RigNet (RNET) Misses Q3 EPS by 5c

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RigNet Announces Third Quarter 2014 Earnings Results

November 4, 2014 4:00 PM EST

Record quarterly revenue of $87.8 million for the third quarter, including $22.7 million from the Enterprise Energy business unit acquired from Inmarsat. Organic revenue increased by $8.3 million, or 14.6%, over the same quarter last year     Record quarterly Adjusted EBITDA of $20.2 million, an increase of 39.7% over the same quarter last year    Record quarterly net income attributable to common stockholders of $5.9 million, or $0.33 per diluted share, an increase of $0.20 per diluted share, or 144.6%, over the same quarter last year

HOUSTON, Nov. 4, 2014 (GLOBE NEWSWIRE) -- RigNet, Inc. (Nasdaq: RNET), a leading global... More