One-time charges and lower sales weighed on Windstream Corp. in the second quarter, leading the Tier 2 LEC to report a 23 percent decline in profit.
Net income fell to $90.8 million, compared to $102 million in 2008’s second quarter, Windstream said on Thursday. That’s because the service provider incurred several one-time charges: a $14 million pension expense, a $5 million amortization cost and $1 million in charges for the pending D&E Communications purchase.
Sales dropped too, from $799.9 million to $752.9 million.
Customer additions included 15,000 new broadband users.
