Aug. 31 at 5:11 PM
$MDA Q2 2026: revenue C
$498.6M, up 33.6%, with bookings of C
$808.9M for a book-to-bill of about 1.62x. Backlog reached C
$4.003BN, up C
$310M on the quarter. Adjusted EBITDA C
$96.3M, a 19.3% margin, and the full-year revenue range was narrowed upward to C
$1.8-1.9bn.
The other side: free cash flow was an outflow of C
$150.2M on working capital and capacity investment. The company entered the quarter with net cash, then in July sold 23.0M shares at US
$35.60 and closed C
$600M of senior notes due 2033.
Blue Canyon is expected to close by end-2026, CLS late 2026 or early 2027.
Full hub, updated Aug 31: https://www.merlintrader.com/mda-space-mda-stock-hub/