Q: Thoughts on the quarter?
5i Research Answer:
The quarter at MDA looked good. The company reported revenue of $499 mln vs $464 mln expected. EBITDA of $96.2 mln beat expectations of $86.3 mln. The outlook also looked good with full year revenue of $1.7 to $1.9 bln guidance provided vs $1.77 bln expected and EBITDA in -line. Backlog was at $4 bln and the pipeline was at $40 bln. We don't see a whole lot to pick on here.