Ormat Technologies (ORA) Tops Q4 EPS by 2c, FY Revenue Guidance Tops Views

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Go back to Ormat Technologies (ORA) Tops Q4 EPS by 2c, FY Revenue Guidance Tops Views

Ormat Technologies Reports All-Time Record Annual Revenue of $595 Million and Adjusted EBITDA of $291 Million

February 23, 2016 5:34 PM EST

Higher Product Segment Revenue and Continued Margin Improvements Drive Annual Results Past 2015 Guidance

Total Book Equity Exceeds $1 Billion

RENO, Nev., Feb. 23, 2016 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) today announced record financial results for the fourth quarter and full year ended December 31, 2015.

Financial highlights for the full year:

Total revenues of  $594.6 million in 2015, an increase of 6.3% from 2014;Product segment revenues reached record levels of $218.7 million in 2015 from $177.2 million in 2014 representing a 23.4% increase;Electricity segment... More