Last $14.43 USD
Change Today +0.09 / 0.63%
Volume 114.4K
FRP On Other Exchanges
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As of 8:10 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

fairpoint communications inc (FRP) Snapshot

Open
$14.30
Previous Close
$14.34
Day High
$14.52
Day Low
$14.24
52 Week High
10/31/14 - $17.13
52 Week Low
12/20/13 - $9.78
Market Cap
385.4M
Average Volume 10 Days
76.2K
EPS TTM
$-3.25
Shares Outstanding
26.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FAIRPOINT COMMUNICATIONS INC (FRP)

fairpoint communications inc (FRP) Related Businessweek News

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fairpoint communications inc (FRP) Details

FairPoint Communications, Inc. provides data, voice, and communication services in the United States. It provides high capacity data services comprising optical, Ethernet, IP services, and Ethernet virtual circuit technology for cellular backhaul; and private line special access services, as well as hosted primary branch exchange services over its Ethernet network. The company also offers Internet services, including obtaining IP addresses, basic Website design and hosting, domain name services, content feeds, and Web-based e-mail services; and carrier Ethernet services to business and wholesale customers. In addition, it offers local calling services, such as basic local lines and local private lines; and long distance and wholesale long distance services to communications providers. Further, the company provides network transport services, including special access services, such as DS-1 and DS-3 services; and high speed digital services comprising Ethernet-based services provisioned over fiber and copper facilities, as well as network switched, intrastate, and intrastate access services. Additionally, it publishes telephone directories; and offers video services to its customers by reselling DirectTV content, as well as providing cable and IP television video-over-digital subscriber line. The company also provides value added and convenience-based services, including power utility offerings through a marketing arrangement, and conference calling services for business and residential customers; and project-based implementation support services. As of December 31, 2013, the company operated approximately 1.2 million access line equivalents in 17 states. It also owns and operates a fiber network with approximately 16,000 miles of fiber optic cable in Maine, New Hampshire, and Vermont. The company was incorporated in 1991 and is headquartered in Charlotte, North Carolina.

3,171 Employees
Last Reported Date: 03/5/14
Founded in 1991

fairpoint communications inc (FRP) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $787.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $387.5K
Executive Vice President of Operations
Total Annual Compensation: $303.5K
Executive Vice President, General Counsel an...
Total Annual Compensation: $462.5K
Executive Vice President of External Affairs ...
Total Annual Compensation: $328.0K
Compensation as of Fiscal Year 2013.

fairpoint communications inc (FRP) Key Developments

Fairpoint Communications, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Financial Guidance for 2014

FairPoint Communications, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. Revenue was $228.1 million in the third quarter of 2014 compared to $236.0 million a year earlier. Adjusted EBITDA was $61.7 million in the third quarter of 2014 compared to $67.5 million a year earlier. The decrease is due to lower revenue partially offset by adjusted operating expense savings. Capital expenditures were $28.8 million in the third quarter of 2014 compared to $33.8 million a year earlier. The decrease is primarily driven by certain Fiber to the Tower builds that were deferred to future quarters at customer requests and a lower overall 2014 capital plan. Unlevered Free Cash Flow of $24.5 million in the third quarter of 2014 was essentially flat compared to $24.4 million a year earlier. The slight increase was due to lower capital expenditures and pension and OPEB contributions offset by lower Adjusted EBITDA in the third quarter of 2014. Net loss was $37.8 million or $1.43 per diluted share in the third quarter of 2014 compared to $9.0 million or $0.34 per diluted share in the third quarter of 2013. The change was due primarily to higher operating expenses, including depreciation expense, and lower revenue. Income tax benefit in the third quarter of 2013 included an additional tax benefit due to a change in the valuation allowance. Loss from operations was $28.922 million against $3.825 million a year ago. Loss from continuing operations before income taxes was $49.027 million against $23.178 million a year ago. Net loss from continuing operations was $37.778 million or $1.43 per diluted share against $8.960 million or $0.34 per diluted share a year ago. For the nine months, the company reported total revenue of $684.274 million against $705.958 million a year ago. Loss from operations was $60.603 million against $106.994 million a year ago. Loss from continuing operations before income taxes was $120.748 million against $170.798 million a year ago. Net loss from continuing operations was $92.695 million or $3.51 per diluted share against $109.597 million or $4.18 per diluted share year ago. Net loss was $92.695 million or $3.51 per diluted share against $99.553 million or $3.80 per diluted share a year ago. Capital expenditure was $91.775 million against $91.091 million a year ago. Unlevered free cash flow was $73.908 million against $92.146 million a year ago. Adjusted EBITDA was $190.104 million against $197.815 million a year ago. Net cash provided by operating activities was $79.036 million against $114.590 million a year ago. The company expects to generate $100 million to $110 million of Unlevered Free Cash Flow for fiscal 2014. In addition, for fiscal 2014, Adjusted EBITDA is expected to be approximately $260 million and capital expenditures are expected to be approximately $120 million. Aggregate cash pension contributions and cash OPEB payments are expected to be approximately $35 million. Aggregate cash pension contributions and cash OPEB payments are expected to be $21 million to $25 million for 2015. The company continue to expect the annual year-over-year decline in revenue to moderate in 2014 compared to 2013. The company anticipates unlevered free cash flow of $100 million to $110 million.

Fairpoint Communications, Inc. to Report Q3, 2014 Results on Nov 05, 2014

Fairpoint Communications, Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Nov 05, 2014

Fairpoint Communications, Inc., Q3 2014 Earnings Call, Nov 05, 2014

Fairpoint Communications, Inc., Q3 2014 Earnings Call, Nov 05, 2014

 

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Price/Cash Flow 2.9x
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