Level 3 Reports Second Quarter 2014 Results

Second Quarter 2014 Highlights
(PresseBox) (Frankfurt am Main / Broomfield, ) .
- Core Network Services revenue for the second quarter 2014 increased by 6.9 percent year-over-year, on a constant currency basis
- Enterprise Core Network Services revenue grew 11 percent year-over-year, on a constant currency basis
- Gross margin increased to 62.3 percent in the second quarter 2014, from 60.6 percent in the second quarter 2013
- Adjusted EBITDA was $459 million; excluding $4 million of tw telecom transaction-related fees, Adjusted EBITDA was $463 million
- Generated Free Cash Flow of $62 million

Level 3 Communications, Inc. (NYSE: LVLT) reported total revenue of $1.625 billion for the second quarter 2014, compared to $1.565 billion for the second quarter 2013.

In the second quarter 2014, the company generated net income of $51 million and $0.21 basic and diluted net income per share, which included a $0.14 loss for the devaluation of the Venezuelan Bolivar, and $0.02 of tw telecom transaction-related fees. Excluding these items, the company generated basic and diluted net income per share of $0.37.

Adjusted EBITDA was $463 million in the second quarter 2014, excluding $4 million of tw telecom transaction-related fees. For the second quarter 2013, Adjusted EBITDA on a pro forma basis was $385 million, which has been adjusted to include $15 million in bonus-related non-cash compensation expense and to exclude $13 million of severance charges, both of which were recognized in that quarter.

"Level 3 delivered another quarter of solid revenue and Adjusted EBITDA growth," said Jeff Storey, president and CEO of Level 3. "Our ability to help enterprise customers solve their evolving, global telecommunications needs is a key differentiator in the industry. During the second quarter, we also indicated our intent to acquire tw telecom and the integration planning process is well underway."

Die vollständige Meldung finden Sie unter: http://level3.mediaroom.com/2014-07-29-Level-3-Reports-Second-Quarter-2014-Results.

 

 

 

 

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