Gilat Satellite Networks Ltd. (NASDAQ:GILT) Q4 2018 Earnings Conference Call Transcript

Feb 12, 2019 • 09:30 am ET

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Gilat Satellite Networks Ltd. (NASDAQ:GILT) Q4 2018 Earnings Conference Call Transcript

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Presentation
Executive
Adi Sfadia

declare a cash dividend of $25 million or approximately $0.45 per share subject to final determination that the Company meets the criteria set out in the Israeli Companies Law. Under the Israeli Companies Law, such dividend will be based on an audited financial statement to be issued in March 2019.

As Yona mentioned, our management objective for 2019 are revenues of between $275 million to $295 million. Excluding expected terrestrial infrastructure construction revenues in (technical difficulty) Peru of approximately 11% from our comparable 2018 results. We expect GAAP operating income of between $23 million to $27 million and non-GAAP operating income of between $27 million to $31 million. We expect adjusted EBITDA to be between $38 million to $42 million representing an adjusted EBITDA increase of between 8% to 19% year-over-year.

In closing, we have concluded another very good year at Gilat. We are focused on increasing our profitability year-over-year. We have a strong balance sheet with cash and equivalent of approximately $104 million which gives the Company the flexibility to make the right decisions needed to support the execution of our strategy.

In 2019, we will continue to focus on bottom-line profitability and continued growth in our adjusted EBITDA. That conclude our review. Thank you for your attention.

I would like now to open the call for questions. Operator, please?