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For immediate release: May 12, 2008 MDA Reports First Quarter 2008 ResultsRichmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, today reported financial results for the three months ended March 31, 2008. First quarter net earnings increased to $26 million, or $0.64 per diluted share, on consolidated revenues of $290 million. This is compared to net earnings of $21 million, or $0.49 per diluted share, and consolidated revenues of $306 million for the first quarter of 2007. Results for the current quarter were impacted by the appreciation of the Canadian dollar. Consolidated revenues would have been $316 million and diluted earnings per share would have been $0.70 if the average foreign exchange rates had been comparable to the first quarter last year. Information Products revenues were $194 million compared to $210 million for the same period a year ago, as a higher level of sales activity this quarter was offset by foreign exchange translation adjustments. Information Systems revenues were $96 million, consistent with the first quarter of 2007.
About MDA MDA provides advanced information solutions that capture and process vast amounts of data, produce essential information, and improve the decision making and operational performance of business and government organizations worldwide.
Focused on markets and customers with strong repeat business potential, MDA delivers a broad spectrum of information solutions, ranging from complex operational systems, to tailored information services, to electronic information products.
MDA employs more than 3,000 people in locations across the United States, the United Kingdom, and Canada. The Company's common shares trade on the Toronto Stock Exchange under the symbol TSX:MDA.
MDA's First Quarter 2008 unaudited consolidated financial statements are available at: Investor/Analyst Conference Call Today
MDA President and CEO Daniel Friedmann and Executive Vice President and CFO
To participate, dial 1-888-789-9572 in Canada or the United States
The Conference Call will also be Webcast live and archived at:
Telephone replay will be available until May 19, 2008 at the following numbers:
Toll free, International, dial 1-800-408-3053
Related Websites: For more information, please contact: Wendy Keyzer MDA External Relations Telephone: 604-231-2743 E-mail: wendy@mdacorporation.com |
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