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Consolidated Communications moves to a profit, continues lowering debt in Q1

Thursday 30 April 2020 | 18:55 CET | News
Revenues for the quarter fell 3.8 percent from the year before to USD 325.7 million but the net profit rose to USD 15.6 million from a loss of 7.2 million. Adjusted EBITDA went higher to USD 131.6 million from 130.3 million and the total net debt  to last 12-month adjusted EBITDA ratio improved to 4.23x, with the company devoting almost all of its free cash flow towards USD 43 million in debt reduction for the quarter. The operating profit more than doubled to USD 37.4 million from 16.7 million, mainly due to expense reductions, down 8 percent, and cost savings initiatives. 

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Categories: Fixed
Companies: Consolidated Communications
Countries: United States
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