Iridium Communications 2025 Outlook: Expects Revenue Growth Of 5%-7% YoY; Sees OEBITDA Between $490M -$500M And Net Leverage Below 4.0x Through 2026
Benzinga
13 Feb
2025 and Longer-Term Outlook
The Company issued its full-year 2025 outlook and reaffirmed its long-term guidance on cash taxes and net leverage:
Total service revenue growth between 5% and 7% for full-year 2025. Total service revenue for 2024 was $614.9 million.
Full-year 2025 OEBITDA between $490 million and $500 million. OEBITDA for 2024 was $470.6 million.
Cash taxes of less than $10 million per year through 2026. We expect that the longer-term cash tax rate will move closer to the statutory rate in 2028.
Net leverage below 4.0 times OEBITDA through 2026 and falling below 2.0 times OEBITDA by the end of the decade, assuming ongoing execution of the Company's share repurchase authorization and the payment of expected quarterly dividends. Net leverage was 3.6 times OEBITDA at December 31, 2024.
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