Zayo Group (ZAYO) Misses Q1 EPS by 5c, Miss on Revenues

Zayo Group (NYSE: ZAYO) reported Q1 EPS of $0.09, $0.05 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $643.5 million versus the consensus estimate of $644.93 million.

First Fiscal Quarter 2018 Financial Highlights

• $643.5 million of consolidated revenue; including $515.8 million from the Communications Infrastructure segments and $127.7 million from the Allstream segment;
• Net income of $23.2 million, including $11.5 million from the Communications Infrastructure segments and $11.7 million from the Allstream segment;
• $316.6 million of adjusted EBITDA, including $285.8 million from Communications Infrastructure and $30.8 million from the Allstream segment;
• Bookings of $7.6 million, gross installs of $7.3 million, churn of 1.2% and net installs of $1.2 million, all on a monthly recurring revenue (MRR) and monthly amortized revenue (MAR) basis, excluding the Allstream segment.
• Adjusted unlevered free cash flow of $130.9 million.

For earnings history and earnings-related data on Zayo Group (ZAYO) click here.

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