Maxar Technologies Reports Third Quarter 2019 Results
WESTMINSTER, Colo. — (BUSINESS WIRE) — November 4, 2019 — Maxar Technologies (NYSE: MAXR) (TSX: MAXR) (“Maxar” or the “Company”), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced financial results for the quarter ended September 30, 2019. All dollar amounts in this press release are expressed in U.S. dollars.
Key points from the quarter include:
- Consolidated revenues of $479 million
- Net loss of $0.44 per share
- Adjusted EBITDA1 of $128 million and Adjusted EBITDA1 margin of 26.7 percent
1 This is a non-GAAP financial measure. Refer to section “Non-GAAP Financial Measures” in this earnings release.
“We continued to make solid progress this quarter on our near-term priorities to position Maxar for sustained top and bottom-line growth, including efforts to reduce debt and leverage levels, re-engineer the Space Solutions business, position our Imagery, Services, and MDA businesses for long-term growth, and create a leaner, more agile organization with a reduced cost structure,” stated Dan Jablonsky, President and Chief Executive Officer.
Jablonsky continued, “We recently signed a sale-lease back transaction on a facility in Palo Alto, California that we expect to reduce debt and leverage, and we garnered important wins in...