Magellan Aerospace Q1 revenue up 9.3% on Europe boost

Magellan Aerospace

11/05/2026 11:40

Overview

Canada aerospace components maker's Q1 revenue rose 9.3% yr/yr

Q1 adjusted EBITDA increased 35.4% yr/yr

Gross profit gains driven by volume, price increases and favorable product mix

Outlook

Company expects sustained growth in defense aerospace amid rising global defense spending

Magellan sees cautiously optimistic commercial aerospace outlook, supported by strong Airbus and Boeing backlogs

Company cites supply chain and geopolitical risks as ongoing challenges for aerospace markets

Result Drivers

EUROPEAN GROWTH - Higher revenues for narrow and wide body aircraft parts and MRO services drove a 20.6% yr/yr increase in European sales, aided by favorable currency movements

VOLUME, PRICE AND MIX - Gross profit gains were attributed to higher sales volumes, price increases and a favorable product mix, partly offset by increased input costs

FOREIGN EXCHANGE IMPACT - Foreign exchange gains contributed to higher adjusted EBITDA, offset in part by increased administrative expenses

Company press release: ID:nBwZbY6ma

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
C$285.10 mln
C$280.85 mln (2 Analysts)
Q1 EPS
C$0.29
Q1 Net Income
C$16.48 mln
Q1 Adjusted EBITDA
C$36.93 mln
C$38.52 mln (2 Analysts)
Q1 Gross Profit
C$40.61 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the aerospace & defense peer group is "buy"

Wall Street's median 12-month price target for Magellan Aerospace Corp is C$28.50, about 5.8% above its May 8 closing price of C$26.93

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)