See more : SMS Lifesciences India Limited (SMSLIFE.NS) Income Statement Analysis – Financial Results
Complete financial analysis of Ormat Technologies, Inc. (ORA) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Ormat Technologies, Inc., a leading company in the Renewable Utilities industry within the Utilities sector.
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Ormat Technologies, Inc. (ORA)
About Ormat Technologies, Inc.
Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras, and internationally. It operates through three segments: Electricity, Product, and Energy Storage. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic, and recovered energy-based power plants; and sells electricity. The Product segment designs, manufactures, and sells equipment for geothermal, recovered energy-based electricity generation, and remote power units, such as fossil fuel powered turbo-generators and heavy duty direct-current generators; and provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy-based power plants. The Product segment serves contractors; developers, owners, and operators of geothermal power plants; and owners and operators of interstate natural gas pipelines, gas processing plants, and cement plants, as well as companies in other energy-intensive industrial processes. The Energy Storage segment offers energy storage and related services, as well as services relating to the engineering, procurement, construction, operation, and maintenance of energy storage units. Ormat Technologies, Inc. was founded in 1965 and is based in Reno, Nevada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 829.42M | 734.16M | 663.08M | 705.34M | 746.04M | 719.27M | 692.81M | 662.59M | 594.64M | 559.52M | 533.24M | 514.41M | 437.01M | 373.23M | 415.24M | 344.83M | 295.92M | 268.94M | 237.99M | 219.23M | 119.44M | 85.63M | 47.92M |
| Cost of Revenue | 565.41M | 465.34M | 398.75M | 429.07M | 476.72M | 448.83M | 424.36M | 391.80M | 376.37M | 355.77M | 373.42M | 379.98M | 320.11M | 295.60M | 292.61M | 242.81M | 216.73M | 175.57M | 148.85M | 136.08M | 76.22M | 50.78M | 29.99M |
| Gross Profit | 264.02M | 268.82M | 264.34M | 276.28M | 269.32M | 270.44M | 268.45M | 270.80M | 218.28M | 203.75M | 159.82M | 134.43M | 116.90M | 77.63M | 122.64M | 102.03M | 79.19M | 93.37M | 89.14M | 83.15M | 43.22M | 34.85M | 17.93M |
| Gross Profit Ratio | 31.83% | 36.62% | 39.86% | 39.17% | 36.10% | 37.60% | 38.75% | 40.87% | 36.71% | 36.42% | 29.97% | 26.13% | 26.75% | 20.80% | 29.53% | 29.59% | 26.76% | 34.72% | 37.46% | 37.93% | 36.19% | 40.70% | 37.41% |
| Research & Development | 7.22M | 5.08M | 4.13M | 5.40M | 4.65M | 4.18M | 3.16M | 2.76M | 1.78M | 783.00K | 4.97M | 6.11M | 8.80M | 10.12M | 10.50M | 4.60M | 3.66M | 2.98M | 3.04M | 2.18M | 1.39M | 1.50M | 1.73M |
