Frontier’s adjusted EBITDA
Frontier Communications (FTR) reported adjusted EBITDA of $873 million in the first quarter, which declined ~3.9% from the year-ago quarter and ~2.5% from the preceding quarter. For the full-year 2019, Frontier anticipates its adjusted EBITDA to be between $3.45 billion and $3.55 billion, down from $3.565 billion reported in 2018.
Frontier’s adjusted EBITDA margin expanded to 41.6% in the first quarter from 41.3% in the first quarter of 2018. The company has been reporting adjusted EBITDA margins of more than 40% over the past few quarters.
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During the first quarter, Frontier substantially expanded the transformation initiatives it announced in 2018. The efforts include operational enhancements, revenue enhancements, customer care, and technical support, which are expected to improve sales, enhance customer satisfaction, and reduce expenses.
Frontier is planning to continue to execute these initiatives in 2019 and 2020. The company is targeting a $500 million run-rate EBITDA benefit by the end of 2020.