WideOpenWest (NYSE: WOW) reported Q4 EPS of $0.33, $0.01 better than the analyst estimate of $0.32. Revenue for the quarter came in at $290.8 million versus the consensus estimate of $292.57 million.

• Full year Total Revenue of $1.154 billion; Net Loss of $(90.6) million; Net Loss Per Share of $(1.11)
• Full year Adjusted EBITDA of $409.7 million; Adjusted Diluted Earnings Per Share of $1.31
• Impact of Hurricane Michael resulted in Revenue credits of $5.4 million, EBITDA impact of $6.1 million, Subscriber impact of 2,600, and RGU impact of 4,400
• Adjusted to exclude the impact of Hurricane Michael, Transaction Adjusted EBITDA for the full year 2018 was $415.8 million. Transaction Adjusted EBITDA for the quarter ended December 31, 2018, totaled $110.6 million, up 5.5% compared to the quarter ended December 31, 2017. Fourth quarter Adjusted Diluted Earnings Per Share of $0.33
• For the first time, full year Transaction Adjusted Free Cash Flow was positive at $24.3 million, representing an $83.7 million increase over the full year 2017
• HSD RGU net additions totaled 27,000 for 2018, excluding the impact from Hurricane Michael, representing a 95.7% increase in net additions over 2017 and 3.7% annual increase in total HSD RGUs
• HSD RGU net additions totaled 7,100 for the quarter ended December 31, 2018, excluding the impact from Hurricane Michael, representing the best HSD RGU net subscriber additions for the fourth quarter in the last four years; organic HSD RGU net additions, which exclude net additions from Edge-Outs, totaled 5,200, excluding the impact of Hurricane Michael
• Business Services Subscription Revenue, Including Acquisitions and Dispositions, grew 12.7% over the fourth quarter of 2017, and grew 14.0% annually over 2017
• WOW! was recently named a national winner of the “2018 Best and Brightest Companies to Work For.” This marks the fifth time WOW! has won this national award and the first time since 2014.

“This was a year of transformation, one in which we invested in our people and customers to drive a return to Subscriber and HSD RGU growth,” said Teresa Elder, chief executive officer of WOW! “We exceeded HSD RGU growth expectations for the full year and met Transaction Adjusted EBITDA guidance, culminating in a return to Transaction Adjusted EBITDA growth in the fourth quarter of 2018. We believe the inflection back to positive growth in the fourth quarter will carry over into 2019 where we expect to continue growing Subscribers and HSD RGUs and grow Transaction Adjusted EBITDA to between $430 million and $440 million for the year.”

“Transaction Adjusted EBITDA for the fourth quarter totaled approximately $111 million, and we’re excited that this represents the third consecutive quarter of sequential growth and 5.5% growth over the fourth quarter of 2017,” said Rich Fish, chief financial officer of WOW!

GUIDANCE:

WideOpenWest sees FY2019 revenue of $1.155-1.165 billion, versus the consensus of $1.18 billion.

For earnings history and earnings-related data on WideOpenWest (WOW) click here.