| General & Administrative | 68.18M | 61.27M | 75.90M | 60.23M | 55.83M | 47.75M | 42.88M | 46.71M | 34.78M | 28.61M | 29.19M | 28.27M | 27.89M | 27.44M | 26.41M | 36.82M | 32.06M | 28.46M | 22.20M | 19.38M | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 18.31M | 16.19M | 15.20M | 17.38M | 15.05M | 19.80M | 15.60M | 16.42M | 16.08M | 15.43M | 24.61M | 16.12M | 16.21M | 13.45M | 14.58M | 10.89M | 10.65M | 10.36M | 7.88M | 7.77M | 0.00 | 0.00 | 0.00 |
| SG&A | 86.49M | 77.47M | 91.10M | 77.61M | 70.88M | 67.55M | 58.48M | 63.13M | 50.86M | 44.04M | 53.80M | 44.39M | 44.09M | 40.89M | 41.00M | 36.82M | 32.06M | 28.46M | 22.20M | 19.38M | 16.34M | 13.12M | 0.00 |
| Other Expenses | 0.00 | 33.18M | 29.45M | 27.14M | 21.75M | 26.78M | 16.21M | 11.16M | 23.44M | 24.90M | 21.54M | 10.72M | 0.00 | 0.00 | 0.00 | -4.20M | -2.02M | 0.00 | 0.00 | -146.00K | 16.34M | 13.12M | 0.00 |
| Operating Expenses | 97.43M | 82.55M | 95.23M | 83.01M | 75.53M | 71.74M | 61.64M | 65.90M | 52.64M | 44.82M | 58.77M | 50.50M | 52.89M | 51.01M | 51.50M | 37.22M | 33.70M | 31.44M | 25.23M | 21.41M | 17.73M | 14.63M | 1.73M |
| Cost & Expenses | 662.84M | 547.88M | 493.98M | 512.07M | 552.25M | 520.57M | 486.00M | 457.69M | 429.00M | 400.60M | 432.19M | 430.48M | 373.00M | 346.61M | 344.10M | 280.03M | 250.44M | 207.01M | 174.08M | 157.49M | 93.95M | 65.40M | 31.72M |
| Interest Income | 11.98M | 3.42M | 2.12M | 1.72M | 1.52M | 974.00K | 988.00K | 971.00K | 297.00K | 312.00K | 1.33M | 1.20M | 1.43M | 343.00K | 639.00K | 3.12M | 6.57M | 6.56M | 4.31M | 0.00 | 542.00K | 0.00 | 0.00 |
| Interest Expense | 98.88M | 87.74M | 82.66M | 77.95M | 80.38M | 70.92M | 54.14M | 67.39M | 72.58M | 84.65M | 73.78M | 64.07M | 69.46M | 40.47M | 16.24M | 14.95M | 0.00 | 30.96M | 55.32M | 0.00 | 8.06M | 0.00 | 0.00 |
| Depreciation & Amortization | 230.96M | 204.05M | 178.68M | 151.13M | 142.71M | 128.07M | 107.57M | 107.63M | 107.21M | 100.80M | 92.93M | 102.34M | 96.40M | 86.76M | 61.69M | 57.44M | 47.80M | 40.75M | 34.58M | 37.11M | 16.62M | 14.48M | 11.98M |
| EBITDA | 468.93M | 387.40M | 364.89M | 397.80M | 193.80M | 336.18M | 332.45M | 306.65M | 272.47M | 143.49M | 217.84M | -43.63M | 174.22M | 159.27M | 71.78M | 122.07M | 99.14M | 112.89M | 87.70M | 100.83M | 41.96M | 35.03M | 16.20M |
| EBITDA Ratio | 56.54% | 30.36% | 30.26% | 31.49% | 29.10% | 31.48% | 32.33% | 32.75% | 31.85% | 32.91% | 23.24% | 18.63% | 14.97% | 17.12% | 17.29% | 39.90% | 33.04% | 38.18% | 41.35% | 44.40% | 35.13% | 39.51% | 33.80% |
| Operating Income | 166.59M | 24.08M | 17.71M | 65.51M | 68.30M | 185.11M | 205.02M | 201.88M | 164.06M | 143.49M | 96.96M | -155.09M | 64.01M | 23.57M | 68.77M | 60.61M | 43.46M | 61.93M | 63.91M | 62.44M | 25.49M | 20.23M | 4.22M |
| Operating Income Ratio | 20.08% | 3.28% | 2.67% | 9.29% | 9.16% | 25.74% | 29.59% | 30.47% | 27.59% | 25.65% | 18.18% | -30.15% | 14.65% | 6.31% | 16.56% | 17.58% | 14.69% | 23.03% | 26.85% | 28.48% | 21.34% | 23.62% | 8.80% |
