Endurance International Group Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Earnings Guidance for the Year Ending December 31, 2018
Endurance International Group Holdings, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, revenue was $291,356,000 compared to $295,137,000 a year ago. Income from operations was $31,402,000 compared to $13,594,000 a year ago. Loss before income taxes and equity earnings of unconsolidated entities was $4,444,000 compared to $25,804,000 a year ago. Net loss attributable to the company was $7,088,000 or $0.05 per basic and diluted share compared to $35,388,000 or $0.26 per basic and diluted share a year ago. Net cash provided by operating activities was $52,360,000 compared to $33,674,000 a year ago. Purchases of property and equipment were $5,254,000 compared to $9,258,000 a year ago. Purchases of intangible assets were nil compared with $33,000 a year ago. Adjusted EBITDA was $86,226,000 compared to $80,103,000 a year ago. Capital expenditures and capital lease obligations was $7,484,000 compared to $11,295,000 a year ago. Total net debt at the end of the period was $1.863 billion.
For the year ending December 31, 2018, the company expects GAAP revenue between $1.140 billion to $1.160 billion, adjusted EBITDA of $310 million to $330 million and free cash flow of approximately $120 million before payment of potential settlement of pending legal proceedings. The company expects CapEx of approximately $55 million to $60 million in 2018.