RRsat reports record Q2 earnings

Israel-based RRSat Global Communications Network Ltd., which trades on Nasdaq at RRST, reported that Q2 revenues were up 42.6% to a record 14.7 million. Adjusted EBITDA rose 27.4% to 4.0 million. Adjusted net income grew 37% to 2.7 million, for EPS of 16 cents. CEO David Rivel reported the highest order backlog in the company’s history and he said the company has identified several potential acquisition targets in the US. RRSat is a provider of comprehensive content management and global distribution services to the television and radio broadcasting industries.

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