Iridium reports Q1 EPS 27c vs. 16c last year

Reports Q1 revenue $214.9M, consensus $211.82M. Total billable subscribers grew 5% year-over-year, led by growth in commercial IoT. “Demand for Iridium’s (IRDM) mission-critical applications continued to drive revenue growth and support share buybacks,” said Matt Desch, CEO. “With new tariffs and U.S. trade policies still in flux, we expect to incur incremental equipment costs this year. Regardless, we continue to feel good about Iridium’s prospects for growth and ability to return capital to shareholders.”