Web.Com Group, Inc. (WEB) SEC Filing 10-Q Quarterly report for the period ending Friday, June 30, 2017

Earnings Press Release
10-Q Quarterly Report
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Web.Com Group, Inc.
Ticker: WEB CIK: 1095291



	Web.com Group, Inc. 12808 Gran Bay Parkway West Jacksonville, FL 32258 T: (904) 680-6600 F: (904) 880-0350 NASDAQ: WEB

Web.com Reports Second Quarter 2017 Financial Results


•	Strong performance exceeded revenue and profitability guidance


•	Generated $43.8 million of operating cash flow up from $30.8 million in the prior year


•	Reduced debt by $31.8 million

JACKSONVILLE, Fla. - August 3, 2017 -

Web.com Group, Inc. (NASDAQ: WEB), a leading global provider of a full range of Internet services and online marketing solutions for small businesses, today announced results for the second quarter ended June 30, 2017.

“Web.com reported second quarter financial results that beat our revenue and profitability targets. We achieved our goal of returning to sequential revenue growth driven by solid performance across all three areas of our business. The Company also delivered strong adjusted EBITDA and increasing free cash flow that we continue to deploy to drive shareholder value," said David L. Brown, chairman, chief executive officer and president of Web.com.

Brown added, "During the quarter, Web.com made meaningful progress towards our strategic initiatives for the year that will position us for improving growth and profitability. Web Brand Networks, our franchise and multi-location channel, and our vertical market solutions, including TORCHx and Lighthouse 360, are showing good results and we continue to improve our go-to-market efforts in Premium Services, our suite of high end marketing solutions. We are confident that as we further execute on our strategy that we will achieve our long term growth and profitability targets."

Summary of Second Quarter 2017 Financial Results:


•	Total revenue, calculated in accordance with U.S. generally accepted accounting principles (GAAP), was $186.7 million for the second quarter of 2017, compared to $187.8 million for the second quarter of 2016. Non-GAAP revenue was $188.1 million for the second quarter of 2017, compared to $193.9 million in the year-ago quarter.

•

GAAP operating income was $23.0 million for the second quarter of 2017, representing a 12% GAAP operating margin, compared to $7.6 million, representing a 4% GAAP operating margin, for the second quarter of 2016. Non-GAAP operating income was $42.9 million for the second quarter of 2017, representing a 23% non-GAAP operating margin, compared to $37.3 million for the second quarter of 2016, representing a 19% non-GAAP operating margin.


•	GAAP net income was $8.0 million, or $0.16 per diluted share, for the second quarter of 2017, representing a 4% GAAP net income margin. GAAP net loss was $1.6 million, or $0.03 per diluted share, for the second quarter of 2016, representing a -1% GAAP net loss margin.

The following information was filed by Web.Com Group, Inc. (WEB) on Thursday, August 3, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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