USA Mobility (USMO) Reports Mixed Q4 Earnings; Declares $0.25/Share, $1/Share Regular and Special Distribution; Resets Buyback to $25M; Guides FY09 Sales

March 3, 2009 4:36 PM EST

USA Mobility (Nasdaq: USMO) reports Q4 EPS of $0.32, 2 cents lower than the analyst estimate of $0.34. Revenues for the quarter were $84.3 million, versus the consensus of $82.40 million.

In addition, the Company’s Board of Directors declared a regular quarterly cash distribution of $0.25 per share and special cash distribution of $1.00 per share. The cash distributions will be paid on March 31, 2009 to stockholders of record on March 17, 2009.

Also, the Board approved a supplement to the Company’s previously announced plan to buy back up to $50 million of USA Mobility common stock over a 12-month period. Under the plan, which commenced last August, the Company had repurchased approximately 4.4 million shares for $38.1 million as of December 31, 2008. The supplement resets the balance in the share repurchase program to $25 million and extends the purchase period through December 31, 2009.

Sees FY09 sales of $285-$295 million, versus the consensus of $281 million.

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