Ormat Technologies (ORA) Misses Q4 EPS by 7c
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Ormat Technologies Reports 2014 Fourth Quarter and Year End Results With Record Revenues of $559.5 Million and Operating Income of $143.5 Million
February 24, 2015 7:28 PM ESTOperating income grew 48.0% Year over Year Adjusted EBITDA Grew 13.1% Year over Year
RENO, Nev., Feb. 24, 2015 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the fourth quarter and full year ended December 31, 2014.
Financial highlights for the full year:
Total revenues of $559.5 million in 2014, an increase of 4.9% from 2013; Electricity segment revenues increased 15.9% to $382.3 million in 2014 from $329.7 million in 2013; Gross margin increased to 36.4% in 2014 compared to 30.0% for full year 2013; Operating income grew 48.0% to $143.5 million in 2014 from $97.0 million in 2013; Adjusted EBITDA grew... More