Ormat Technologies (ORA) Tops Q4 EPS by 26c
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Ormat Technologies Reports Fourth Quarter and Year-End 2022 Financial Results
February 22, 2023 4:15 PM ESTHIGHLIGHTS
TOTAL REVENUES OF $734.1 MILLION FOR FULL YEAR 2022 INCREASED BY 10.7% YEAR-OVER-YEAR, DRIVEN BY GROWTH IN ALL THREE OPERATING SEGMENTSOPERATING INCOME INCREASED BY 10.7% FOR THE FOURTH QUARTER AND 8.3% FOR THE FULL YEARÂ COMPARED TO 2021, EXCLUDING A ONE-TIME NON-CASH IMPAIRMENT CHARGE OF $30.5 MILLION RELATED TO BRAWLEYORMAT ANNOUNCES FULL YEAR 2023 ADJUSTED EBITDA OUTLOOK OF $480 TO $510 MILLION, AN INCREASE OF UP TO 17% OVER 2022ORMAT EXPECTS TO RECEIVE APPROXIMATELY $150 MILLION... More