Lumen Q3 net income $578M, adj EPS $0.14; cuts dividend; authorizes $1.5B buyback; proposes $1.8B EMEA sale

Lumen Technologies, Inc.

2022-Q3 EPS reported $1.50 revenue$13,678,000,000

Q3 net income $578M ($0.57 diluted EPS), adj diluted EPS $0.14 vs $0.49 prior year.
Adjusted EBITDA $1.688B vs $2.078B prior year; Free Cash Flow $620M vs $1.072B.
Completed $2.7B Latin American divestiture (Aug 1) and $7.5B ILEC divestiture (Oct 3).
Eliminated stock dividend; authorized up to $1.5B two-year share repurchase program.
Announced exclusive arrangement to sell EMEA business to Colt for $1.8B.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Lumen Technologies, Inc. reported third quarter of 2022 results: net income $578 million, EPS $0.57.

Period: third quarter of 2022
Net income: $578 million
EPS: $0.57
Result: reported results

Exact text from the filing

Reported Net Income of $578 million for the third quarter 2022, compared to reported Net Income of $544 million for the third quarter 2021

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Lumen Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0000018926-22-000038

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