RHD Posts Q2 Earnings

Picture 22YP publisher RH Donnelley this afternoon announced Q2 earnings:

R.H. Donnelley Corporation . . . reported second quarter 2009 net revenue of $566 million, representing a 15 percent decline from second quarter 2008. Adjusted EBITDA(1) in the quarter was $293 million, down 20 percent from second quarter 2008. Adjusted free cash flow in the quarter was $164 million – based on cash flow from operations of $121 million, capital expenditures of $6 million and $49 million related to reorganizational, restructuring and restricted stock unit payments – up from $159 million in second quarter 2008, primarily due to the termination of bond interest payments while in bankruptcy. Second quarter advertising sales were $523 million, down 23 percent from advertising sales in the second quarter 2008. Net loss was $75 million in the quarter compared to a net loss of $339 million in second quarter 2008.

“Second quarter advertising sales were $523 million, down 23 percent from advertising sales in the second quarter 2008.”

Here are the filings for those who want to dig deeper.


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