Welcome!

Wireless Authors: Peter Silva, Ed Featherston, Liz McMillan, Nicholas Lee, Jackie Kahle

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.

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
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, phone and digital TV services to consumers primarily in rural areas.
"There is a natural synchronization between the business models, the IoT is there to support ,” explained Brendan O'Brien, Co-founder and Chief Architect of Aria Systems, in this SYS-CON.tv interview at the 15th International Cloud Expo®, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com), moderated by Ashar Baig, Research Director, Cloud, at Gigaom Research, Nate Gordon, Director of T...
The definition of IoT is not new, in fact it’s been around for over a decade. What has changed is the public's awareness that the technology we use on a daily basis has caught up on the vision of an always on, always connected world. If you look into the details of what comprises the IoT, you’ll see that it includes everything from cloud computing, Big Data analytics, “Things,” Web communication, applications, network, storage, etc. It is essentially including everything connected online from hardware to software, or as we like to say, it’s an Internet of many different things. The difference ...

ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ --  IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's platform-as-a-service. The new platform enables developers to build ap...

Cloud Expo 2014 TV commercials will feature @ThingsExpo, which was launched in June, 2014 at New York City's Javits Center as the largest 'Internet of Things' event in the world.
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and assessments, including a decade of leading incident response and digital forensics. He is co-author of t...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at Internet of @ThingsExpo, James Kirkland, Chief Architect for the Internet of Things and Intelligent Systems at Red Hat, described how to revolutioniz...
Technology is enabling a new approach to collecting and using data. This approach, commonly referred to as the "Internet of Things" (IoT), enables businesses to use real-time data from all sorts of things including machines, devices and sensors to make better decisions, improve customer service, and lower the risk in the creation of new revenue opportunities. In his General Session at Internet of @ThingsExpo, Dave Wagstaff, Vice President and Chief Architect at BSQUARE Corporation, discuss the real benefits to focus on, how to understand the requirements of a successful solution, the flow of ...
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, and physical persons. In the IoT vision, every new "thing" - sensor, actuator, data source, data con...
"BSQUARE is in the business of selling software solutions for smart connected devices. It's obvious that IoT has moved from being a technology to being a fundamental part of business, and in the last 18 months people have said let's figure out how to do it and let's put some focus on it, " explained Dave Wagstaff, VP & Chief Architect, at BSQUARE Corporation, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Focused on this fast-growing market’s needs, Vitesse Semiconductor Corporation (Nasdaq: VTSS), a leading provider of IC solutions to advance "Ethernet Everywhere" in Carrier, Enterprise and Internet of Things (IoT) networks, introduced its IStaX™ software (VSC6815SDK), a robust protocol stack to simplify deployment and management of Industrial-IoT network applications such as Industrial Ethernet switching, surveillance, video distribution, LCD signage, intelligent sensors, and metering equipment. Leveraging technologies proven in the Carrier and Enterprise markets, IStaX is designed to work ac...
C-Labs LLC, a leading provider of remote and mobile access for the Internet of Things (IoT), announced the appointment of John Traynor to the position of chief operating officer. Previously a strategic advisor to the firm, Mr. Traynor will now oversee sales, marketing, finance, and operations. Mr. Traynor is based out of the C-Labs office in Redmond, Washington. He reports to Chris Muench, Chief Executive Officer. Mr. Traynor brings valuable business leadership and technology industry expertise to C-Labs. With over 30 years' experience in the high-tech sector, John Traynor has held numerous...
Bit6 today issued a challenge to the technology community implementing Web Real Time Communication (WebRTC). To leap beyond WebRTC’s significant limitations and fully leverage its underlying value to accelerate innovation, application developers need to consider the entire communications ecosystem.
The 3rd International @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades.
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover how hardware commoditization, the ubiquitous nature of connectivity, and the emergence of Big Data a...
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
SYS-CON Events announced today that IDenticard will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. IDenticard™ is the security division of Brady Corp (NYSE: BRC), a $1.5 billion manufacturer of identification products. We have small-company values with the strength and stability of a major corporation. IDenticard offers local sales, support and service to our customers across the United States and Canada. Our partner network encompasses some 300 of the world's leading systems integrators and security s...
IoT is still a vague buzzword for many people. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. He also discussed how IoT is perceived by investors and how venture capitalist access this space. Other topics discussed were barriers to success, what is new, what is old, and what the future may hold. Mike Kavis is Vice President & Principal Cloud Architect at Cloud Technology Pa...
Cloud Expo 2014 TV commercials will feature @ThingsExpo, which was launched in June, 2014 at New York City's Javits Center as the largest 'Internet of Things' event in the world. The next @ThingsExpo will take place November 4-6, 2014, at the Santa Clara Convention Center, in Santa Clara, California. Since its launch in 2008, Cloud Expo TV commercials have been aired and CNBC, Fox News Network, and Bloomberg TV. Please enjoy our 2014 commercial.