- Windstream Holdings (WIN) has recovered ground, now down just 0.9%, following Q4 earnings that missed expectations amid slipping revenues.
- A sales decline accelerated in Q4, with adjusted revenues falling 6%. The full-year figure was down 4% from the previous year.
- OIBDAR was $481.5M, down 4% from the prior year, but beating an expected $472M.
- Revenue breakout (GAAP): Service, $1.29B (down 7%); Product sales, $20M (down 48%).
- The company says EarthLink (ELNK) integration planning is going well, and it expects to see $150M in annual synergies within three years, about $25M better than original estimates.
- It's guiding to a revenue decline in 2017 similar to 2016, with adjusted OIBDAR of $2B-$2.06B (vs. expectations for $2.08B), capex of $790M-$840M, and free cash flow of $200M.
- Press Release