This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Dex One Posts Second Quarter Performance

Dex One Corporation (NYSE: DEXO) today announced second quarter 2012 results highlighted by strong digital sales performance. The company re-affirmed guidance and narrowed the ranges for net revenue ($1,250-$1,300 million), Adjusted EBITDA ($525-$575 million) and Free Cash Flow ($310-$360 million).

Ad sales for the quarter were one point better than expected at minus 12 percent compared to the previously provided guidance. Although quarterly bookings declined 13 percent, digital bookings increased 53 percent. The company’s revenue decline slowed to 11 percent.

The company expects digital bookings growth rates will continue well in excess of 30 percent for the balance of the year. In the quarter, bundles represented 58 percent of total bookings and are on track to generate more than half of all bookings by year end.

“We remain focused on transforming Dex One into a leading marketing services company,” said Alfred Mockett, Dex One CEO. “Our performance in the quarter demonstrates our efforts are paying off.”

During the second quarter the company used $110 million of cash to retire approximately $181 million of outstanding debt, remaining on track to retire at least $525 million of debt by year end.

“The successful execution of our debt retirement and great support from lenders as part of the buyback was a critical component of our strategy,” said Dex One CFO Greg Freiberg. “We will continue to reduce costs, while making targeted investments to drive digital growth.”


(dollars in millions)





Year over year change in bookings    


Digital   53%
Print   (24%)
Year over year change in advertising sales   (12%)
Net revenue   $334
Adjusted EBITDA (1)   $141
Adjusted EBITDA margin (1)   42%
Free cash flow (1)   $79
Adjusted net debt (1)   $2,033

1 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs