Zayo Group (ZAYO) Misses Q1 EPS by 2c, Revenues Miss
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Zayo Group Holdings, Inc. Reports Financial Results for the First Fiscal Quarter Ended September 30, 2018
November 7, 2018 4:06 PM ESTFirst Fiscal Quarter 2019 Financial Highlights
$641.1 million of consolidated revenue; including $536.1 million from the Communications Infrastructure segments and $105.0 million from the Allstream segment. Reported Revenue includes a $0.4 million negative impact from the adoption of the new accounting standard, Revenue from Contracts with Customers. Net income of $22.1 million, including $25.5 million from the Communications Infrastructure segments and a net loss of $3.4 million from the Allstream segment; $319.4 million of adjusted EBITDA, including $298.6 million from Communications Infrastructure and $20.8 million from the Allstream segment. Reported adjusted EBITDA includes a $1.6 million negative impact from the... More