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Windstream Reports Second-Quarter Results

  • Business service revenues were $913 million, a 2 percent increase year-over-year
  • Consumer broadband service revenues were $120 million, a 6 percent increase year-over-year
  • Total revenues and sales were $1.51 billion, a decline of 2 percent year-over-year
  • Adjusted OIBDA was $582 million, a decline of 1 percent year-over-year
  • Total enterprise customers grew 6 percent year-over-year

LITTLE ROCK, Ark., Aug. 8, 2013 (GLOBE NEWSWIRE) -- Windstream Corp. (Nasdaq: WIN) today reported continued growth in strategic revenue in its second-quarter results.

Strategic revenue, which consists of total business and consumer broadband revenues, grew 3 percent year-over-year and represents 71 percent of the company's total revenues.

"Our strategy to reposition Windstream in growth areas is driving steady results," said Jeff Gardner, president and CEO. "Additionally, we continue to strike a prudent balance among reinvesting in the company, paying an attractive dividend and reducing debt over time."

Pro Forma Results

Windstream continued to drive profitable growth in both its business and consumer broadband segments during the quarter.

Total enterprise customers, who generate $750 or more in revenue per month, grew 6 percent year-over-year. Average service revenue per business customer per month increased 7 percent from the same period a year ago.

Business service revenues were $913 million in the second quarter, a 2 percent increase year-over-year.

Data and integrated services revenues were $405 million, an increase of 8 percent from the same period a year ago, primarily due to growth in integrated voice and data services, data center and managed services. The company has opened three new data centers in Chicago, Nashville, Tenn., and Raleigh-Durham, N.C., this year providing ample capacity to meet the strong demand for data center services.

Carrier service revenues were $166 million, an increase of 1 percent year-over-year.

Consumer broadband service revenues were $120 million, up 6 percent from the same period in 2012, driven by increased sales of broadband features and faster speeds. Total average revenue per customer increased 7 percent year-over-year.

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