Endurance International Group Holdings, Inc., together with its subsidiaries, provides cloud-based platform solutions for small-and medium-sized businesses worldwide. It offers domain registration, management, and resale services; proprietary, third-party, and open source Website building tools and design services that enable subscribers with varying degrees of technical sophistication to create a customized Web presence; Web hosting services, including entry-level shared hosting, and virtual private server and dedicated hosting services; malware protection solutions to protect subscribers’ Websites from viruses, malicious code, and other threats; and backup control solutions that enable sub...
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Burlington, MA 01803
Founded in 1997
Endurance International Group Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015 and Reaffirms Earnings Guidance for the Full Year of 2015
May 5 15
Endurance International Group Holdings, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, revenue was $177,318,000 compared to $145,750,000 a year ago. Profit from operations was $17,199,000 compared to loss from operations of $5,499,000 a year ago. Profit before income taxes and equity earnings of unconsolidated entities were $2,970,000 compared to loss before income taxes and equity earnings of unconsolidated entities of $19,051,000 a year ago. Net profit was $884,000 compared to net loss of $22,469,000 a year ago. Net profit attributable to company was $884,000 or $0.01 basic and diluted per share compared to loss of $19,285,000 or $0.15 basic and diluted per share a year ago. Net cash provided by operating activities was $50,223,000 compared to $37,987,000 a year ago. Purchases of property and equipment were $7,249,000 compared to $6,203,000 a year ago. Purchases of intangible assets was nil against $100,000 a year ago. Adjusted net income was $43,665,000 compared to $32,910,000 a year ago. Adjusted EBITDA was $67,570,000 compared to $59,127,000 a year ago. Capital expenditures and capital lease obligations were $8,179,000 compared to $7,088,000 a year ago. Free cash flow was $45,820,000 compared to $35,471,000 a year ago. Adjusted revenue was $178.7 million, an increase of 17% compared to $152.8 million in the first quarter of 2014. Unlevered free cash flow (UFCF) was $59.9 million, an increase of 22% compared to $49.0 million in the first quarter of 2014. Net debt was $1,074,000,000 as at March 31, 2015.
The company provided earnings guidance for the second quarter and full year of 2015. For the year, the company expects adjusted revenue guidance from $745 million to $755 million compared to $745 million to $755 million reported in previous guidance, adjusted EBITDA guidance from $275 million to $285 million compared to $275 million to $285 million reported in previous guidance, unlevered free cash flow of approximately $220 million to $230 million compared to $220 million to $230 million reported in previous guidance. CapEx spend of approximately 5% of adjusted revenue.
For the second quarter, the company provided adjusted revenue guidance of $181 million to $183 million, adjusted EBITDA of approximately $60 million to $62 million.
Endurance International Seeks Acquisitions
May 5 15
Endurance International Group Holdings, Inc. (NasdaqGS:EIGI) is looking for acquisition opportunities. Tiv Ellawala, Chief Financial Officer of Endurance International said, "Depending on deal flow and acquisition close timing, we expect our revolver balance to fluctuate throughout the rest of the year as we use debt and cash from operations to fund our acquisitions."
Glancy Prongay & Murray LLP Files Class Action Lawsuit against Endurance International Group Holdings, Inc
May 4 15
Glancy Prongay & Murray LLP, representing investors of Endurance International Group Holdings, Inc. has filed a class action lawsuit in the United States District Court for the District of Massachusetts on behalf of a class comprising purchasers of Endurance securities between November 4, 2014 and April 27, 2015, inclusive. Endurance provides cloud-based platform solutions for small and medium-sized businesses. The complaint alleges that defendants made false and/or misleading statements and/or failed to disclose to investors: that the company overstated its 2014 average revenue per subscriber and organic growth rate; that the company engaged in irregular accounting practices related to its international business; and that, as a result of the foregoing, the company’s statements about its business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.