Orbital Sciences reports 9 percent increase in revenues
- October 18, 2012
Orbital Sciences Corp. (ORB), Dulles : Third quarter results
THE TAKE: Orbital Sciences Corp. reported a 9 percent increase in revenues during the third quarter, mostly from an increase in revenues in its launch vehicles segment. That segment, along with its advanced space program segment, benefited from increased production work on its Commercial Resupply Services contract with NASA. Orbital has a $1.9 billion contract with NASA to resupply the international space station.
Revenue: $372.9 million for the third quarter, up from $342.2 million during the third quarter of 2011
Net income: $19.5 million, up from $16.5 million during third quarter 2011
Diluted earnings per share: 33 cents per share, up from 28 cents per share
The company’s take: David W. Thompson, Orbital’s chairman and CEO: “The company’s third quarter 2012 financial results set new records for revenues and operating income for a second consecutive quarter. This quarter’s financial results reflected strong growth in revenues, particularly for the launch vehicles segment, which grew by more than 20 percent, as well as increased operating income in all three business segments.”