RICHMOND, BC, April 25, 2013 /CNW/ - MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX: MDA), a global communications and information company, plans to release its First Quarter 2013 financial results at 5:30 p.m. EDT (2:30 p.m. PDT) on May 2, 2013.
Daniel Friedmann, president and CEO, and Anil Wiresekara, executive vice president and CFO, will host an earnings conference call the following day, reviewing the First Quarter results, followed by a question and answer session. The call is scheduled to begin promptly at 2:00 p.m. EDT (11:00 a.m. PDT).
To participate in the conference call, please call the conference line approximately five minutes prior to the commencement of the call.
Conference Call Dial-In Numbers:
Toll Free: 1-888-390-0541
May 3, 2013 1:30 p.m. PDT, 4:30 p.m. EDT to
May 17, 2013 11:59 p.m. PDT, May 18, 2013 2:59 a.m. EDT
The conference call will also be Webcast live and then archived at:
MDA will also be holding its Annual General Meeting at 11:00 a.m. PDT on May 6, 2013 at its Corporate Head Office, 13800 Commerce Parkway, Richmond, BC. The business update will be presented at the First Quarter 2013 Results conference call scheduled May 3, 2013.
MDA is a global communications and information company providing operational solutions to commercial and government organizations worldwide.
MDA's business is focused on markets and customers with strong repeat business potential. In addition, the Company conducts a significant amount of advanced technology development.
MDA's well-established global customer base is served by more than 4,500 employees operating from 11 offices located in the United States, Canada, and internationally.
The Company's common shares trade under the symbol TSX:MDA.
The above referenced earnings release and the associated conference call and webcast, which includes a business update, first quarter 2013 results, and a question and answer session, contain certain forward-looking statements and information, which reflect the current view of MacDonald, Dettwiler and Associates Ltd. (the "Company" or "MDA") with respect to future events and financial performance. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "will", "would", "could", "should", "expect", "intend", "estimate", "anticipate", "plan", "foresee", "believe" or "continue" or the negatives of such terms or variations of them or similar terminology. Any such forward-looking statements are based on MDA's current expectations, estimates, projections and assumptions made in light of its experience and perception of historical trends. Forward-looking statements are subject to risks and uncertainties, many of which are beyond MDA's control and the effects of which can be difficult to predict. MDA's actual results of operations could differ materially from historical results or current expectations.
Risks that could cause the Company's actual results to differ from current expectations include, but are not limited to: changes in government priorities, funding levels, contracts and regulations; failure of third parties and subcontractors to complete contracts for which the Company is the prime contractor; risks of performance on firm fixed price construction contracts; changes in estimates of total revenues and costs on contracts; potential for product liability or the occurrence of defects in software and other products and resulting loss of revenue and loss of the Company's reputation; quality issues and failure of systems to meet performance requirements; failure of the Company to manage its acquisitions and breaches of contracts and indemnities and related risks on divestitures; satellite failure; dependence on electronic systems and data and system security threats; detrimental reliance on third parties for data; dependence on key employees, potential for work stoppages and lack of oversight over a U.S. proxy board and management; failure to anticipate changes in technology, technical standards and offerings or comply with the requisite standards; failure to maintain technological advances and market positions; significant competition; infringement of the intellectual property rights of others through licensed software or otherwise; inadequate protection of the Company's intellectual property rights; exposure to foreign currency fluctuations; changes in law and economic and political conditions; inability of suppliers or subcontractors to effect technology transfer; changes in customer security requirements and the resulting cancellation of contracts; failure to maintain business alliances; uncertainty in financing arrangements; failure of counterparties in financing arrangements and financial derivative contracts; wrongful call on letters of credit and performance bonds; and insufficient insurance against material claims or losses. You are referred to the risk factors described in MDA's most recent annual Management's Discussion and Analysis, Annual Information Form and other documents on file with the Canadian securities regulatory authorities, available under the Company's profile on SEDAR, www.sedar.com or on the Company's website at www.mdacorporation.com.
The forward-looking statements and information contained in the earnings release and the associated conference call and webcast represent MDA's views only as of the time of release. MDA disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by law, rule or regulation. You should not place undue reliance on forward-looking statements.
The Toronto Stock Exchange has neither approved nor disapproved the form or content of this release.
SOURCE MacDonald, Dettwiler and Associates Ltd.