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TW Telecom News

  • Achieved 35.1% M-EBITDA margin, a 210 basis point expansion year over year
  • Delivered $14 million levered free cash flow, or 5% of revenue
  • Produced $3 million of Net Income, reflecting $0.02 earnings per share1,
    representing growth of $0.05 per share year over year

tw-telecomLITTLETON, Colo. – May 11, 2009 – tw telecom inc. (NASDAQ: TWTC), a leading provider of managed voice, Internet and data networking solutions for business customers, today announced its first quarter 2009 financial results, including $297.6 million of revenue, $104.4 million in Modified EBITDA2 (“M-EBITDA”) and net income of $2.9 million.
“We performed well in a difficult economic environment, delivering another solid quarter,” said Larissa Herda, tw telecom’s Chairman, CEO and President. “We continued to grow revenue, deliver impressive margins and generate solid cash flow while maintaining our strong liquidity. Profitably growing revenue is our top priority as we leverage customer demand for our Ethernet, IPVPN, Internet solutions and our recently launched managed services. We expect ongoing headwinds from the economy, therefore we remain nimble with a very disciplined approach. At the same time we continue to position for the future by investing in the customer experience and strategic development of our network reach and product portfolio.”

Highlights for the First Quarter 2009

•Grew total revenue 5% year over year and 1% sequentially
•Grew enterprise revenue 9% year over year and 2% sequentially
•Grew data and Internet revenue 21% year over year and 4% sequentially
•Grew M-EBITDA 12% year over year, and was nearly flat sequentially
•Achieved a 35.1% M-EBITDA margin, a 210 basis point improvement year over year
•Delivered $14.5 million of levered free cash flow4, representing 5% of revenue
•Ended the quarter with $353.2 million in cash and equivalents, and sequentially improved days sales outstanding for receivables and decreased bad debt expense
•Implemented FASB Staff Position APB 14-1 for convertible debt, which increased non cash interest expense and decreased net income, thereby lowering EPS with various impacts to the balance sheet, including decreasing debt.

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National Business Broadband Policy?

March 7, 2009 TW Telecom News

Larissa Herda, TW Telecom’s Chairman, CEO and presedent, called on the competitive business broadband providers to engage Congress and the FCC in establishing a national Broadband Policy for Businesses that will spur innovation for enterprises and create jobs in a New Broadband economy.
A comprehensive broadband policy for businesses is foundational to create the growth, [...]

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Name change for Time Warner Telecom

May 5, 2008 TW Telecom News

Time Warner Telecom Inc. will be changing their name to TW Telecom on July 1st. The name have been operating under (Time Warner Telecom) is licenced from Time Warner Inc. but the agreement expires June 30th. However this is a good oppertunity to build a new brand.
 “The time is right to focus our brand around [...]

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Time Warner Telecom reports strong Q3 2007

November 7, 2007 TW Telecom News

Time Warner Telecom Inc. (NASDAQ: TWTC), a leading provider of managed voice and data networking solutions for business customers, today announced its third quarter 2007 financial results, including $274.8 million of revenue, $86.4 million in Modified EBITDA1 (“M-EBITDA”) and a net loss of $11.6 million.

“We continue to deliver strong enterprise revenue growth, drive sales [...]

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