North State Telephone Company Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
North State Telephone Company reported consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, consolidated net operating revenue was $27.8 million, up 20%. Operating income was $1.7 million, up 59%. Net income was $2.4 million, up 26%. EBITDA was $9.3 million, up 12%, representing a margin of 33%. Earnings per share were $1.05, up 27%. Capital expenditures were $5.1 million, up 2%.
For the six months, the company has posted consolidated NOR of $56.5 million, up 23%. Total strategic revenue of $37.1 million, up 44%, and 66% of NOR. Operating income was $4.3 million, up 40%. Net income was $4.8 million, up 9%. EBITDA was $18.3 million, up 8%, representing a margin of 32%. Earnings per share were $2.09, up 9%. Total cash generation was $18.5 million, up 66%. Capital expenditures were $9.3 million, down 28%.