ORA Q3 2024 Earnings — Ormat Technologies, Inc. Revenue & Financial Results | Market Cap Arena

ORAOrmat Technologies, Inc.

$7B

Q3 2024 Earnings

Utilities Renewable Utilities

Income Statement

Revenue

$212M+1.8% YoY

Gross Profit

$59M27.8% margin

Operating Income

$36M16.8% margin

Net Income

$22M10.4% margin

EPS (Diluted)

$0.36

QoQ Revenue Growth

-0.6%

Cash Flow

Operating Cash Flow

$106M

Free Cash Flow

-$3M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$5.6B

Total Liabilities

$3.1B

Stockholders' Equity

$2.4B

Cash & Equivalents

$88M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$212M	$208M	+1.8%
Gross Profit	$59M	$60M	-1.9%
Operating Income	$36M	$38M	-5.0%
Net Income	$22M	$35M	-37.7%

Revenue Segments

Electricity

$165M50%

Product

$163M50%

Geographic Segments

UNITED STATES

$130M61%

Non-US

$82M39%