Q2 Earnings and Revenues Surpass Estimates
Quarterly Results
Earnings per share were up 100.00% year over year to ($0.00), which beat the estimate of ($0.10).
Revenue of $114,702,000 decreased by 6.10% from the same period last year, which beat the estimate of $89,200,000.
Highlights include:
Reported second quarter revenues of $114.7 million, net income of $6.1 million and operating cash flow of $24.5 million;
Delivered second quarter Adjusted EBITDA of $28.1 million and free cash flow of $25.1 million; and
Reduced leverage ratio to 2.34x as of June 30, 2020 from 2.54x as of March 31, 2020.
Quarterly Results
Earnings per share were up 100.00% year over year to ($0.00), which beat the estimate of ($0.10).
Revenue of $114,702,000 decreased by 6.10% from the same period last year, which beat the estimate of $89,200,000.
Highlights include:
Reported second quarter revenues of $114.7 million, net income of $6.1 million and operating cash flow of $24.5 million;
Delivered second quarter Adjusted EBITDA of $28.1 million and free cash flow of $25.1 million; and
Reduced leverage ratio to 2.34x as of June 30, 2020 from 2.54x as of March 31, 2020.