MAXR - Maxar Technologies GAAP EPS of $0.41 beats by $0.29 revenue of $438M misses by $14.16M
- Maxar Technologies press release ( NYSE: MAXR ): Q2 GAAP EPS of $0.41 beats by $0.29 .
- Revenue of $438M (-7.4% Y/Y) misses by $14.16M .
- Net loss of $30 million, inclusive of a $53 million loss on debt extinguishment
- Adjusted EBITDA 1 of $119 million
- Operating cash flows of $67 million
- Awarded a 10-year contract worth up to $3.24 billion as part of the Electro-Optical Commercial Layer Program
- Biggs Porter, Chief Financial Officer. “We are maintaining the 2022 guidance ranges for Revenue and Adjusted EBITDA. Although the interest cost is higher than expected coming into the year, we are pleased to have successfully executed a refinancing of our debt structure and significantly extend maturities.”
- Refinanced our Credit Facility with new maturities in 2027 and 2029, retired our 2023 Notes and issued new 7.75% Notes due 2027
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Maxar Technologies GAAP EPS of $0.41 beats by $0.29, revenue of $438M misses by $14.16M