Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Iridium Communications Inc (IRDM)
NASDAQ:IRDM
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 17, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.22Last Year’s EPS
0.16Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: 17.82%
|Next Earnings Date:Apr 17, 2025
Earnings Call Sentiment|Positive
Iridium's earnings call reflected a generally positive outlook for the company, with strong free cash flow, strategic shareholder returns, and growth in service revenue and partnerships. However, challenges persist in the IoT subscriber base and broadband revenue segments. The company's ongoing investments and market expansions are expected to mitigate these issues moving forward.Company Guidance
In the fourth quarter of 2024, Iridium Communications exceeded expectations by generating over $300 million in pro forma free cash flow for the year, surpassing its operational EBITDA projections. The company returned approximately $140 million to shareholders through dividends and an expanded share repurchase program, retiring nearly 14 million shares for the year. Looking forward, Iridium anticipates service revenue growth of 5% to 7% in 2025 and projects operational EBITDA between $490 million and $500 million. The company plans to generate $302 million in pro forma free cash flow in 2025, with a conversion rate of OEBITDA to free cash flow at 61%. These financial metrics underscore Iridium's strong market position, robust cash flow, and commitment to returning capital to shareholders.Strong Free Cash Flow and Shareholder Returns
Iridium generated more than $300 million in pro forma free cash flow for 2024, exceeding projections. The company returned approximately $140 million to shareholders in Q4 alone through dividends and share repurchases, retiring close to 14 million shares in 2024.
Service Revenue and OEBITDA Growth
Service revenue grew by 5% in 2024, and operational EBITDA exceeded projections for the year, indicating a strong financial performance despite challenges.
Expansion in Global Partnerships and New Product Launches
Iridium onboarded over 30 new partners and certified more than 60 new partner applications in 2024. The company also introduced Iridium Certus IoT and other products, enhancing its market offerings.
Aireon's Growth and Market Expansion
Aireon, partially owned by Iridium, expanded its aviation surveillance leadership, covering over half the world’s airspace and signing agreements with major companies like Airbus and Boeing.
---
IRDM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
IRDM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $27.72 | $31.99 | +15.40% |
| Oct 17, 2024 | $30.06 | $33.41 | +11.14% |
| Jul 23, 2024 | $25.66 | $27.52 | +7.25% |
| Apr 18, 2024 | $24.34 | $25.67 | +5.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Iridium Communications Inc (IRDM) report earnings?
Iridium Communications Inc (IRDM) is schdueled to report earning on Apr 17, 2025, TBA Not Confirmed.
What is Iridium Communications Inc (IRDM) earnings time?
Iridium Communications Inc (IRDM) earnings time is at Apr 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IRDM EPS forecast?
IRDM EPS forecast for the fiscal quarter 2025 (Q1) is 0.22.
---