Telus Clocks ~10% Revenue Growth In Q3 Backed By Customer Additions; Boosts Dividend By 7.2%

Telus Corp (NYSE: TU) reported third-quarter FY22 operating revenues and other income growth of 9.9% year-on-year to CA$4.67 billion.
Total telecom subscriber connections grew 6.3% Y/Y to 17.7 million.
It made 347,000 new customer net additions in the quarter, up 27,000 over last year, including 150,000 mobile phones, 124,000 connected devices, 36,000 internet, 25,000 security, and 18,000 TV customer connections. The mobile phone churn was 0.95%.
Adjusted basic EPS was CA$0.34, up 17% Y/Y.
Adjusted EBITDA increased by 10.7% Y/Y to CA$1.72 billion.
The company generated CA$1.3 billion in operating cash flow and CA$331 million in free cash flow.
Dividend: The board raised the quarterly dividend by 7.2% to CA$0.3511 per share.
Outlook: Telus cut its 2022 financial guidance targeting operating revenue growth of 8%, down from the previous 8%-10.
It tightened adjusted EBITDA guidance to 9%-10% versus the previous 8%-10%.
Telus boosted free cash flow guidance to CA$1.3 billion, up from the previous CA$1 billion - CA$1.2 billion.
Price Action: TU shares traded higher by 3.85% at $21.17 on the last check Friday.
Photo Via Wikimedia Commons

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