UniTek Global Services, Inc. Reports Second Quarter and First Half 2011 ... MarketWatch (press release)

16.08.11

, A premier provider of permanently outsourced infrastructure services to the wireless and wireline telecommunications, public safety, broadband cable and satellite television industries, today announced financial results for the second quarter ended July 2, 2011. The Company also introduced financial guidance for the third quarter of fiscal 2011 and updated its outlook for the full year.

Second Quarter 2011 and Recent Business Highlights

-- For the quarter ended July 2, 2011, revenue increased 2% to $106.4 million, compared with $104.2 million in the second quarter of 2010. -- Adjusted EBITDA(1) for the second quarter of 2011 increased 26% to $10.0 million, compared with adjusted EBITDA(1) of $7.9 million for the second quarter of 2010. -- Net loss increased by 4.9% from $(6.1) million for the second quarter of 2010 to $(6.4) million for the second quarter of 2011, including

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