Endurance International Group Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Earnings Guidance for the Year Ending December 31, 2018
For the six months, revenue was $579,126,000 compared to $587,395,000 a year ago. Income from operations was $69,177,000 compared to $26,241,000 a year ago. Loss before income taxes and equity earnings of unconsolidated entities was $4,788,000 compared to $58,630,000 a year ago. Net loss attributable to the company was $9,057,000 or $0.06 per basic and diluted share compared to $74,517,000 or $0.55 per basic and diluted share a year ago. Net cash provided by operating activities was $82,252,000 compared to $82,422,000 a year ago. Purchases of property and equipment were $13,381,000 compared to $19,295,000 a year ago. Adjusted EBITDA was $171,220,000 compared to $162,647,000 a year ago. Capital expenditures and capital lease obligations was $17,290,000 compared to $23,203,000 a year ago.
For the year ending December 31, 2018, the company expected GAAP revenue between $1.140 billion to $1.160 billion, adjusted EBITDA of $310 million to $330 million and free cash flow of approximately $120 million. The company expected net loss to in the range of $35 million to $21 million. The company expected capital expenditures and capital lease obligations of $58 million and estimated cash flow from operations of $178 million. The company estimated interest expense (net) to be in the range of $149 million to $150 million, estimated income tax expense (benefit) to be in the range of $5 million to $6 million and estimated depreciation to be $50 million.