FairPoint Communications (FRP) Reports Q4 EPS of $0.59

FairPoint Communications (NASDAQ: FRP) reported Q4 EPS of $0.59, versus $1.59 reported last year. Revenue for the quarter came in at $203.9 million, versus $209.8 million reported last year.

2017 Guidance on a Full Year, Standalone Basis

For full year 2017, the Company expects to generate $105 million to $115 million of Unlevered Free Cash Flow. In addition, Adjusted EBITDA is expected to be $245 million to $250 million, annual capital expenditures are expected to be $110 million to $115 million and aggregate annual cash pension contributions and cash OPEB payments are expected to be approximately $24 million for full year 2017.

On March 2, 2017, the Company announced it had received $36.7 million in Phase 2 awards from the New NY Broadband Program to support the extension and upgrading of high-speed broadband service in the Company’s New York service territory. These awards will be treated as a reimbursement of capital expected to be received on a quarterly basis. The Company’s 2017 capital expenditure guidance incorporates current assumptions regarding these projec

For earnings history and earnings-related data on FairPoint Communications (FRP) click here.

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