PAETEC Holding Corp. (NASDAQ GS: PAET), which provides data, voice and Internet solutions to business-class customers nationwide, today announced full year financial guidance for the fiscal year ending December 31, 2009.
“Continued strong cash flow and new sales have provided stability for PAETEC and we are pleased to guide investors for the remainder of 2009,” said PAETEC
Chairman and CEO, Arunas A. Chesonis. “We anticipate addressing 2009 full year guidance during our third quarter earnings call in November and providing full year
guidance for 2010 during our fourth quarter and fiscal year-end earnings call the early part of next year.”
PAETEC’s revenue and adjusted EBITDA expectations for the full year 2009 assume, among other matters, that there is no further significant decline in economic conditions and that there are no significant changes in the competitive or regulatory environments.
PAETEC’s revenue and adjusted EBITDA expectations for full year 2009 are as follows: ($ in millions)
Revenue $1,575 to $1,585
Adjusted EBITDA1 $245 to $255 [click to read the rest…]
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