Consolidated Communications (CNSL) Tops Q1 EPS by 2c

Consolidated Communications (NASDAQ: CNSL) reported Q1 EPS of $0.20, $0.02 better than the analyst estimate of $0.18. Revenue for the quarter came in at $192.6 million versus the consensus estimate of $194.17 million.

"We kicked off 2015 with a solid quarter both financially and operationally," said Bob Udell, President and Chief Executive Officer. "The results reflect our success in generating growth in our strategic areas and offsetting legacy revenue declines. Our broadband additions were strong, and we continued to upsell customers to our higher speed offerings."

"With the Enventis acquisition now six months behind us, I could not be more pleased with how the assets have performed and how well our team has executed in integrating the companies. We are delivering on our plans and, during the quarter, achieved an additional $2.0 million in annual synergies. In addition, we signed agreements for a record 200 fiber to the tower sites with a majority of these coming from the Enventis markets," Udell concluded.

Financial Guidance

Consolidated is reiterating its full year guidance. The table below reflects pro forma results for the full year of 2014.

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

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