Zayo Group (ZAYO) Tops Q2 EPS by 11c, Revenues Beat

Zayo Group (NYSE: ZAYO) reported Q2 EPS of $0.26, $0.11 better than the analyst estimate of $0.15. Revenue for the quarter came in at $653.7 million versus the consensus estimate of $640.13 million.

Second Fiscal Quarter 2020 Financial Highlights

• $653.7 million of consolidated revenue; including $502.5 million from the Zayo Networks segment, $64.1 million from the zColo segment and $82.3 million from the Allstream segment.
• Net income of $61.4 million resulting in basic and diluted net income per share during the quarter of $0.26.
• $328.5 million of adjusted EBITDA, including $291.9 million from the Zayo Networks segment, $29.7 million from the zColo segment and $5.7 million from the Allstream segment.
• Consolidated net installs, on a monthly recurring revenue (MRR) and monthly amortized revenue (MAR) basis, were $1.3 million, excluding the Allstream segment. This includes $1.9 million of net installs from the Zayo Networks segment and $(0.6) million of net installs from the zColo segment.
• Net cash provided by operating activities of $256.4 million and adjusted unlevered free cash flow of $92.1 million.

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

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