Telesat Shares Surge After Earnings Surprise, 2024 Guidance Remains Strong
Telesat Shares Surge After Earnings Surprise, 2024 Guidance Remains Strong
Telesat (NASDAQ:TSAT) shares are rising following the company's stronger-than-expected second-quarter 2024 results.
Telesat（納斯達克：TSAT）的股票價格正在上漲，因爲該公司公佈了2024年第二季度比預期強勁的業績。
Telesat reported a consolidated revenue decline of 15.2% year-over-year to C$152.44 million, beating the consensus estimate of C$141.15 million. The revenue decrease was due to reduced services and lower rates on a renewed agreement with a North American TV customer.
Telesat報告稱，從去年同期的C$1,521.4萬下降了15.2%的營收，超過了C$1,411.5萬的共識估計。由於服務減少和與北美電視客戶續約的利率降低，營收下降了。
Quarterly operating income was C$61.66 million, down from C$422.973 million, with a margin of 40.5%.
季度營業收入爲C$6,166萬，下降了C$42,297.3萬，利潤率爲40.5%。
EPS was C$2.45, down from C$10.05 year-over-year, but above the consensus estimate of C$1.71.
每股收益爲C$2.45，低於去年同期的C$10.05，但高於C$1.71的共識估計。
Telesat's net income for the quarter was C$129 million, down from C$519 million last year, mainly due to C-band clearing income in 2023 and losses from foreign exchange rate changes on U.S. dollar-denominated debt.
Telesat本季度的淨利潤爲C$12900萬，低於去年的C$51900萬，主要由於2023年C波段清理收入以及美元計價債務外匯匯率變化造成的損失。
Adjusted EBITDA declined 25.5% year-over-year to C$103.303 million, with the margin contracting by 936 basis points to 67.8%.
調整後的EBITDA同比下降25.5%，至C$1,0330.3萬，利潤率收縮了936個點子至67.8%。
Net cash provided by operating activities for the six months ended June 30 totaled C$66.40 million, down from C$102.349 million.
截至6月30日的六個月內，經營活動淨現金流爲C$6640萬，低於C$10234.9萬。
"We remain on track to meet our 2024 guidance and, as a result of our continued disciplined execution, delivered industry-leading Adjusted EBITDA margins, high capacity utilization, a substantial contractual backlog of C$1.1 billion, and a cash balance of C$1.4 billion," said Dan Goldberg, Telesat's President and CEO.
Telesat的總裁兼首席執行官丹·戈德伯格（Dan Goldberg）表示：「我們仍在按計劃實現2024年指引，並由於我們持續的紀律性執行，在行業領先的調整後的EBITDA利潤率、高容量利用率、C$1.1億的實質性合同積壓和C$1.4億的資金餘額方面獲得了成功。」
"Our focus this year remains twofold. First, in our geostationary activities, we aim to maximize our Adjusted EBITDA and cash flow by mitigating anticipated revenue declines and rigorously managing our legacy cost structure. Second, we are moving forward expeditiously with the implementation and deployment of Telesat Lightspeed as we finalize the definitive documentation for the Government of Canada and Government of Quebec funding for the program," added Goldberg.
戈德伯格補充道：「我們今年的重點仍是雙重的。首先，在我們的地球同步軌道活動中，我們的目標是通過緩解預計的收入下降和嚴格管理我們的傳統成本結構來最大化我們的調整後的EBITDA和現金流。其次，我們正在迅速推進Telesat Lightspeed的實施和部署，因爲我們正在爲該計劃的加拿大政府和魁北克政府資金最後文本文件進行最終的核準。」
2024 Outlook: Telesat expects revenues to be between C$545 million and C$565 million versus C$562 million; Adjusted EBITDA is expected to be between C$340 million and C$360 million.
2024年展望：Telesat預計收入將在C$5,4500萬到C$5,6500萬之間，預計調整後的EBITDA將在C$3,4000萬至C$3,6000萬之間。
The company anticipates cash flows used in investing activities to be in the range of C$1 billion to C$1.4 billion, nearly all related to expected Telesat Lightspeed capital expenditures.
該公司預計，在C$10億至C$14億的範圍內投入用於投資活動的現金流，幾乎全部與預期的Telesat Lightspeed資本支出有關。
Price Action: TSAT shares are trading higher by 8.48% at $9.08 at last check on Wednesday.
週三最後一次檢查時，TSAT的股票價格上漲了8.48%，至9.08美元。
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譯文內容由第三人軟體翻譯。