Earnings: MDC Q2 For 2011, Revenue Grows By 41.6%

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