Consolidated Communications (CNSL) Tops Q4 EPS by 3c, Revenues Beat

Consolidated Communications (NASDAQ: CNSL) reported Q4 EPS of ($0.09), $0.03 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $344.8 million versus the consensus estimate of $340.9 million.

Revenue totaled $344.8 million
Net cash from operating activities was $93.3 million
Adjusted EBITDA was $132.4 million
Dividend payout ratio was 68.3 percent

“2018 was a very productive year where we made great progress improving service levels and advancing our business and broadband strategy across our newly acquired markets,” said Bob Udell, president and chief executive officer of Consolidated Communications. “I am very pleased with our commercial growth and our progress in expanding our fiber network, including our upgrade of more than 500,000 or one-third of the broadband passings across Northern New England.”

“For 2019, we are focused on growing market share as we ramp up marketing in Northern New England and continue to make success-based, fiber investments in the business improving the customer experience,” said Udell.

For earnings history and earnings-related data on Consolidated Communications (CNSL) click here.

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