Key Points From Maxar Technologies’ Q4 Earnings Report
<p><a href='https://financialmodelingprep.com/financial-summary/MAXR'>Maxar Technologies Inc. (NYSE:MAXR)</a> reported its Q4 earnings results, with revenue of $326 million, representing a 30% year-over-year decline. Adjusted EBITDA was $27 million, with an 8.3% margin.</p>
<p>Total 2022 revenues were $1.6 billion, down $165 million from 2021, of which $92 million was due to the Jupiter 3 contract adjustments. Total 2022 EBITDA margins in the Earth Intelligence segment were 41.3%, and just (5.1%) in the Space Infrastructure segment. The company exited 2022 with a total backlog of $3.2 billion (with an additional $2.1 billion in unfunded contract options).</p>
<p>With the "go shop" period now ended, analysts at RBC Capital believe the company is on track to be acquired by Advent International by mid-year 2023. The analysts currently do not anticipate regulatory pushback of the acquisition by Advent, and reiterated their Sector Perform rating and $53 price target price on the acquisition assumption.</p>

NYSE:MAXR