Intelsat S.A. reported revenue of $652.9 million and a net loss of $0.4 million for the three months ended September 30, 2011. Included in the quarterly results were a $20.2 million pre-tax non-recurring charge from a loss on previously unconsolidated affiliates and a $42.7 million income tax benefit, largely attributable to non-recurring items.
The company also reported Intelsat S.A. EBITDA, or earnings before net interest, loss on early extinguishment of debt, taxes and depreciation and amortization of $466.5 million, and Intelsat S.A. Adjusted EBITDA of $502.1 million, or 77 percent of revenue, for the three months ended September 30, 2011.
“Intelsat delivered steady results in the third quarter, supported by the visibility provided by our $10.7 billion contracted backlog. Several trends influenced our results in the third quarter, as in recent periods, including strength in our government business and solid performance from our media business. Our overall business activity is strong, and we are achieving success in obtaining long-term commitments from blue chip customers for capacity in the fastest growing markets, such as our recently announced services agreement with DIRECTV Latin America. This contract builds quality backlog and adds two new satellite programs for the attractive Latin America region,” said Intelsat CEO David McGlade.
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