WideOpenWest (WOW) Tops Q2 EPS by 3c, Miss on Revenues

WideOpenWest (NYSE: WOW) reported Q2 EPS of $0.15, $0.03 better than the analyst estimate of $0.12. Revenue for the quarter came in at $297.5 million versus the consensus estimate of $299.2 million.

Second Quarter Highlights

• WOW! completed its initial public offering on May 25, 2017, raising $356.5 million in gross proceeds
• 2017 Edge-Out Nodes extended to 34,700 new homes passed; 2016 Edge-Out Nodes totaled 40,300 homes passed and achieved 29% penetration
• Second quarter 2017 Total Revenue of $297.5 million; Net Income of $5.0 million
• Second quarter 2017 Adjusted EBITDA of $112.2 million
• Transaction Adjusted business services subscription revenue grew 12.1% year-over-year
• In July 2017, WOW! refinanced and up-sized its Term B Loan, facilitating a full redemption of all 10.25% Senior Notes; over $60 million annualized Interest expense savings will be realized
• In August 2017, WOW! announced an agreement to sell a portion of its fiber network in Chicago to Verizon for $225 million in cash and an additional $50 million to complete the build

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

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