Earnings Call Excerpt
Windstream Corporation (WIN)
Q4 2008 Earnings Call
February 4, 2009 08:30 am ET
Executives
Jeffery Gardner - President & CEO
Brent Whittington - Executive Vice President & CFO
Robert Clancy - Senior Vice President & Treasurer
Analysts
Michael Rollins - Citigroup
Michael Nelson - Stanford Financial Group
Thomas Seitz - Barclays
David Barden - Banc of America
Mike McCormack - JPMorgan
Jason Armstrong - Goldman Sachs & Co
Jason Frasier - Raymond James
Barry McCarver - Stephens Inc.
Presentation
Operator
Welcome to the fourth quarter 2008 Windstream Communications earning call. All lines are placed on mute. We would now like to introduce our speaker, Rob Clancy, Senior Vice President and Treasurer. You may begin, sir.
Robert Clancy
Thank you, Chadra, and good morning everyone. We appreciate you joining us this morning. Today’s conference call was preceded by our fourth quarter 2008 earnings release, which has been distributed on the newswires and is available from the ?investor relations? section of our web site. Today’s conference call should be considered together with our earnings release and related financial information.
Today's discussion will include certain forward-looking statements particularly as they pertain to guidance and other outlooks on our business. Please review the Safe Harbor language found in our press release and in our SEC filings which describe factors that could cause our actual results to differ materially from those projected by us in our forward-looking statements.
Today's discussion will also include certain non-GAAP financial measures. Again we refer you to the IR section of our web site where we have posted our earnings release and supplemental materials which contain information and reconciliation for any non-GAAP financial measures.
During the fourth quarter, Windstream completed the sale of our wireless business to AT&T for approximately $60 million in cash. Accordingly, we have presented the operating results of the wireless business again this quarter as discontinued operations, which includes the incremental tax expense related to the taxable gain on this sale.
Finally, we’ve provided our pro forma results from current businesses, which include VALOR and CT Communications and exclude our publishing and wireless business for all periods. We will make references to these pro forma results from current businesses including the year-over-year comparisons during our call.
Participating in our call this morning are Jeff Gardner, Windstream President and Chief Executive Officer; and Brent Whittington, Windstream Executive Vice President and Chief Financial Officer. At the end of the call, we will take a few questions. With that, here’s Jeff Gardner.
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