Windstream (WIN) Posts Q2 Loss of $1.31/Share; Announces $75M Buyback Plan

Windstream (NASDAQ: WIN) reported Q2 EPS of ($1.13), which may not compare with the analyst estimate of ($0.52). Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.42 billion.

Adjusted OIBDAR was $489 million in the second quarter and was flat sequentially, with margins of 34.5 percent.

Adjusted OIBDA was $327 million in the second quarter and capital expenditures were $255 million in the second quarter.

On a year-to-date basis, adjusted free cash flow was $141 million.

Today Windstream announced a share repurchase program of up to $75 million, which is expected to be completed by December 31, 2016. Windstream will buy back shares opportunistically through open market purchases funded primarily by cash from operations.

"In order to create value for our shareholders, the board of directors has authorized a share repurchase program of up to $75 million," Thomas added. "Windstream stock is significantly undervalued and a share buyback is an attractive investment and an efficient way to return capital to shareholders."

In addition, the board of directors declared the regular quarterly dividend of 15-cents per share to shareholders of record as of Sept 30, 2015.

For earnings history and earnings-related data on Windstream (WIN) click here.

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