Posted: Wednesday, February 24, 2016
MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX: MDA), a global communications and information company, today reported financial results for the fourth quarter and full year ended December 31, 2015.
The Company posted consolidated revenues of $544 million and operating earnings1 of $55 million, or $1.51 per share1, for the fourth quarter of 2015. These results compare to consolidated revenues of $547 million and operating earnings of $54 million, or $1.49 per share, for the same period of 2014.
For the full year 2015, consolidated revenues were $2.1 billion and operating earnings were $221 million, or $6.08 per share. These full year results compare to consolidated revenues of $2.1 billion and operating earnings of $208 million ($5.76 per share) for fiscal year 2014.
Net earnings under IFRS for the fourth quarter of 2015 were $5.8 million compared to a net loss of $36 million for the same period a year ago. For the full year 2015, net earnings under IFRS were $143 million compared to $47 million for last year.
The Company had total funded order backlog of $2.9 billion as at December 31, 2015.
The Company has declared a quarterly dividend of $0.37 per common share payable on March 31, 2016 to shareholders of record at the close of business on March 15, 2016.
MDA’s audited consolidated financial statements and management’s discussion and analysis (MD&A) for the year ended December 31, 2015 are available at:
MDA is a global communications and information company providing operational solutions to commercial and government organizations worldwide.
MDA’s business is focused on markets and customers with strong repeat business potential, primarily in the Communications sector and the Surveillance and Intelligence sector. In addition, the Company conducts a significant amount of advanced technology development.
MDA’s established global customer base is served by more than 4,800 employees operating from 11 locations in the United States, Canada, and internationally.
The Company’s common shares trade on the Toronto Stock Exchange under the symbol MDA.
Investor/Analyst Conference Call
MDA President and CEO Daniel Friedmann and Executive Vice President and CFO Anil Wirasekara will be available on a Conference Call today, February 24, 2016 at 2:30 p.m. Pacific (5:30 p.m. Eastern) to explain the financial results of the Company and to answer questions.
To participate, dial toll free North America: 1-888-390-0546
The Conference Call will also be Webcast live at:
Telephone replay will be available from February 24, 2016, 5:00 p.m. Pacific (8:00 p.m. Eastern) to
March 9, 2016, 8:59 p.m. Pacific (11:59 p.m. Eastern) at the following numbers:
Toll free North America: 1-888-390-0541
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