| Total Other Income/Expenses | -27.50M | -57.19M | -65.81M | -45.30M | -56.49M | -47.93M | -34.29M | -60.79M | -50.46M | -57.65M | -45.82M | -56.72M | -57.24M | 7.21M | 14.57M | -11.51M | -22.89M | -24.41M | -50.94M | -41.50M | -7.33M | -4.70M | -2.24M |
| Income Before Tax | 139.09M | 95.61M | 103.55M | 168.72M | 137.30M | 137.18M | 170.73M | 141.09M | 113.60M | 85.84M | 51.14M | -206.99M | 6.77M | 30.78M | 83.34M | 44.90M | 20.57M | 37.52M | 12.97M | 20.94M | 18.17M | 14.65M | 1.98M |
| Income Before Tax Ratio | 16.77% | 13.02% | 15.62% | 23.92% | 18.40% | 19.07% | 24.64% | 21.29% | 19.10% | 15.34% | 9.59% | -40.24% | 1.55% | 8.25% | 20.07% | 13.02% | 6.95% | 13.95% | 5.45% | 9.55% | 15.21% | 17.11% | 4.13% |
| Income Tax Expense | 5.98M | 14.74M | 24.85M | 67.00M | 45.61M | 34.73M | -1.41M | 31.84M | -15.26M | 27.61M | 13.55M | -2.86M | 48.54M | -1.10M | 16.92M | 7.96M | 1.82M | 6.40M | 4.69M | 6.61M | 2.51M | 6.14M | 3.07M |
| Net Income | 124.40M | 65.84M | 62.09M | 85.46M | 88.10M | 97.97M | 170.73M | 93.93M | 119.57M | 54.18M | 41.24M | -207.07M | -43.06M | 37.32M | 68.85M | 49.83M | 27.38M | 34.45M | 15.18M | 17.79M | 15.45M | -1.04M | -6.41M |
| Net Income Ratio | 15.00% | 8.97% | 9.36% | 12.12% | 11.81% | 13.62% | 24.64% | 14.18% | 20.11% | 9.68% | 7.73% | -40.25% | -9.85% | 10.00% | 16.58% | 14.45% | 9.25% | 12.81% | 6.38% | 8.12% | 12.94% | -1.22% | -13.38% |
| EPS | 2.09 | 1.17 | 1.11 | 1.66 | 1.73 | 1.93 | 2.64 | 1.79 | 2.48 | 1.19 | 0.91 | -4.56 | -0.95 | 0.82 | 1.52 | 0.99 | 0.71 | 1.00 | 0.48 | 0.72 | 0.66 | -0.05 | -0.21 |
| EPS Diluted | 2.08 | 1.17 | 1.10 | 1.65 | 1.72 | 1.92 | 2.61 | 1.77 | 2.45 | 1.18 | 0.91 | -4.56 | -0.95 | 0.82 | 1.51 | 0.98 | 0.70 | 0.99 | 0.48 | 0.72 | 0.66 | -0.05 | -0.21 |
| Weighted Avg Shares Out | 59.42M | 56.06M | 56.00M | 51.57M | 50.87M | 50.64M | 50.11M | 49.47M | 48.56M | 45.51M | 45.44M | 45.40M | 45.43M | 45.43M | 45.39M | 44.18M | 38.76M | 34.59M | 31.56M | 24.81M | 23.21M | 23.21M | 30.77M |
| Weighted Avg Shares Out (Dil) | 59.76M | 56.50M | 56.40M | 51.94M | 51.23M | 50.97M | 50.77M | 50.14M | 49.19M | 45.86M | 45.48M | 45.43M | 45.43M | 45.45M | 45.53M | 44.30M | 38.88M | 34.71M | 31.61M | 30.79M | 23.21M | 23.21M | 30.77M |
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Ormat Technologies, Inc. (ORA) Q1 2024 Earnings Call Transcript
Ormat Technologies, Inc. (NYSE:ORA ) Q1 2024 Earnings Conference Call May 9, 2024 10:00 AM ET Company Participants Josh Carroll - Alpha IR Group, IR Doron Blachar - CEO Assaf Ginzburg - CFO Conference Call Participants Andre Adams - Oppenheimer...
Ormat (ORA) Q1 Earnings Miss Estimates, Revenues Rise Y/Y
Ormat's (ORA) first-quarter revenues of $224.2 million miss the Zacks Consensus Estimate by 0.1%. However, the top line rises 21.1% year over year.
Ormat Technologies (ORA) Lags Q1 Earnings and Revenue Estimates
Ormat Technologies (ORA) came out with quarterly earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.51 per share a year ago.
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