tw telecom Reports Third Quarter EPS of $.11

tw telecom inc. TWTC today announced its third quarter 2010 financial results, including $320.3 million of revenue, $115.5 million in Modified EBITDA, $23.8 million in levered free cash flow and net income of $16.1 million.

Highlights for the Quarter

• Grew total revenue 5% year over year and 1% sequentially.  
• Grew enterprise revenue 6% year over year and 1% sequentially.  
• Grew data and Internet revenue 16% year over year and 3% sequentially.  As a subset of data and Internet revenue, grew Ethernet and managed VPN services 28% year over year.
• Achieved a 20% increase in bookings(4), or sales, for the first nine months of the year compared to the same period last year
• Grew M-EBITDA 6% year over year and 1% sequentially.  Achieved a 36.1% M-EBITDA margin
• Delivered $23.8 million of levered free cash flow, representing 7% of revenue
• Grew EPS $0.06 per basic share year over year to $0.11, and returned $8 million to shareholders in the form of share repurchases in the current quarter and $12 million year to date
• Ended the quarter with $507.5 million in cash, equivalents and short term investments