Windstream, a local phone provider in Lexington, announced third-quarter earnings Friday that benefited from the company's recent acquisitions.
The company's revenue jumped 6 percent to $1.02 billion from $965.8 million in the same period a year ago. But had Windstream had the same holdings last year, revenues would have fallen 1 percent.
Earnings were $71.5 million, or 14 cents a share, down from $85.2 million, or 18 cents a share a year ago. This year's results included $13 million in merger, integration and restructuring costs, as well as a $13 million loss linked to retiring debt early. The company said those factors reduced earnings per share by 5 cents.
Despite the profit drop, Windstream had success in its revamped strategy of focusing on boosting revenue from businesses. Its business service revenue grew to $498 million, up 2 percent even if it had owned all of the same businesses a year ago.
Broadband revenue from consumers was up 7 percent to $118 million under the same measure. Windstream added 9,300 broadband customers in the quarter, growing that customer base 4 percent year over year to 1.35 million.
"I am very pleased with the improvements in revenue trends we have accomplished this year," said CEO Jeff Gardner in a statement.
Weakness continued in its land-line phone business, though. Access lines fell by 37,000 during the quarter, or 3.9 percent year over year, to 3.22 million.