Maxar Technologies Reports First Quarter 2020 Results and Announces Award for Multiple 1300-Class Communications Satellites

Revenues by segment were as follows:

 

 

 

 

 

 

 

 

 

 

Three months ended

 

 

March 31,

 

 

2020

 

2019

($ millions)

 

 

 

 

 

 

 

Revenues

 

 

 

 

 

 

 

Earth Intelligence

 

$

 

271

 

 

$

 

254

 

Space Infrastructure

 

 

132

 

 

 

210

 

Intersegment eliminations

 

 

(22

)

 

 

(33

)

Total revenues

 

$

 

381

 

 

$

 

431

 

The Company analyzes financial performance by segment, which combine related activities within the Company.

 

 

 

 

 

 

 

 

 

Three months ended

 

 

March 31,

 

 

2020

 

2019

Adjusted EBITDA:

 

 

 

 

 

 

Earth Intelligence

 

$

 

133

 

 

$

 

125

 

Space Infrastructure

 

 

(39

)

 

 

(2

)

Intersegment eliminations

 

 

(7

)

 

 

(4

)

Corporate and other expenses

 

 

(10

)

 

 

(20

)

Adjusted EBITDA 1

 

$

 

77

 

 

$

 

99

 

 

1 This is a non-GAAP financial measure. Refer to section “Non-GAAP Financial Measures” in this earnings release.


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