Iridium Communications (IRDM) Tops Q4 EPS by 6c

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Go back to Iridium Communications (IRDM) Tops Q4 EPS by 6c

Iridium Announces Fourth-Quarter and Full-Year 2014 Results; Company Issues 2015 Outlook

February 26, 2015 7:01 AM EST

MCLEAN, Va., Feb. 26, 2015 (GLOBE NEWSWIRE) -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today reported financial results for the fourth quarter of 2014 and issued its full-year 2015 and long-range outlook. Net income was $23.0 million, or $0.19 per diluted share, for the fourth quarter of 2014, as compared to $15.6 million, or $0.18 per diluted share, for the fourth quarter of 2013. Operational EBITDA ("OEBITDA")(1) for the fourth quarter was $51.8 million, as compared to $49.8 million for the prior-year period, representing a year-over-year increase of 4 percent and an OEBITDA margin(1) of 52 percent. OEBITDA grew largely due to higher service revenue.

Iridium reported fourth-quarter... More