Welcome!

Microsoft Cloud Authors: Janakiram MSV, Yeshim Deniz, David H Deans, Andreas Grabner, Stackify Blog

News Feed Item

Integra Telecom Reports Preliminary Results for Fourth Quarter and Fiscal Year 2012

PORTLAND, OR--(Marketwire - February 06, 2013) -  Integra Telecom Inc. ("Integra" or the "Company"), a provider of fiber-based, carrier-grade networking, communications and technology solutions, today announced selected preliminary financial results for the quarter and fiscal year ended December 31, 2012.

Financial Results
The fourth quarter of 2012 is anticipated to be the fourth consecutive quarter of sequential organic growth of Recurring Revenue, Adjusted EBITDA and Unlevered Free Cash Flow.

                                                                            
                                                              Year Ended    
                                  Quarter Ended                 Dec 31,                      
                       ----------------------------------  ---------------- 
                       Mar 31,  Jun 30,  Sep 30,  Dec 31,                   
$ millions               2012     2012     2012     2012     2011     2012  
                                                                            
Recurring Revenue(1)   $ 129.3  $ 130.2  $ 130.7  $ 131.5  $ 521.6  $ 521.7 
  Sequential Growth 
   %(2)                    0.5%     0.7%     0.4%     0.6%       -        - 
                                                                            
Total Revenue            147.9    148.6    149.0    149.0    599.9    594.4 
                                                                            
Gross Profit              98.0     99.0     98.1     99.7    393.8    394.8 
  % of Total Revenue      66.3%    66.7%    65.8%    67.0%    65.6%    66.4%
                                                                            
Adjusted EBITDA(3,4)      42.2     43.0     44.9     46.7    172.8    176.8 
  % of Total Revenue      28.5%    28.9%    30.1%    31.3%    28.8%    29.7%
                                                                            
Capital Expenditures(5)   25.7     26.3     24.5     22.8    134.6     99.3
                       -------  -------  -------  -------  -------  ------- 
Unlevered Free Cash                                                         
 Flow                  $  16.4  $  16.7  $  20.4  $  23.9  $  38.2  $  77.5 
                       -------  -------  -------  -------  -------  ------- 
                                                                            
(1) Recurring Revenue (previously reported as "Line-Based Revenue") consists  
 primarily of private line revenue, data and internet access services, and  
 local telephone service. Private line revenue consists of point-to-point   
 transport circuits to both business and carrier customers utlizing         
 Integra's metropolitan access and long-haul networks.                      
                                                                            
(2) Represents growth versus the previous quarter.                            
                                                                            
(3) For a quantitative reconciliation of Adjusted EBITDA to net loss          
 calculated in accordance with GAAP, refer to Management's Discussion and   
 Analysis of Financial Condition and Results of Operations section within   
 Integra's financial statements posted on the Company's website.            
                                                                            
(4) Includes $0.1, $0.1, $0.6, and $0.5 million of non-recurring severance    
 expense for the quarter ended March 31, June 30, September 30 and December 
 31, 2012, respectively. Includes $1.3 and $0.1 million of non-recurring    
 severance expense for the year ended December 31, 2012 and 2011,           
 respectively.                                                              
                                                                            
(5) Represents both capital expenditures and new customer installation costs  
 as presented in Integra's Consolidated Statements of Cash Flows.           
                                                                            

The preliminary financial information set forth above is based on information available to Integra's management team as of the date of this release and remains subject to the completion of the annual audit currently in process by the Company's independent registered public accounting firm. Actual financial results may differ from these estimates.

Non-GAAP Financial Measures
Adjusted EBITDA and Unlevered Free Cash Flow are non-GAAP financial measures utilized by Integra's management to evaluate the Company's financial and operating performance. They should not be considered in isolation or as a substitute for performance measures calculated in accordance with GAAP. Adjusted EBITDA is defined as net income (loss) before interest, income taxes, depreciation and amortization expenses, excluding, when applicable, non-cash share-based compensation, reorganization expenses (inclusive of severance and relocation), gain or loss on extinguishment of debt, gain or loss on disposal of property and equipment and other non-operating income or expense. Integra's management believes that Adjusted EBITDA trends are a valuable indicator of the Company's relative performance to peers and of whether Integra is able to produce sufficient operating cash flow to fund working capital needs, to service debt obligations and to fund capital expenditures.

Unlevered Free Cash Flow is defined as Adjusted EBITDA less deferred customer acquisition costs and capital expenditures. Information on Unlevered Free Cash Flow has been included as Integra's management believes it is useful to investors to determine the Company's ability to generate cash flows to support its capital structure and fund other growth opportunities.

Forward-Looking Statements
This press release includes projections and forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. These projections and forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance and achievements, or industry results, to be materially different from any future results, outcomes, performance or achievements expressed or implied by such forward-looking statements. Undue reliance should not be placed on any projections or forward-looking statements. Projections and forward looking statements should not be regarded as a representation by Integra that the projections or forward-looking statements will be achieved.

