Endurance International Group Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Provides Earnings Guidance for the Year Ending December 31, 2017
Endurance International Group Holdings, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, revenue was $295,137,000 compared to $237,113,000 a year ago. Income from operations was $13,594,000 compared to loss from operations of $66,311,000 a year ago. Loss before income taxes and equity earnings of unconsolidated entities was $25,804,000 compared to $85,138,000 a year ago. Net loss was of $31,578,000 compared to net income of $14,081,000 a year ago. Net loss attributable to Endurance International Group Holdings, Inc. was $35,388,000 or $0.26 per diluted share compared to net income of $21,811,000 or $0.16 per diluted share a year ago. Net cash provided by operating activities was $33,675,000 compared to $11,772,000 a year ago. Purchases of property and equipment was $9,258,000 compared to $10,140,000 a year ago. Purchases of intangible assets was $33,000. Adjusted EBITDA was $80,103,000 compared to $39,282,000 a year ago. Free cash flow was $22,380,000 compared to $193,000 a year ago. Capital expenditures and capital lease obligations was $11,295,000 compared to $11,579,000 a year ago. Capital expenditures during the three months ended March 31, 2016 and 2017 includes $1.4 million and $2.0 million of principal payments under a three year capital lease for software.
For the year ending December 31, 2017, the company expects net loss of $91 million. Adjusted EBITDA is expected to be $325 million. Estimated cash flow from operations is $205 million. Free cash flow guidance is $150 million.