OMAHA, Neb., April 25, 2013 (GLOBE NEWSWIRE) -- West Corporation (Nasdaq:WSTC), a leading provider of technology-driven communication services, today announced its first quarter 2013 results.
|Financial Summary (unaudited)||Three Months Ended March 31,|
|Dollars in millions, except per share amounts||2013||2012||Change|
|Adjusted Operating Income 1||138.4||130.3||6.3%|
|Free Cash Flow 1,2||65.1||57.6||13.1%|
|Cash Flows from Operations||98.7||91.7||7.6%|
|Adjusted EBITDA 1||170.1||161.8||5.2%|
|Adjusted Net Income 1||44.5||45.8||-2.8%|
|Pro Forma Adjusted Net Income 1,3||58.1||NM||NM|
|Adjusted Earnings per Share – Diluted||0.68||NM||NM|
|Pro Forma Adjusted EPS – Diluted 1,3||0.68||NM||NM|
|Earnings per Share - Diluted||.05||.54||-90.7%|
|Net Cash Flows used in Investing||(34.0)||(110.7)||-69.3%|
|Net Cash Flows from Financing||409.6||20.3||NM|
"West Corporation started 2013 on a positive note, re-entering the public equity markets and delivering growth in consolidated revenue, platform-based revenue, adjusted operating income and adjusted EBITDA. With our stable operating model and healthy margins, we generated strong free cash flow and are announcing a quarterly dividend of $0.225 per share. We see future growth opportunities as we continue to develop and manage large-scale, complex, mission-critical transactions for our clients' constantly evolving communications needs," stated Tom Barker, CEO.