Windstream Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Three Months and Nine Months Ended September 30, 2017; Reaffirms Financial Guidance for the Full-Year of 2017
November 09, 2017 at 07:00 am
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Windstream Holdings, Inc. reported unaudited consolidated earnings results for the three months and nine months ended September 30, 2017. For the quarter, the company reported total revenues and sales of $1,497.7 million against $1,344.9 million a year ago. Operating income was $43.0 million against $129.4 million a year ago. Loss before income taxes was $168.3 against $108.6 million a year ago. Net loss was $101.5 million or $0.55 per share basic and diluted against $0.72 million or $0.08 per share basic and diluted a year ago. Net cash provided from operating activities was $271.7 million against $197.6 million a year ago. Additions to property and equipment were $216.4 million against $243.1 million a year ago. Adjusted revenues and sales was $1,497.7 million against $1,586.4 million a year ago. Adjusted Capital expenditures were $205.2 million against $213.6 million a year ago. Adjusted OIBDA was $326.8 million against $351.8 million a year ago. Adjusted OIBDAR was $490.1 million against $515.1 million a year ago.
For the nine months, the company reported total revenues and sales of $4,355.0 million against $4,077.9 million a year ago. Operating income was $195.8 million against $441.7 million a year ago. Loss before income taxes was $444.3 against $381.4 million a year ago. Net loss was $280.9 million or $1.70 per share basic and diluted against $296.6 million or $3.19 per share basic and diluted a year ago. Net cash provided from operating activities was $625.4 million against $622.1 million a year ago. Additions to property, plant and equipment was $724.2 million against $753.4 million a year ago. Adjusted revenues and sales was $4,504.5 million against $4,824.4 million a year ago. Adjusted capital expenditures were $667.4 million against $688.5 million a year ago. Adjusted OIBDA was $998.7 million against $1,109.5 million a year ago. Adjusted OIBDAR was $1,488.8 million against $1,599.7 million a year ago.
The company reaffirmed its previously provided full-year financial guidance for 2017. The company expects service revenue trends similar to 2016 trends and adjusted OIBDAR between $2.02 billion and $2.04 billion. The company expects adjusted capital expenditures between $790 million and $840 million.
Windstream Holdings, Inc. is a United States-based company which is engaged in providing advanced network communications and technology solutions for consumers, businesses, enterprise organizations and wholesale customers in the United States. The Company also provides data, cloud solutions, unified communications and managed services to small business and enterprise clients. The Company operates through four segments: ILEC consumer & small business, which offers consumer services, such as high-speed Internet, traditional voice and video services, and broadband services; wholesale segment, which provides 100 Gbps bandwidth and transport services to wholesale customers, including telecom companies, content providers, and cable and other network operators; enterprise, which offers network and communication services to enterprise customers, and CLEC consumer and Small Business, which offers integrated voice and data services, advanced data and traditional voice and long-distance services.
Windstream Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Three Months and Nine Months Ended September 30, 2017; Reaffirms Financial Guidance for the Full-Year of 2017
WINDSTREAM HOLDINGS, INC. 
