Alaska Communications Reports Fourth Quarter and Year-End 2017 Results
Alaska Comm Systems Group, Inc (ALSK)
Last alaska comm systems group, inc earnings: 11/5 05:00 pm
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alsk.com
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Source: Business Wire
-Posted 2017 Total Revenues of $226.9 Million- -Reported 2017 Broadband Revenue Growth of 6.3%- ANCHORAGE, Alaska--(BUSINESS WIRE)-- Alaska Communications Systems Group, Inc. (NASDAQ: ALSK) today reported financial results for its fourth quarter and full year ended Dec. 31, 2017. “The results for 2017 reflect year over year stability in our top-line performance. Revenue stability combined with tight management of operating and capital expenditures enabled us to generate $8.1 million in free cash flow, which was above our guidance for the year. Our full year revenue performance was driven by growth in broadband, in particular by Wholesale broadband including wireless carrier backhaul and federal end-user demand, moderated by lower than expected growth from our health care vertical. While our full year revenue was flat year over year, our fourth quarter 2017 revenue declined due to
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