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Article: PAETEC Holding Corp. Announces Third Quarter 2009 Results.
- Article from:
- Business Wire
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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* Third quarter revenue of $395.7 million, a $500 thousand sequential increase over second quarter 2009 revenue
* Third quarter adjusted EBITDA* of $64.2 million, an increase of 11.2% over third quarter 2008 and $700 thousand sequentially over second quarter 2009
* 27(th) consecutive quarter of positive free cash flow,* which increased by $200 thousand from second quarter 2009 to $36.5 million
* $10.6 million reduction in loans outstanding under our credit facilities during third quarter 2009
FAIRPORT, N.Y. -- PAETEC Holding Corp. (NASDAQ GS: PAET) today announced third quarter 2009 financial and operating results. "PAETEC demonstrated ...