Maxar Technologies Reports Second Quarter 2019 Results
WESTMINSTER, Colo. — (BUSINESS WIRE) — August 6, 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 June 30, 2019. All dollar amounts in this press release are expressed in U.S. dollars.
Key points from the quarter include:
- Consolidated revenues of $490 million
- Net income of $2.45 per share
- Adjusted EBITDA1 of $129 million and Adjusted EBITDA1 margin of 26 percent
This is a non-GAAP financial measure. Refer to section “Non-GAAP Financial Measures” in this earnings release
“We made solid progress this quarter on our near-term priorities to position Maxar for sustained top and bottom-line growth. We continued to track options 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, “This quarter, we garnered some important wins, including NASA’s Power Propulsion Element for the Artemis program, we signed...