secwatch.observer — SEC 8-K summary
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Issuer:     ORMAT TECHNOLOGIES, INC. (ORA)
CIK:        0001296445
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001437749-24-024906
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ormat Q2 revenue up 9.3% to $213M; adj. EBITDA up 25% to $126.1M; raises FY EBITDA guidance
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- Total revenues $213M (+9.3% YoY); operating income $35.1M (+45%); adj. EBITDA $126.1M (+25%).
- Electricity segment revenue $166.2M (+7%), gross margin 33.5% (vs 29.6%); Energy Storage revenue $8.9M (+48.1%), margin 5.7% (vs 1.9%).
- GAAP EPS $0.37; adjusted EPS $0.40; net income $22.2M down 8.1% due to $2M after-tax write-offs.
- FY 2024 adj. EBITDA guided to $520M-$550M; total revenue $875M-$910M. Guidance raised from prior range.
- Quarterly dividend $0.12/share declared, payable Sep 3, record Aug 20.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1296445/000143774924024906/0001437749-24-024906-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1296445/000143774924024906/ora20240806_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-024906

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer