Zayo Group (ZAYO) Misses Q1 EPS by 7c, Revenues Miss

Zayo Group (NYSE: ZAYO) reported Q1 EPS of $0.08, $0.07 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $638.6 million versus the consensus estimate of $644.26 million.

First Fiscal Quarter 2020 Financial Highlights

• $638.6 million of consolidated revenue; including $483.2 million from the Zayo Networks segment, $63.7 million from the zColo segment and $86.6 million from the Allstream segment.
• Net income of $17.9 million resulting in basic and diluted net income per share during the quarter of $0.08.
• $314.8 million of adjusted EBITDA, including $277.5 million from the Zayo Networks segment, $26.6 million from the zColo segment and $9.3 million from the Allstream segment.
• Consolidated net installs, on a monthly recurring revenue (MRR) and monthly amortized revenue (MAR) basis, were $0.9 million, excluding the Allstream segment. This includes $1.1 million of net installs from the Zayo Networks segment and ($0.2) million of net installs from the zColo segment.
• Net cash provided by operating activities of $311.8 million and adjusted unlevered free cash flow of $138.8 million.

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

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