Ormat Technologies

Ormat Technologies, Inc. engages in the geothermal and recovered energy power business worldwide. The Company operates in two segments, Electricity and Product. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy-based power plants; and sells electricity. The Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation, including fossil fuel powered turbo-generators and heavy duty direct-current generators. It also provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy-based power plants. This segment serves contractors; and owners and operators of geothermal power plants, interstate natural gas pipelines, gas processing plants, and cement plants, as well as companies in other energy-intensive industrial processes. Ormat Technologies, Inc. is a subsidiary of Ormat Industries Ltd.

Company Growth (employees)
Type
Public
HQ
Reno, US
Founded
1965
Size (employees)
1,180 (est)
Website
ormat.com
Ormat Technologies was founded in 1965 and is headquartered in Reno, US

Ormat Technologies Office Locations

Ormat Technologies has an office in Reno
Reno, US (HQ)
6225 Neil Rd

Ormat Technologies Data and Metrics

Ormat Technologies Financial Metrics

Ormat Technologies's revenue was reported to be $190 b in Q1, 2017
USD

Revenue (Q1, 2017)

190 b

Gross profit (Q1, 2017)

75 b

Gross profit margin (Q1, 2017), %

39%

Net income (Q1, 2017)

39.7 b

EBIT (Q1, 2017)

59.5 b

Market capitalization (15-Aug-2017)

2.9 b

Cash (31-Mar-2017)

174.1 m
Ormat Technologies's current market capitalization is $2.9 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

533.2 m559.5 m594.6 m662.6 m

Revenue growth, %

5%6%11%

Cost of goods sold

373.4 m355.8 m376.4 m391.8 m

Gross profit

159.8 m203.8 m218.3 m270.8 m

Gross profit Margin, %

30%36%37%41%

R&D expense

2.8 m

General and administrative expense

46.7 m

Operating expense total

49.5 m

EBIT

97 m143.5 m164.1 m201.9 m

EBIT margin, %

18%26%28%30%

Interest expense

73.8 m84.7 m72.6 m67.4 m

Interest income

1.3 m312 k297 k971 k

Income tax expense

(13.6 m)(27.6 m)15.3 m(31.8 m)

Net Income

42 m55 m123.3 m101.5 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

127.6 m140.2 m120.2 m140.5 m162.9 m151.6 m160 b185 b190 b

Cost of goods sold

87.6 m84.8 m76.2 m89.7 m103.5 m87.7 m94.1 b110 b115 b

Gross profit

40 m55.5 m44 m50.8 m59.3 m63.9 m65.9 b75 b75 b

Gross profit Margin, %

31%40%37%36%36%42%41%41%39%

R&D expense

232 k250 k363 k414 k335 k349 k595 m1.1 b602 m

General and administrative expense

6.1 m7.2 m10.2 m7.4 m8 m8.7 m8.8 b19.1 b9.9 b

Operating expense total

6.3 m7.4 m10.6 m7.9 m8.3 m9.1 m9.4 b20.2 b10.6 b

EBIT

22.3 m43.8 m29.9 m38.6 m46.5 m50.5 m51.9 b48.2 b59.5 b

EBIT margin, %

17%31%25%28%29%33%32%26%31%

Interest expense

(22.1 m)(22.5 m)(17.8 m)(18.9 m)(17.7 m)(16 m)(18.4 b)(17.1 b)(14.9 b)

Interest income

90 k35 k9 k44 k53 k320 k245 m266 m244 m

Income tax expense

(5 m)(6.4 m)(5.5 m)(6.1 m)38.2 m(9.5 m)(7.9 b)(12 b)(10.9 b)

Net Income

9.3 m16.8 m10.3 m15.3 m73.7 m30.9 m24.9 b14.4 b39.7 b
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

57.4 m40.2 m185.9 m230.2 m

Inventories

22.3 m16.9 m18.1 m12 m

Current Assets

289.3 m273.9 m375.1 m472.8 m

PP&E

1.5 b1.4 b1.6 b1.6 b

Goodwill

6.7 m

Total Assets

2.2 b2.1 b2.3 b2.5 b

Accounts Payable

98 m88.3 m92 m80.8 m

Current Liabilities

186.3 m205.8 m188.5 m189.3 m

Total Liabilities

1.3 b

Additional Paid-in Capital

735.3 m742 m849.2 m869.5 m

Retained Earnings

(3.1 m)41.5 m148.4 m216.6 m

Total Equity

745.1 m786.7 m1.1 b1.2 b

Financial Leverage

2.9 x2.7 x2.1 x2.1 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

80.1 m42.5 m70.7 m137.7 m171.5 m148.5 m192.6 m90.1 m174.1 m

Inventories

18.3 m17.3 m17.3 m16.4 m16.6 m16.8 m16.7 m13 m17.8 m

Current Assets

306.8 m327.4 m307.1 m369.5 m370.7 m379.6 m380.2 m309.4 m428.7 m

PP&E

1.5 b1.5 b1.5 b1.5 b1.6 b1.6 b1.6 b1.6 b1.5 b

Goodwill

7.1 m19.7 m

Total Assets

2.1 b2.2 b2.2 b2.3 b2.3 b2.3 b2.3 b2.3 b2.5 b

Accounts Payable

78.8 m75.2 m56.3 m58.1 m52.3 m76.5 m59 m65.2 m68.9 m

Current Liabilities

226 m197 m244.9 m217.4 m180.7 m185 m193.1 m201.9 m207.5 m

Additional Paid-in Capital

738.8 m740.7 m771.6 m845.2 m847 m854.3 m856.8 m859.9 m871.2 m

Retained Earnings

22.6 m36.8 m47.7 m59.2 m128.4 m162.2 m183 m191.6 m243.5 m

Total Equity

770.6 m783.5 m819.2 m993.8 m1.1 b1.1 b1.1 b1.1 b1.2 b

Financial Leverage

2.8 x2.8 x2.7 x2.3 x2.2 x2.1 x2 x2 x2.1 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

55 m123.3 m101.5 m

Depreciation and Amortization

100.8 m107.2 m106 m

Inventories

5.4 m(1.1 m)6.3 m

Accounts Payable

(9.6 m)(339 k)(1.4 m)

Cash From Operating Activities

(9.3 m)213.2 m190 m159.3 m

Capital Expenditures

(151.2 m)(152.5 m)(151.9 m)

Cash From Investing Activities

(129.2 m)(91 m)(158.5 m)

Long-term Borrowings

(111.2 m)(71.7 m)(62.1 m)

Dividends Paid

(9.6 m)(12.7 m)(25.7 m)

Cash From Financing Activities

(101.2 m)46.6 m43.5 m

Free Cash Flow

364.4 m342.5 m7.4 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

9.3 m16.8 m10.3 m15.3 m73.7 m30.9 m24.9 b14.4 b39.7 b

Inventories

18.3 m17.3 m17.3 m16.4 m16.6 m16.8 m16.7 m13 m17.8 m

Accounts Payable

79.8 m78.4 m83.7 m98.5 m85.2 m82.5 m87.5 m102.9 m95.5 m
USDY, 2017

Revenue/Employee

161 m

Financial Leverage

2.1 x

Ormat Technologies Market Value History

Traffic Overview of Ormat Technologies

Ormat Technologies Company Life and Culture

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