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. The company was founded in 1965 and is based in Reno, Nevada. Ormat Technologies, Inc. is a subsidiary of Ormat Industries Ltd.

Type
Public
HQ
Reno, US
Founded
1965
Size (employees)
1,180 (est)+12%
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 $662.6 m in FY, 2016 which is a 11% increase from the previous period.
USD

Revenue (FY, 2016)

662.6 m

Revenue growth (FY, 2015 - FY, 2016), %

11%

Gross profit (FY, 2016)

270.8 m

Gross profit margin (FY, 2016), %

41%

Net income (FY, 2016)

101.5 m

EBIT (FY, 2016)

201.9 m

Market capitalization (28-Jun-2017)

3 b

Closing share price (28-Jun-2017)

59.4

Cash (31-Dec-2016)

230.2 m
Ormat Technologies's current market capitalization is $3 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%

EBIT

97 m143.5 m164.1 m201.9 m

EBIT margin, %

18%26%28%30%

Interest income

1.3 m312 k297 k971 k

Net Income

42 m55 m123.3 m101.5 m
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 m91.7 m

Current Liabilities

186.3 m205.8 m188.5 m189.3 m

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
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 m311.2 m
USDY, 2016

Revenue/Employee

625.1 k

Financial Leverage

2.1 x

Ormat Technologies Market Value History

Ormat Technologies Company Life and Culture

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