On May 7, 2013, the Board of Directors of Consolidated Communications Holdings Inc. adopted amendments to the company’s Amended and Restated Bylaws. The amendments to the existing Amended and Restated Bylaws took effect immediately upon adoption by the Board of Directors. These amendments to the Amended and Restated Bylaws include to add the defined term “Corporate Capacity”. Corporate Capacity describes the official capacity in which the applicable director, officer, employee or agent serves, served or will serve the corporation.

Consolidated Communications Holdings Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of $156.295 million compared to $93.364 million a year ago. Income from operations was $28.398 million compared to $11.013 million a year ago. The increase is primarily due to the SureWest acquisition, growth in the business and synergy realization. In addition, the first quarter of 2012 included $4.8 million in transaction and severance costs related to the acquisition versus $1.6 million in the current quarter. Income before income taxes was $12.475 million compared to $2.893 million a year ago. Net income attributable to the company was $6.783 million or $0.17 per diluted share compared to $1.759 million or $0.06 per diluted share a year ago. Net cash provided by operating activities was $36.192 million compared to $21.619 million a year ago. Purchase of property, plant and equipment, net was $27.517 million compared to $10.043 million a year ago. EBITDA was $72.186 million compared to $61.366 million a year ago. Adjusted EBITDA was $74.116 million compared to $65.615 million a year ago. Total net debt as of March 31, 2013 was $1,207.053 million. Adjusted net income attributable to common stockholders was $8.209 million or $0.21 per diluted share compared to $5.225 million or $0.18 per diluted share a year ago. For the second quarter, the company expects cash interest expense to improve by over $1 million per quarter. For the year 2013, the company is reiterating cash interest expense in the range of $80.0 million to $85.0 million and capital expenditures in the range of $100.0 million to $110.0 million. Capital expenditure guidance includes $4.0 million in one-time integration costs. Cash income taxes are expected to be in a range of $1 million to $3 million. The company declared its regular quarterly dividend of $0.38738 per share on the company's common stock. The dividend is payable on August 1, 2013 to stockholders of record on July 15, 2013.

Consolidated Communications Holdings Inc., Q1 2013 Earnings Call, May 09, 2013