Ormat Technologies (ORA) Declares $0.05 Quarterly Dividend; 0.7% Yield

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Go back to Ormat Technologies (ORA) Declares $0.05 Quarterly Dividend; 0.7% Yield

Ormat Technologies Reports 2014 Third Quarter Results

November 5, 2014 5:48 PM EST

Net income attributable to the Company's stockholders increased 27.5% to $16.5 million or $0.36 per share

Adjusted EBITDA grew 14.9% and reached $69.2 million

RENO, Nev., Nov. 5, 2014 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) announced today its financial results for the third quarter of 2014.

Quarterly financial highlights and recent developments:

Quarterly revenues increased 7.3% to $140.2 million compared to the third quarter of last year; Gross margin increased from 30.4% in the third quarter of 2013 to 39.6% in the third quarter 2014; Adjusted EBITDA grew 14.9% to $69.2... More