– Guidance Achieved on All Metrics –
– Increased Hospitality Revenue Per Room –
– Positive Net Income Delivered –
LodgeNet Interactive Corporation (Nasdaq:LNET) today reported quarterly revenue of $106.8 million compared to $113.8 million in the third quarter of 2010. Operating Income increased 30.5% to $8.9 million versus $6.8 million during last year’s third quarter. Net income attributable to common stockholders was a positive $0.02 per share, a significant improvement over the $(0.12) per share loss during the third quarter of 2010. Adjusted Operating Cash Flow1 for the quarter was $27.0 million, which was at the high end of the Company’s guidance range of $24 million to $27 million.
Click here to review the results for Third Quarter 2011.
(1) Adjusted Operating Cash Flow is a non-GAAP measure which we define as Operating Income exclusive of depreciation, amortization, share-based compensation, restructuring and reorganization expenses and debt issuance costs.