secwatch.observer — SEC 8-K summary
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Issuer:     Lumen Technologies, Inc. (LUMN)
CIK:        0000018926
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0000018926-22-000038
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18926/000001892622000038/0000018926-22-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18926/000001892622000038/lumn-20221102.htm
  HTML page:      https://secwatch.observer/filing/0000018926-22-000038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer