Endurance International Group Holdings, Inc. Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2017; Reports Impairment for the Third Quarter of 2017; Revises Earnings Guidance for the Full Year Ending December 31, 2017; Provides Impairment Guidance for the Full Year Ending December 31, 2017
For the nine months, the company's revenue was $882,617,000 compared to $819,019,000 a year ago. Income from operations was $25,171,000 compared to loss of $63,600,000 a year ago. Loss before income taxes and equity earnings of unconsolidated entities was $95,945,000 compared to $169,170,000 a year ago. Loss before equity earnings of unconsolidated entities was $107,329,000 compared to $47,950,000 a year ago. Net loss attributable to the company was $114,781,000 or $0.84 per basic and diluted share compared to $37,966,000 or $0.29 per basic and diluted share a year ago. Net cash provided by operating activities was $128,866,000 compared to $101,804,000 a year ago. Purchases of property and equipment were $32,095,000 compared to $29,317,000 a year ago. Adjusted EBITDA were $256,412,000 compared to $201,423,000 a year ago. Purchases of intangible assets were $1,966,000 against $27,000 a year ago.
For the third quarter of 2017, the company reported impairment of other long-lived assets of $14,448,000.
The company revised earnings guidance for the full year ending December 31, 2017. The company is increasing its adjusted EBITDA expectations for the year by approximately $8 million from the midpoint of prior guidance. For the year, the company expects GAAP revenue of 5% - 5.5% increase, net loss of $121 million, adjusted EBITDA of $340 million, cash flow from operations of $190 million, capital expenditures and capital lease obligations of $50 million, free cash flow of $140 million, interest expense (net) of $156 million, income tax expense of $12 million, depreciation of $55 million and amortization of acquired intangible assets of $139 million.
The company provided impairment guidance for the full year ending December 31, 2017. For the year, the company expects impairment of other long-lived assets of $14 million.