Windstream Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Earnings Guidance for the Full Year of 2019
August 09, 2018 at 04:30 pm IST
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Windstream Holdings, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported total revenues and sales was $1,444.4 million against $1,491.6 million a year ago. Operating income was $88.3 million against $102.5 million a year ago. Loss before income taxes was $124.1 million against $107.7 million a year ago. Net loss was $93.7 million against $68.1 million a year ago. Basic and diluted loss per share was $2.3 against $1.83 a year ago. Adjusted OIBDAR was $507.4 million against $500.5 million a year ago. Adjusted capital expenditures were $180.6 million against $231.7 million a year ago. Net cash provided from operating activities was $300.4 against $221.2 a year ago. Additions to property, plant and equipment was $188.7 million against $264.4 million a year ago. Adjusted capital expenditures were $180.6 million.
For the six months, the company reported total revenues and sales was $2,898.7 million against $2,857.3 million a year ago. Operating income was $157.3 million against $146.6 million a year ago. Loss before income taxes was $280.5 million against $276 million a year ago. Net loss was $215.1 million against $179.4 million a year ago. Basic and diluted loss per share was $5.51 against $5.75 a year ago. Adjusted OIBDAR was $1,007.1 million against $999.1 million a year ago. Adjusted capital expenditures were $388.3 million against $388.3 million a year ago. Net cash provided from operating activities was $539.7 against $374.9 a year ago. Additions to property, plant and equipment was $406.3 million against $507.8 million a year ago. Adjusted capital expenditures were $388.3 million.
The company is maintaining service revenue, adjusted OIBDAR and adjusted CapEx guidance for the full year 2019. Also the company is revising adjusted free cash flow guidance due to approximately $20 million of accrued interest that will be pulled forward due to recent debt exchanges. However, due to improved working capital trends, operational free cash flow expectations for the full year remain unchanged. Finally, the company continues to expect absolute growth in adjusted OIBDAR in 2019.
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. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Earnings Guidance for the Full Year of 2019
WINDSTREAM HOLDINGS, INC. 
