Windstream Reports Q4 and Annual Financial Results

Windstream Holdings (NASDAQ:WIN) announced fourth quarter and year-end 2018 annual financial results, generating $5.71 billion in revenues and sales for 2018. The company also added 14,400 new broadband customersto their existing 45,000 customers for the year. Principal operations for Windstream Holdings include data networking and technology services, broadband, entertainment and security services for 18 states extending over an estimated 150,000 miles.

As quoted in the press release:

“Overall, we had a strong, transformational year in 2018. We continue to benefit from investments in our network infrastructure that enable us to deliver faster internet speeds to more customers. We have delivered 12 consecutive months of broadband subscriber growth through February of this year, and we expect that growth to continue throughout the year,” said Tony Thomas, president and chief executive officer of Windstream.

Windstream’s Enterprise segment continued to see strong growth in strategic products and services, which represent approximately $180 million in annualized revenues and are growing at approximately 70 percent year-over-year. Windstream is the largest SD-WAN service provider in the country, with more than 1,800 customers in over 15,000 locations nationwide and growing.

Windstream generated $1.97 billion in Adjusted OIBDAR for the year, a decline of two percent year-over-year and a significant improvement from a decline of 5.5 percent for the year prior.

“As we enter 2019, we will continue to focus on improving our sales productivity, reducing churn across all of our business units, improving the customer experience and maintaining our laser-focus on aggressive cost management and operational efficiencies. We are confident we will emerge from the financial restructuring process as a healthier and even stronger company than we are today, and we are excited about the opportunities that lie ahead of us,” Thomas said.

Click here to read the full press release.