MDA reports lower first-quarter profit despite a sharp increase in revenue compared with the same period last year. According to Winnipeg Free Press, the company’s Q1 profit is $29.6 million, while revenue climbs 32.2% year over year. The Globe and Mail similarly reports that MDA’s first-quarter profit dips as revenue jumps by more than 30%, indicating the same overall direction in financial performance across sources. Both outlets also reference the company’s backlog: the Globe and Mail says MDA’s backlog stands at $3.69 billion at the end of the quarter. Taken together, the reports show a quarter in which top-line growth outpaces profit, with performance supported by a sizable order backlog entering or remaining in future periods. The sources provided do not include specific reasons for the profit decline, but they agree on the main figures and the backlog level at quarter-end.
MDA Q1 profit slips while revenue rises over 30% year over year
MDA reports lower first-quarter profit despite a sharp increase in revenue compared with the same period last year. According to Winnipeg Free Press, the company’s Q1 profit is $29.6 million, while re...
- MDA reports first-quarter profit that declines year over year.
- MDA’s revenue increases by more than 30% year over year, including 32.2% reported by Winnipeg Free Press.
- Winnipeg Free Press reports Q1 profit of $29.6 million.
- The Globe and Mail reports MDA’s backlog is $3.69 billion at quarter-end.
- Both sources describe the same general trend: higher revenue alongside a lower profit.
Company’s backlog stood at $3.69-billion at the end of the quarter
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