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

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