HOUSTON-Crown Castle International Corp. reported a net loss for the first quarter of $128.8 million, including $82.6 million in losses for early retirement of debt.
That compares with a net loss of $76.6 million for the same period last year, which included $24.4 million of losses from early retirement of debt. Net loss per share was 62 cents compared with a loss of 39 cents per share during last year’s first quarter.
Worldwide site rental revenue for the first quarter was $140.9 million, up 8.3 percent from $130.2 million reported for the first quarter of 2004. U.S. site rental revenue came in at $130.7 million compared with $120.9 million last year. Site rental in Australia generated revenue of $10.2 million.
Network services and other revenues totaled $16.2 million for the quarter, compared with $14.7 million for the same period last year.
The company’s operating loss was $6.1 million, even with last year. Adjusted earnings before interest, taxes, depreciation and amortization were $76.5 million, up 11.3 percent from $68.8 million last year.
Total capital expenditures were $9.6 million for the quarter.
For the second quarter, Crown Castle said it expects site rental revenues to range from $144 million to $146 million. The company expects site rental revenues to range from $575 million to $585 million for the full year.
