Intelsat Management from left to right: Joseph Uglialoro, Mark Daniels, Kay Sears, Tim Carnahan and Skot Butler. Photo: Intelsat

[Via Satellite 10-31-13] Intelsat reported revenue of $651.8 million and net income attributable to Intelsat S.A. of $87.8 million, or $0.75 per share on a diluted basis, for the three months ended Sept. 30, 2013. The company also reported EBITDA, or earnings before net interest, taxes and depreciation and amortization, of $493.6 million, and Adjusted EBITDA of $508.4 million, or 78 percent of revenue, for this period.

“Intelsat’s third quarter performance was led by growth in its media and network services customer sets, said Dave McGlade, chief executive officer, Intelsat. “We are managing through two trends affecting our revenue growth and our operating expense profile. These include revenue declines due to on-going effects of the U.S. government reduced spending and budget sequestration. It also includes the impact of fiber deployments and the oversupply environment in Africa, which affects our network services business.” McGlade also took time to discuss Intelsat’s long-term ambitions. “While these issues will continue to influence near-term results, our long-term outlook remains positive as we execute on our two-phase strategy to deliver returns to equity investors: use near-term improving cash flows to de-lever our balance sheet, while positioning the company for organic growth upon the entry into service of our new Intelsat EpicNG satellites beginning in 2016, which support the growth plans for existing and future customers. During the quarter, we announced the first customer for Intelsat 33e, the second Intelsat EpicNG satellite, launching in 2016. This contributed to our strong backlog of $10.3 billion, which provides visibility into revenue and cash flow, and stability to our business.”