The earnings call reflected a strong performance with significant revenue growth, a substantial backlog, and positive updates on major programs. However, there were some concerns with the delay in the MDA CHORUS launch and flat revenue in the GeoIntelligence segment. Overall, the sentiment is positive, driven by strong financial results and an optimistic outlook.

Company Guidance

During the MDA Space Limited Q3 2024 earnings call, the company provided updated financial guidance based on its strong year-to-date performance. MDA reported Q3 revenues of $282 million, marking a 38% increase year-over-year, with an adjusted EBITDA of $55.5 million, up 30% from the previous year, resulting in an adjusted EBITDA margin of 19.7%. The company also highlighted a robust operating cash flow of $259 million and a substantial backlog of $4.6 billion, supporting revenue visibility into 2025 and beyond. As a result of this solid performance, MDA raised its full-year 2024 revenue guidance to a range of $1.045 billion to $1.065 billion, while narrowing its adjusted EBITDA guidance to $205 million to $210 million. Furthermore, MDA reaffirmed its CapEx guidance of $200 million to $220 million and maintained expectations for positive free cash flow by year-end, driven by favorable operating cash flow dynamics, particularly from the Telesat Lightspeed program.

Significant Revenue Growth

Q3 revenues totaled $282 million, up 38% year-over-year.

Strong EBITDA and Operating Cash Flow

Adjusted EBITDA was $55.5 million, up 30% versus last year, with a margin of 19.7%. Operating cash flow was strong at $259 million.

Substantial Backlog

The company ended the quarter with a backlog of $4.6 billion, representing an increase of close to 50% year-over-year.

Satellite Systems Expansion

Groundbreaking on Satellite Systems facility expansion in Quebec with capacity to deliver 2 MDA Aurora digital satellites per day.

Major Program Milestones

Successful preliminary design review for the Canadarm3 program and progress on the Telesat Lightspeed program.

Positive Outlook for 2024

Full year revenue guidance raised to $1.045 billion to $1.065 billion, representing growth of approximately 30% at the midpoint.

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MDA Ltd (TSE:MDA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:MDA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 12, 2021	2021 (Q1)	0.08 / 0.02	―	―	―	―
Aug 11, 2021	2021 (Q2)	0.06 / 0.00	―	―	―	―
Nov 12, 2021	2021 (Q3)	0.07 / 0.03	―	―	―	―
Mar 17, 2022	2021 (Q4)	0.01 / 0.03	0	―	―	―
May 11, 2022	2022 (Q1)	0.02 / 0.07	0.02	250.00% (+0.05)	―	―
Aug 12, 2022	2022 (Q2)	0.01 / -0.07	0	―	―	―
Nov 11, 2022	2022 (Q3)	0.02 / 0.15	0.03	400.00% (+0.12)	―	―
Mar 23, 2023	2022 (Q4)	0.06 / 0.06	0.025	140.00% (+0.03)	―	―
May 12, 2023	2023 (Q1)	0.07 / 0.13	0.07	85.71% (+0.06)	―	―
Aug 11, 2023	2023 (Q2)	0.08 / 0.08	-0.07	214.29% (+0.15)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TSE:MDA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 15, 2024	C$25.85	C$24.97	-3.40%
Aug 08, 2024	C$12.07	C$13.57	+12.43%
May 09, 2024	C$14.89	C$13.89	-6.72%
Feb 28, 2024	C$14.08	C$14.16	+0.57%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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