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Windstream Holdings, Inc. Message Board

  • bluecheese4u bluecheese4u Feb 19, 2013 8:31 AM Flag

    Windstream reports fourth-quarter results, reaffirms commitment to $1 annual dividend

    Windstream reports fourth-quarter results, reaffirms commitment to $1 annual dividend

    •Business service revenues were $917 million, a 3 percent increase year-over-year
    •Consumer broadband service revenues were $116 million, a 5 percent increase year-over-year
    •Total business and consumer broadband revenues now represent 70 percent of total revenues
    •Total revenues and sales were $1.54 billion, a decline of 2 percent year-over-year
    •Adjusted OIBDA was $619 million, an increase of 2 percent year-over-year

    Feb 19, 2013
    LITTLE ROCK, Ark. – Windstream Corp. (Nasdaq: WIN) grew total business and consumer broadband revenues while delivering improved profitability in the fourth quarter. Total business and consumer broadband revenues now represent 70 percent of the company’s total revenues.

    4Q Investor Highlights

    “Windstream continues to produce substantial free cash flow that enables us to invest in our business and reduce our debt while continuing to pay our $1 annual dividend,” said Jeff Gardner, president and CEO. “Our management team and the board of directors unanimously support continuing the dividend at its current rate because we believe it is the best way to create value for our shareholders.

    “We made significant progress on key initiatives in 2012 that will further strengthen our business going forward. I am particularly proud of our team’s accomplishments in navigating the multi-year impact of regulatory reform and evolving consumer preferences while maintaining solid operating cash flow.”

    newsDOTwindstreamDOTcom/article_display.cfm?article_id=1457

    4Q Investor Highlights

    newsDOTwindstreamDOTcom/images/20012/4Q12Overview.pdf

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    • I haven't gone through the financials but the headline report certainly looks pretty good. Nice gain in consumer broadband and if they can continue that type of growth through the year we'll be in good shape.

      And as I expected they openly supported the dividend. I was a little concerned that there would be the temptation to "follow", but given the fallout I think recent actions only re-inforce with management that they need to do everything possible to support the dividend at its current level.

 
WIN
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