Manufacturing Commitments News

Intelsat Reports Second Quarter 2013 Results

Satellite service provider Intelsat S.A. published its second quarter results for 2013. The company reported revenue of $653.8 million and a net loss attributable to Intelsat S.A. of $408.3 million, or $4.19 per share, for the three months ended June 30, 2013. The net loss includes $366.8 million for pre-tax charges related to early extinguishment of debt resulting from debt paydowns resulting from the company's April 2013 initial public offering and debt refinancing activity in the second quarter. The company also reported EBITDA1 , or earnings before net interest, taxes and depreciation and amortization, of $439.2 million, and Adjusted EBITDA1 of $509.4 million, or 78% of revenue, for the three months ended June 30, 2013.