This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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 Reports Fourth Quarter And Full Year 2012 Performance

Dex One Corporation (NYSE: DEXO) today announced fourth quarter and full year 2012 results in line with previously provided guidance.

The quarter and year were highlighted by digital bookings growth of 29 percent and 34 percent, respectively.

Ad sales for the quarter and year declined 14 percent, in line with guidance. Quarterly bookings and revenue declined 13 percent and 14 percent, while annual bookings and revenue declined 13 percent and 12 percent.

“Dex One continued to deliver in 2012, as we met all stated guidance objectives,” said Dex One CEO Alfred Mockett. “Our team found a way to achieve our business goals despite the continuing pressure on our print business. We have stemmed the rate of ad sales decline, thanks in large part to our bundled sales strategy, and are aggressively selling bundles across our business.”

“Since early 2010, Dex One has retired $1.9 billion in debt and we have consistently met our financial obligations,” said Dex One CFO Greg Freiberg. “Concurrently, we have built a digital business with growth exceeding industry averages.”

2012 PERFORMANCE

(dollars in millions)

Metric

   

4Q 2012

   

FY 2012

     

Results

Year over year change in bookings            

Total

    (13%)     (13%)
Digital     29%     34%
Print     (23%)     (23%)
             
Year over year change in advertising sales     (14%)     (14%)
             
Net revenue     $301     $1,300
Adjusted EBITDA (1)     $133     $561
Adjusted EBITDA margin (1)     44%     43%
Adjusted free cash flow (1)     $88     $335
Adjusted net debt (1)     $1,874     $1,874
       

2012 GUIDANCE

(dollars in millions)

2012 Metric

   

Guidance (2)

 

FY 2012 Results

Fourth quarter year over year change in net advertising sales     (13%) to (14%)   (14%)
           
Full year net revenue     $1,275 - $1,300   $1,300
Full year adjusted EBITDA (1,2)     $535 - $565   $561
Full year adjusted free cash flow (1,2)     $320 - $350   $335
     




1 of 4

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!
SYM TRADE IT LAST %CHG

Markets

DOW 18,145.45 -143.18 -0.78%
S&P 500 2,101.29 -16.10 -0.76%
NASDAQ 4,961.92 -46.1760 -0.92%

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