Integra's Annual Report posted on the Integra website as well as its Intralinks site contain risk factors that management believes could cause actual results, outcomes or events to differ materially from those contemplated by such projections or forward-looking statements. Readers should consult Integra with questions about any items described in the risk factors or any of the projections or forward-looking statements described in this press release.

All projections and forward looking statements included in this press release are based on information available on the date of this press release and a number of estimates and assumptions that, while considered reasonable by Integra, are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of the Company. Integra undertakes no obligation to publicly update or revise any projection or forward-looking statement, whether as a result of new information, future events or otherwise.

About Integra Telecom
Integra is one of the largest facilities-based providers of communication and networking services in the western United States. We connect businesses of all sizes with advanced networking, communications and technology solutions in 35 metropolitan markets. Integra owns and operates an enterprise-class network consisting of a 5,000-mile long-haul fiber-optic network, 3,000-miles of metropolitan fiber and a nationwide IP/MPLS network. Our fiber network connects directly to more than 2,200 enterprise buildings and data centers. Through our expansive Ethernet-over-copper footprint, we can deliver high-bandwidth services to more than 400,000 businesses. At Integra, we understand our customers need reliable, secure and flexible solutions delivered with unmatched expertise and quality of service. For more information, visit www.integratelecom.com.

MEDIA CONTACTS

Scenna Shipley
503-453-8808
[email protected] 

James McIntyre
503-546-1016
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
SYS-CON Events announced today that N3N will exhibit at SYS-CON's @ThingsExpo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. N3N’s solutions increase the effectiveness of operations and control centers, increase the value of IoT investments, and facilitate real-time operational decision making. N3N enables operations teams with a four dimensional digital “big board” that consolidates real-time live video feeds alongside IoT sensor data a...
Amazon is pursuing new markets and disrupting industries at an incredible pace. Almost every industry seems to be in its crosshairs. Companies and industries that once thought they were safe are now worried about being “Amazoned.”. The new watch word should be “Be afraid. Be very afraid.” In his session 21st Cloud Expo, Chris Kocher, a co-founder of Grey Heron, will address questions such as: What new areas is Amazon disrupting? How are they doing this? Where are they likely to go? What are th...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, will lead you through the exciting evolution of the cloud. He'll look at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering ...
Digital transformation is changing the face of business. The IDC predicts that enterprises will commit to a massive new scale of digital transformation, to stake out leadership positions in the "digital transformation economy." Accordingly, attendees at the upcoming Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA, Oct 31-Nov 2, will find fresh new content in a new track called Enterprise Cloud & Digital Transformation.
SYS-CON Events announced today that NetApp has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. NetApp is the data authority for hybrid cloud. NetApp provides a full range of hybrid cloud data services that simplify management of applications and data across cloud and on-premises environments to accelerate digital transformation. Together with their partners, NetApp emp...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, will discuss how given the magnitude of today's applicati...
As popularity of the smart home is growing and continues to go mainstream, technological factors play a greater role. The IoT protocol houses the interoperability battery consumption, security, and configuration of a smart home device, and it can be difficult for companies to choose the right kind for their product. For both DIY and professionally installed smart homes, developers need to consider each of these elements for their product to be successful in the market and current smart homes.
SYS-CON Events announced today that Avere Systems, a leading provider of enterprise storage for the hybrid cloud, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Avere delivers a more modern architectural approach to storage that doesn't require the overprovisioning of storage capacity to achieve performance, overspending on expensive storage media for inactive data or the overbui...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
SYS-CON Events announced today that Avere Systems, a leading provider of hybrid cloud enablement solutions, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Avere Systems was created by file systems experts determined to reinvent storage by changing the way enterprises thought about and bought storage resources. With decades of experience behind the company’s founders, Avere got its ...
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, will discuss how by using...
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lead...
SYS-CON Events announced today that CAST Software will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CAST was founded more than 25 years ago to make the invisible visible. Built around the idea that even the best analytics on the market still leave blind spots for technical teams looking to deliver better software and prevent outages, CAST provides the software intelligence that matter ...
SYS-CON Events announced today that Daiya Industry will exhibit at the Japanese Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Ruby Development Inc. builds new services in short period of time and provides a continuous support of those services based on Ruby on Rails. For more information, please visit https://github.com/RubyDevInc.
As businesses evolve, they need technology that is simple to help them succeed today and flexible enough to help them build for tomorrow. Chrome is fit for the workplace of the future — providing a secure, consistent user experience across a range of devices that can be used anywhere. In her session at 21st Cloud Expo, Vidya Nagarajan, a Senior Product Manager at Google, will take a look at various options as to how ChromeOS can be leveraged to interact with people on the devices, and formats th...
SYS-CON Events announced today that Yuasa System will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Yuasa System is introducing a multi-purpose endurance testing system for flexible displays, OLED devices, flexible substrates, flat cables, and films in smartphones, wearables, automobiles, and healthcare.
SYS-CON Events announced today that Taica will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Taica manufacturers Alpha-GEL brand silicone components and materials, which maintain outstanding performance over a wide temperature range -40C to +200C. For more information, visit http://www.taica.co.jp/english/.
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities – ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups. As a result, many firms employ new business models that place enormous impor...