Telecommunications services provider Windstream Corp. (WIN) Wednesday posted a fourth-quarter net loss of $31.9 million or $0.06 per share, compared to a net income of $56.5 million or $0.10 per share in the previous year.
The company said its quarterly results included a pre-tax non-cash pension charge of about $163 million, or $103 million after-tax, due to previously announced changes in the company's pension accounting method.
In addition, results also included nearly $23 million in after-tax merger and integration expense and an after-tax loss of about $7 million related to the early extinguishment of debt. Excluding items, adjusted earnings per share for the recent quarter was $0.19.
On average, 15 analysts polled by Thomson Reuters estimated earnings of $0.20 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues and sales grew to $1.21 billion from $980.6 million a year ago. Analysts estimated revenues of $1.10 billion.
Pro forma total revenues, which included results for PAETEC and other recent acquisitions, were $1.6 billion, an increase of 0.7 percent over the same period a year ago.
Jeff Gardner, president and chief executive officer of the company said, "As a result of solid execution in our legacy business, coupled with our targeted acquisition approach, we significantly improved the financial trajectory of our company and reached a significant milestone of growing pro forma revenue and Adjusted OIBDA during the fourth quarter on a year-over-year basis, giving us great momentum heading into 2012."
Looking ahead to the full year 2012, the company expects pro forma revenues and sales in the range of $6.18 billion to $6.305 billion. Analysts are looking for revenues of $6.25 billion for the year.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.