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LodgeNet Reports Results for Second Quarter 2011


- Guidance Achieved on All Metrics -
- Operating Income Up 35% -
- Healthcare Subsidiary Created to Drive Future Growth -

LodgeNet Interactive Corporation (Nasdaq:LNET) today reported quarterly revenue of $106.6 million compared to $113.1 million in the second quarter of 2010. Operating Income increased 34.9% to $8.2 million versus $6.1 million during last year’s second quarter. Net loss attributable to common stockholders was $(0.17) per share, a 5.6% improvement compared to $(0.18) per share during the second quarter of 2010. Adjusted Operating Cash Flow1 for the quarter was $26.4 million, which was at the midpoint of the Company’s guidance range of $25 million to $28 million, or 5.2% below the second quarter of 2010.

Click here to review the results for Second 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.

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