Last $30.01 USD
Change Today +0.58 / 1.97%
Volume 903.5K
As of 8:04 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

digitalglobe inc (DGI) Key Developments

DigitalGlobe, Inc. Presents at Barclays Select Series 2014: SMID Cap Conference, Nov-12-2014

DigitalGlobe, Inc. Presents at Barclays Select Series 2014: SMID Cap Conference, Nov-12-2014 . Venue: Barclays headquarters, 745 Seventh Avenue, New York, NY 10019, United States.

DigitalGlobe, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter Ended and Nine Months September 30, 2014; Provides Financial Guidance for the Fourth Quarter and Full Year of 2014

DigitalGlobe, Inc. reported unaudited consolidated earnings results for the third quarter ended and nine months September 30, 2014. Net income for the third quarter was $0.9 million, with a net loss available to common shareholders of $0.1 million or $0.00 per diluted share. In the third quarter 2013, the company reported a net loss of $1.8 million, with a net loss available to common shareholders of $2.8 million or a loss of $0.04 per diluted share. EBITDA was $58.0 million with an EBITDA margin of 37.5%, an increase of 440 basis points compared with EBITDA of $54.5 million in third quarter 2013, and an associated margin of 33.1%. Adjusted EBITDA was $61.5 million compared with adjusted EBITDA of $65.6 million in third quarter 2013, also with an associated margin of 39.8%. Adjusted EBITDA excludes the impact of restructuring, integration and other costs. Revenues were $154.6 million against $164.8 million a year ago. Income from operations was $0.2 million against loss of $5.0 million a year ago. Income before income taxes was $0.3 million against loss of $5.6 million a year ago. Revenue was down 6% year-over-year, due almost entirely to a difficult comparison against one-time revenue related to Global-EGD and last year's third quarter. Free cash flow in the quarter was negative $40.4 million. The primary use of cash in the quarter related to significant CapEx spending of $89 million, principally to launch and insure WorldView-3. This CapEx spending included $21 million of capitalized interest payments. For the nine-month period, the company reported revenues of $468.9 million against $443.0 million a year ago. Income from operations was $5.0 million against loss of $99.5 million a year ago. Income before income taxes was $5.2 million against loss of $120.3 million a year ago. Net income available to common stockholders was $3.2 million or $0.04 diluted per share against loss of $86.0 million or $1.21 diluted per share a year ago. EBITDA was $178.1 million against $48.9 million a year ago. Adjusted EBITDA was $193.3 million against $147.4 million a year ago. Net cash flows provided by operating activities were $148.6 million against $75.9 million a year ago. Construction in progress additions was $193.9 million against $198.9 million a year ago. For 2014, the company now expects to report revenue in a range of $640 million to $660 million. The company continues to expect to achieve a full-year adjusted EBITDA margin of approximately 43% with a fourth quarter 2014 adjusted EBITDA margin of approximately 50% at the mid-point of the company's annual revenue guidance. The company also expects 2014 capital expenditures of approximately $185 million, due to a reduction in projected year-end payables related to satellite construction projects. While the company expects in-year capital spend to be consistent with its previously communicated amount of $170 million, it expects the cash payments for CapEx will be approximately $15 million higher as it is paying down its accrued capital balances faster than originally expected. Annual free cash flow number will be lower than previously anticipated. This is principally due to the timing of U.S. government payments. The company expects to achieve free cash flow as a percentage of revenue, or free cash flow margin, in the fourth quarter of 2014 of at least 20% at the midpoint of its revenue guidance. As a result of WorldView-3 starting operations on October 1, the company expects depreciation will increase to approximately $75 million in the fourth quarter of 2014.

DigitalGlobe, Inc. to Report Q3, 2014 Results on Oct 30, 2014

DigitalGlobe, Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Daylight on Oct 30, 2014

DigitalGlobe, Inc., Q3 2014 Earnings Call, Oct 30, 2014

DigitalGlobe, Inc., Q3 2014 Earnings Call, Oct 30, 2014

DigitalGlobe Announces Executive Changes

DigitalGlobe announced that Fred Graffam will become Interim Chief Financial Officer for the company, effective Sept. 3, 2014. He assumes responsibility for financial operations as the company continues its search for a successor to departing CFO, Yancey L. Spruill. Graffam has served as the company's Vice President of Financial Planning & Analysis since July 2013. Prior to joining DigitalGlobe, Graffam served as Senior VP of Finance - North America and Asia Pacific for Level 3 Communications from 2012 to July 2013. In this role, Graffam led all financial operations for Level 3's North America region with a particular focus on supporting growth and value creation for the business. Before serving at Level 3, Graffam spent 17 years with Comcast Corporation, serving as Senior VP of Comcast's Beltway Region from 2008 to 2011 and as Senior VP-Finance, West Division from 2002 to 2008. The transition of CFO responsibilities from Spruill to Graffam will be effective immediately, as Spruill departs to begin a new job outside DigitalGlobe.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
DGI:US $30.01 USD +0.58

DGI Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Ducommun Inc $24.44 USD -0.25
ICF International Inc $40.81 USD -0.87
Kratos Defense & Security Solutions Inc $5.05 USD +0.17
TomTom NV €5.36 EUR -0.068
Yelp Inc $54.59 USD +2.10
View Industry Companies
 

Industry Analysis

DGI

Industry Average

Valuation DGI Industry Range
Price/Earnings 100.0x
Price/Sales 3.5x
Price/Book 1.6x
Price/Cash Flow 8.9x
TEV/Sales 1.5x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact DIGITALGLOBE INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.