Consolidated reports 4Q profits

Consolidated reports 4Q profits

MATTOON — Consolidated Communications Holdings on Thursday reported net income of $2.23 million for the fourth quarter of 2012.

For shareholders, that translated to diluted earnings of 5 cents per share.

The Mattoon-based company provides voice, video and Internet service to customers in Illinois, Pennsylvania, Texas, California, Missouri and Kansas. It merged last year with California-based SureWest Communications.

CEO Bob Currey said the merged companies saw revenues increase by 1.8 percent from a year earlier. Adjusted earnings before interest, tax, depreciation and amortization were up 5.8 percent from a year earlier.

Currey said the integration of SureWest "is on plan and going well." He said 74 percent of the company's revenues now come from the business and broadband growth areas.

Sections (2):News, Business
Categories (3):News, Miscellaneous, Business
Location (3):Local, Mattoon, Coles County

Comments

News-Gazette.com embraces discussion of both community and world issues. We welcome you to contribute your ideas, opinions and comments, but we ask that you avoid personal attacks, vulgarity and hate speech. We reserve the right to remove any comment at our discretion, and we will block repeat offenders' accounts. To post comments, you must first be a registered user, and your username will appear with any comment you post. Happy posting.

Login or register to post comments