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 Metrics

Ormat Technologies Financial Metrics

Revenue (2016)

$662.6 m

Revenue growth (2015-16), %

11%

Gross profit

$270.8 m

Gross profit margin (2016), %

41%

Net income (2016)

$101.5 m

Market capitalization (28-Apr-2017)

$2.9 b

Closing share price (28-Apr-2017)

$59.2

Cash (31-Dec-2016)

$230.2 m
Ormat Technologies's current market capitalization is $2.9 b.
Ormat Technologies's revenue was reported to be $662.6 m in FY, 2016 which is a 11% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$533.2 m$559.5 m$594.6 m$662.6 m

Revenue growth, %

5%6%11%

Cost of goods sold

$373.4 m$355.8 m$376.4 m$391.8 m

Gross profit

$159.8 m$203.8 m$218.3 m$270.8 m

Gross profit Margin, %

30%36%37%41%

EBIT

$97 m$143.5 m$164.1 m$201.9 m

EBIT margin, %

18%26%28%30%

Interest income

$1.3 m$312 k$297 k$971 k

Net Income

$42 m$55 m$123.3 m$101.5 m
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$57.4 m$40.2 m$185.9 m$230.2 m

Accounts Receivable

Inventories

$22.3 m$16.9 m$18.1 m$12 m

Current Assets

$289.3 m$273.9 m$375.1 m$472.8 m

PP&E

$1.5 b$1.4 b$1.6 b$1.6 b

Goodwill

$6.7 m

Total Assets

$2.2 b$2.1 b$2.3 b$2.5 b

Accounts Payable

$98 m$88.3 m$92 m$91.7 m

Current Liabilities

$186.3 m$205.8 m$188.5 m$189.3 m

Additional Paid-in Capital

$735.3 m$742 m$849.2 m$869.5 m

Retained Earnings

($3.1 m)$41.5 m$148.4 m$216.6 m

Total Equity

$745.1 m$786.7 m$1.1 b$1.2 b

Financial Leverage

2.9 x2.7 x2.1 x2.1 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$55 m$123.3 m$101.5 m

Depreciation and Amortization

$100.8 m$107.2 m$106 m

Accounts Receivable

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 m$190 m$159.3 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 m$43.5 m

Free Cash Flow

$364.4 m$342.5 m$311.2 m

Ormat Technologies Market Value History

Ormat Technologies Job Categories

Ormat Technologies Company Life

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