Coinstar, Inc. (Nasdaq:CSTR - News) today announced financial results for the third quarter and nine months ended September 30, 2011.
"We delivered another strong quarter with growth at the top and bottom line," said Paul Davis, chief executive officer of Coinstar, Inc. "Our redbox business alone passed $1 billion dollars in revenue year to date and became the leading renter of DVDs by staying focused on delivering great value and convenience to our consumers."
Davis continued, "Our Coin business gained traction in initiatives to engage consumers and generate growth and our New Ventures segment is moving forward with our innovative automated retail concepts. We are pleased with our performance and are confident in our ability to continue to provide value to our consumers, partners and shareholders."
Financial highlights for the 2011 third quarter and nine months ended September 30, 2011, included:
|
|
|
2011 Third Quarter
|
|
2011 Nine Months
|
|
|
|
$
|
465.6
|
million
|
|
$
|
1,324.9
|
million
|
|
|
|
$
|
65.6
|
million
|
|
$
|
155.2
|
million
|
|
- Adjusted EBITDA from continuing operations (See Appendix A)
|
$
|
104.8
|
million
|
|
$
|
272.6
|
million
|
|
- Diluted earnings per share from continuing operations
|
$
|
1.18
|
|
|
$
|
2.61
|
|
|
- Net cash flows from operating activities from continuing operations
|
$
|
89.8
|
million
|
|
$
|
261.6
|
million
|
|
- Free cash flow from continuing operations (See Appendix A)
|
$
|
42.9
|
million
|
|
$
|
126.9
|
million
|
|
|
|
| |
|
|
|
|
|
|
|