MDA Space reports Q4 profit and revenue up from year ago
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Hey there, time traveller!
This article was published 07/03/2025 (276 days ago), so information in it may no longer be current.
BRAMPTON, Ont. – MDA Space Ltd. reported its fourth-quarter profit rose compared with a year ago as its revenue also climbed higher, helped by strong contributions from its satellite systems business.
The company says it earned $25.1 million or 20 cents per diluted share in its quarter ended Dec. 31.
The result compared with a profit of $13.5 million or 11 cents per diluted share in the last three months of 2023.
Revenue for the quarter totalled $346.6 million, up from $205.0 million a year earlier.
On an adjusted basis, MDA says it earned 28 cents per diluted share in its latest quarter, up from an adjusted profit of 23 cents per diluted share a year earlier.
The company’s backlog stood at $4.4 billion at the end of 2024, up from $3.1 billion at the end of 2023.
This report by The Canadian Press was first published March 7, 2025.
Companies in this story: (TSX:MDA)