Digitalglobe, Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Revised Earnings Guidance for the Year 2016
For the six months, the company reported revenue of $350.9 million compared to $347.4 million a year ago. Income from operations was $46.7 million compared to $22.4 million a year ago. Income before income taxes was $36.9 million compared to $4.3 million a year ago. Net income was $20.8 million compared to $3.1 million a year ago. Net income available to common stockholders was $17.9 million compared to $1.1 million a year ago. Basic and diluted earnings per share were $0.28 compared to $0.02 a year ago. EBITDA was $182.4 million compared to $158.4 million a year ago. Adjusted EBITDA was $190.7 million compared to $161.4 million a year ago. Net cash flows provided by operating activities was $148.6 million compared to $151.9 million a year ago. CapEx, excluding capitalized interest, was $64 million for the first half of 2016.
The company revised earnings guidance for the year 2016. Revenue is expected in a range of $680 million to $705 million. Adjusted EBITDA is expected in a range of $345 million to $365 million. The company expected capital expenditures of approximately $125 million. The company continues to expect that cash interest paid will be approximately $58 million for the year.