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Dex One Achieves Quarterly Ad Sales Guidance And Reports Third Quarter Results

Dex One Corporation (NYSE: DEXO) today announced third quarter 2011 results highlighted by strong growth in digital and bundled sales. The company affirmed its full year 2011 guidance.

“We continue to deliver on our strategic plan and position Dex One to be the one partner local business needs to successfully navigate the complicated and rapidly changing marketing landscape,” said Dex One CEO Alfred T. Mockett.

“We are working diligently to transform our business to have the best people selling a broad portfolio of marketing services through simple and effective packages. Evidence of early success includes driving double digit sales growth in both digital and bundled packages,” he concluded.

 
THIRD QUARTER RESULTS SUMMARY
       

Metric (dollars in millions)

   

Results

Net revenue     $360
Adjusted EBITDA (1)     $146
Free cash flow (1)     $78
Adjusted net debt (1)     $2,426
Bookings     $314
Year over year change in bookings     (14.0%)
Advertising sales     $269
Year over year change in advertising sales     (13.7%)




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