Ormat Technologies, Inc. (ORA) Tops Q1 EPS by 26c

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Go back to Ormat Technologies, Inc. (ORA) Tops Q1 EPS by 26c

Ormat Technologies Reports 2014 First Quarter Results

May 8, 2014 4:49 PM EDT

Record quarterly revenues in the electricity segment, increase 38.8% to $94.8 million Net income of $21.6 million or $0.47 per share attributable to company's shareholders   EBITDA grew 54.4% and reached $70.6 million

RENO, Nev., May 8, 2014 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) announced today its financial results for the first quarter of 2014.

Quarterly financial highlights compared to the same quarter last year:

Quarterly revenues increased 19.8% to $142.4 million;   Gross margin increased from to 22.5% to 37.5%;   Operating income reached $42.6 million compared to $7.7 million;   Net income attributable to... More