Magellan Aerospace Corporation — News

Magellan Aerospace remains a Strong Buy, with 24% upside to a $31.39 price target justified by robust commercial and defense tailwinds. MAL benefits from rising aircraft production rates, elevated defense spending, proprietary manufacturing, and exposure to key programs like the Boeing 737 MAX and F-35. Recent Q1 results showed 9.3% revenue growth, 20.4% gross profit growth, and margin expansion to 13%, driven by favorable mix, pricing, and operating leverage.

seekingalpha.com - 2026-07-09 07:54:27

MISSISSAUGA, Ontario--(BUSINESS WIRE)--Magellan Aerospace Corporation (“Magellan or Corporation") (TSX: MAL) announced today that the Toronto Stock Exchange has accepted notice filed by Magellan to make a normal course issuer bid (“NCIB”) through facilities of the Toronto Stock Exchange (the “TSX”) and other alternative Canadian trading systems. The notice provides that Magellan may, during the 12 month period commencing June 15, 2026 and ending June 14, 2027, purchase for cancellation up to 2,.

businesswire.com - 2026-06-11 07:00:00

TORONTO--(BUSINESS WIRE)--Magellan Aerospace Corporation (“Magellan” or the “Corporation”) released its financial results for the first quarter of 2026. All amounts are expressed in Canadian dollars unless otherwise indicated. The results are summarized as follows:       Three month period ended March 31 Expressed in thousands of Canadian dollars, except per share amounts       2026 2025 Change Revenues         285,102 260,898 9.3% Gross Profit         40,613 33,732 20.4% Net Income         16,.

businesswire.com - 2026-05-11 06:30:00

TORONTO--(BUSINESS WIRE)--Magellan Aerospace Corporation ("Magellan Aerospace") (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.05 (five cents) per share on the Corporation's common shares. The Board of Directors of the Corporation continues to review its dividends on a quarterly basis for more visibility of recovery, and ensure that the dividend declared balances the return of capital to shareholders while maintaining adequate financial flexibili.

businesswire.com - 2026-05-08 17:00:00

MISSISSAUGA, Ontario--(BUSINESS WIRE)--Magellan Aerospace Corporation (the "Corporation") announces that today at the annual meeting of shareholders of the Corporation (the “Meeting”) the proposed nominees for directors of the Corporation received the following votes: Name of Proposed Nominee Votes For Percentage of Votes For Votes Withheld Percentage of Votes Withheld N. Murray Edwards 48,084,585 98.17% 896,304 1.83% Phillip C. Underwood 48,550,861 99.12% 430,028 0.88% Beth M. Budd Bandler 47,.

businesswire.com - 2026-05-08 16:30:00

Magellan Aerospace Corporation (MAL:CA) Shareholder/Analyst Call Prepared Remarks Transcript

seekingalpha.com - 2026-05-08 16:01:15

Magellan Aerospace remains a strong buy, with the stock up 168% since initial coverage and still undervalued versus peers. MAL:CA delivered 11% revenue growth and expanded adjusted EBITDA margin to 11.2%, driven by higher casting and engine part revenues. EBITDA is projected to grow 16.5% annually, with free cash flow potentially increasing 45% annually and a net cash position expected by 2027.

seekingalpha.com - 2026-04-25 04:45:00