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Last $16.61 USD
Change Today -0.40 / -2.35%
Volume 149.8K
FRP On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 4:30 PM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

fairpoint communications inc (FRP) Snapshot

Open
$16.83
Previous Close
$17.01
Day High
$17.13
Day Low
$16.52
52 Week High
02/20/15 - $17.74
52 Week Low
03/25/14 - $12.26
Market Cap
446.2M
Average Volume 10 Days
114.1K
EPS TTM
$-5.09
Shares Outstanding
26.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FAIRPOINT COMMUNICATIONS INC (FRP)

fairpoint communications inc (FRP) Related Businessweek News

No Related Businessweek News Found

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 cable modem Internet service, and fiber to the home and wireless Internet access services to business and wholesale customers. In addition, it provides 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 offers 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, 2014, the company operated approximately 1.1 million access line equivalents, including approximately 322,000 broadband subscribers 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.

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 External Affairs ...
Total Annual Compensation: $328.0K
Chief Revenue Officer and Executive Vice Pres...
Total Annual Compensation: $325.5K
Compensation as of Fiscal Year 2013.

fairpoint communications inc (FRP) Key Developments

Fairpoint Communications, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

Fairpoint Communications, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, total revenue was $217,122,000 against $233,396,000 a year ago. Loss from operations was $32,671,000 against $6,192,000 a year ago. Loss from continuing operations before income taxes was $45,349,000 against $22,987,000 a year ago. Net loss was $43,624,000 against net income of $6,103,000 a year ago. Adjusted EBITDA was $100,470,000 against $67,215,000 a year ago. Capital expenditures were $37.2 million in the fourth quarter of 2013 as compared to $49.1 million a year earlier. The decrease year-over-year was due primarily to regulatory build-out requirements in fiscal year 2012. Unlevered free cash flow was $21,145,000 against $12,375,000 a year ago. The increase in unlevered free cash flow was due primarily to lower capital expenditures and higher adjusted EBITDA offset by pension contributions in the fourth quarter of 2013. The change in revenue was due primarily to a decline in voice services and access revenues, which was partially offset by growth in data and Internet services revenue. Adjusted income from continuing operations excluding depreciation, amortization and reorganization was $67,215,000 against $62,688,000 a year ago. For the full year, revenue was $901,396,000 against $939,354,000 a year ago. Loss from operations was $93,274,000 against $113,186,000 a year ago. Loss from continuing operations before income taxes was $166,097,000 against $193,785,000 a year ago. Net loss was $136,319,000 or $5.15 per basic and diluted share against $93,450,000 or $3.57 per basic and diluted share a year ago. Adjusted EBITDA was $290,574,000 against $265,030,000 a year ago. Net cash provided by operating activities was $121,063,000 against $171,085,000 a year ago. Net capital additions were $119,489,000 against $128,298,000 a year ago. Net loss from continuing operations was $136,319,000 or basic and diluted loss per share from continuing operations of $5.15 compared to net loss from continuing operations of $93,450,000 or basic and diluted loss per share from continuing operations of $3.95 for the same period a year ago. For full year 2015, the company expects to generate $105 million to $125 million of Unlevered Free Cash Flow adjusted for Estimated Avoided Costs in the first quarter. In addition, annual capital expenditures are expected to be less than $120 million and aggregate annual pension contributions and OPEB payments are expected to be approximately $20 million. The company not providing adjusted EBITDA guidance at this time due to the uncertain impact of the strike on revenue that continued into the first quarter of 2015.

Fairpoint Communications, Inc. to Report Q4, 2014 Results on Mar 04, 2015

Fairpoint Communications, Inc. announced that they will report Q4, 2014 results at 4:30 PM, Eastern Daylight on Mar 04, 2015

Fairpoint Communications, Inc., Q4 2014 Earnings Call, Mar 04, 2015

Fairpoint Communications, Inc., Q4 2014 Earnings Call, Mar 04, 2015

 

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