Ormat Q1 revenue up 21% to $224.2M, EPS $0.64; reiterates FY2024 guidance

ORMAT TECHNOLOGIES, INC.

2024-Q1 EPS reported $0.64 revenue$224,166,000

Total revenue $224.2M (+21% YoY); diluted EPS $0.64 (+25.5%); net income $38.6M (+32.9%).
Electricity segment revenue $191.3M (record quarter, +12.3%); driven by Puna, Heber, and Enel acquisition.
Energy Storage revenue $8.1M (+65.6%); gross margin improved to 7.5% from negative.
Adjusted EBITDA $141.2M (+14.4%); FY2024 guidance reaffirmed: rev $860-910M, Adj. EBITDA $515-545M.
Quarterly dividend $0.12/share unchanged; payable June 5, 2024 to holders of record May 22.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ORMAT TECHNOLOGIES, INC. reported first quarter ended March 31, 2024 results: revenue $224.2 million, net income $38.6 million, EPS $0.64. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $224.2 million
Net income: $38.6 million
EPS: $0.64
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Net income attributable to the Company’s stockholders for the first quarter was $38.6 million, an increase of 32.9% compared to last year. Diluted EPS for the first quarter was $0.64, an increase of 25.5% compared to the prior year period.

View on SEC.gov

708 earnings releases filed in the last 30 days. Browse all earnings releases →

ORMAT TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001437749-24-015413

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.