Communications company MDC reported their second quarter of 2011 with revenue of $240.5 million, an increase of 41.6% compared to $169.9 million in the second quarter of 2010.
MDC Financial Results Q2 2011 Highlights
- Revenue increased to $240.5 million versus $169.9 million in Q2 2010, an increase of 41.6%
- Free Cash Flow before working capital improved to $16.5 million versus $5.8 million in Q2 2010
- Total Free Cash Flow including working capital was $19.5 million versus $34.3 million in Q2 2010
- Technology and digital services revenue made up 51% of total revenues in Q2 2011
- Net new business wins of $38.6 million for Q2 2011
YEAR TO DATE HIGHLIGHTS:
- Revenue increased to $458.0 million versus $305.8 million in 2010, an increase of 49.8%
- Organic revenue increased 23.6% for YTD 2011
- EBITDA increased to $47.2 million versus $27.9 million in 2010, an increase of 69.3%
- EBITDA margins improved to 10.3% versus 9.1% in 2010, an increase of 120 basis points
- Free Cash Flow before working capital improved to $17.3 million versus $4.3 million for YTD 2010
- Total Free Cash Flow including working capital was an outflow of ($10.7) million versus $20.8 million for YTD 2010
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