MDA Space reports Q4 profit and revenue up from year ago
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$1 per week for 24 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $4.00 plus GST every four weeks. After 24 weeks, price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Winnipeg Free Press access to your Brandon Sun subscription for only
$1 for the first 4 weeks*
*$1 will be added to your next bill. After your 4 weeks access is complete your rate will increase by $0.00 a X percent off the regular rate.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 07/03/2025 (208 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)