- CyrusOne's (NASDAQ:CONE) Q4 results featured strong revenue and EBITDA gains and a beat on funds from operations that rose by more than a third.
- Normalized FFO came to $0.84/share, above expectations for $0.76; EBITDA of $104.2M was up 43% and beat an expected $102M.
- Shares are flat in after-hours trading.
- “The revenue and Adjusted EBITDA growth rates for the quarter were among our highest since going public,” says CEO Gary Wojtaszek.
- It's boosting its Q1 dividend by 10%, to $0.46/share.
- The company also noted it hired Howard Garfield as senior VP and chief accounting officer, replacing the retiring Amitabh Rai.
- For 2018, it's guiding to total revenue of $810M-$825M (above consensus for $798.2M), base revenue of $735M-$745M, EBITDA of $460M-$70M (above expectations for $440.2M), and normalized FFO/share of $3.18-$3.28 (light of consensus for $3.30).
- Conference call to come tomorrow at 11 a.m. ET.
- Press release
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