Windstream Corporation today announced net income of $85 million for the third quarter, a 7 percent increase from a year ago, driven by total revenues of $966 million, up 32 percent from the same period in 2009.
"I am very pleased with our third quarter results," said Jeff Gardner, Windstream's president and CEO. "We are executing well on all fronts as evidenced by the improving revenue trends in both our business and consumer channels. In addition, our integration efforts of recent acquisitions are proceeding as planned."
Windstream added 15,700 new high-speed internet customers during the third quarter, bringing its total customer base to approximately 1.29 million, an 8 percent increase from the same period a year ago. Broadband penetration now stands at 42 percent of total voice lines and 60 percent of primary residential lines.
The Little Rock, Ark.,-headquartered communications firm, which completed the acquisition of Newton-based Iowa Telecom in June, also added more than 13,000 digital TV customers in the quarter bringing its total to approximately 433,000. That represents a 22 percent penetration rate of primary residential lines.
Total access lines for the quarter, however, declined about 30,700, a 3.7 percent decline year-over-year. Total lines at the end of the third quarter stood at approximately 3.3 million.
You can read the full press release on Windstream's third quarter earnings here.