MDA Reports First Quarter 2015 Results
MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX: MDA), a global communications and information company, today reported financial results for the first quarter ended March 31, 2015.
The Company posted quarterly consolidated revenues of $534 million and quarterly operating earnings1 of $55 million, or $1.53 per share1. These results compare to consolidated revenues of $493 million and operating earnings of $49 million, or $1.37 per share, for the same period of 2014. First quarter net earnings in 2015 were $38 million ($1.06 per share), up from $25 million ($0.69 per share) for the same period a year ago.
The Company had total funded order backlog of $3.0 billion as at March 31, 2015 (December 31, 2014 – $3.1 billion).
The Company has declared a quarterly dividend of $0.37 per common share payable on June 30, 2015 to shareholders of record at the close of business on June 15, 2015.
MDA’s condensed consolidated financial statements and management’s discussion and analysis (MD&A) for the three months ended March 31, 2015 are available at:
http://www.mdacorporation.com/corporate/investor/financial_reports.cfm
About MDA
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.
