Maxar Technologies Reports First Quarter 2019 Results
WESTMINSTER, Colo. — (BUSINESS WIRE) — May 9, 2019 — Maxar Technologies Inc. (“Maxar” or the “Company”) (NYSE: MAXR) (TSX: MAXR), a global technology innovator powering the new space economy, today reported financial results for the quarter ended March 31, 2019. All dollar amounts in this press release are expressed in U.S. dollars.
Key points from the quarter include:
- Consolidated revenues of $504 million
- Net loss of $0.99 per share
- Adjusted EBITDA1 of $117 million and Adjusted EBITDA1 margin of 23 percent
- Quarterly dividend of $0.01
This is a non-GAAP financial measure. Refer to section “Non-GAAP Financial Measures” in this earnings release.
“We remain focused on our near-term priorities to position Maxar for sustained top and bottom-line growth. We are working on reducing debt and leverage levels, re-engineering the satellite business based out of Palo Alto, positioning our Imagery, Services, and MDA businesses for long-term growth, and creating a leaner, more agile organization with a reduced cost structure,” stated Dan Jablonsky, President and Chief Executive Officer.
Jablonsky continued, “This quarter, our Palo Alto satellite business experienced quarter-over-quarter...