FYBR - Frontier Communications Parent GAAP EPS of $0.26 beats by $0.03 revenue of $1.45B in-line; reaffirms FY22 guidance

Frontier Communications Parent press release (NASDAQ:FYBR): Q1 GAAP EPS of $0.26 beats by $0.03. Revenue of $1.45B (-13.7% Y/Y) in-line. Built fiber to a record 211,000 locations. Adjusted EBITDA of $509 million. Added a record 54,000 fiber broadband customer net additions, resulting in fiber broadband customer growth of 10.4% from the first quarter of 2021. Reaffirmed its operational and financial guidance expectations for 2022: Adjusted EBITDA of $2.00 - $2.15 billion; Fiber build to at least 1 million new locations; Cash capital expenditures of $2.40 - $2.50 billion; Cash taxes of approximately $20 million; Net cash interest payments of approximately $430 million; Cash Pension and OPEB expense of approximately $75 million; Cash pension and OPEB contributions, including a catch-up from contribution waivers during bankruptcy, of approximately $135 million.

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Frontier Communications Parent GAAP EPS of $0.26 beats by $0.03, revenue of $1.45B in-line; reaffirms FY22 guidance