Intelsat S. A. (I) Tops Q3 EPS by 8c, Slight Miss on Revenues; Offers FY18 Revenue Outlook Below Consensus

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Go back to Intelsat S. A. (I) Tops Q3 EPS by 8c, Slight Miss on Revenues; Offers FY18 Revenue Outlook Below Consensus

Intelsat Announces Third Quarter 2018 Results

October 30, 2018 6:30 AM EDT

Third quarter revenue of $536.9 million; $511.9 million excluding effects of revenue recognition rules (ASC 606) Third quarter net loss attributable to Intelsat S.A. of $374.6 million after $204.1 million primarily non-cash loss on early retirement of debt and $107.9 million primarily non-cash provision for income taxes Third quarter Adjusted EBITDA of $416.3 million or 78 percent of revenue; $390.0 million or 76 percent of revenue excluding effects of ASC 606 September 30, 2018 contracted backlog of $8.4 billion, or $7.3 billion excluding the effects of ASC 606 2018 guidance maintained,... More