West Corporation Reports First Quarter 2013 Results And Declares Quarterly Dividend

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
Consolidated Revenue $660.2   $639.1 3.3% 
Platform-based Revenue 481.4   448.8  7.3%
Adjusted Operating Income 1 138.4 130.3 6.3%
Operating Income 93.3 114.2 -18.3%
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%
EBITDA 1 138.9 160.6 -13.5%
Adjusted Net Income 1 44.5 45.8 -2.8%
Pro Forma Adjusted Net Income 1,3 58.1 NM NM
Net Income 3.1 34.0 -91.0%
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.