ATN Q1 2021 Earnings Report
Key Takeaways
ATN International reported a revenue increase of 12% year-over-year, driven by growth in the US Telecom segment and international broadband and mobile subscriber levels. However, operating income and Adjusted EBITDA decreased due to higher expense levels, particularly in the US Telecom segment as it transitions to a broader communications infrastructure platform.
Consolidated revenues increased by 12% year-over-year to $124.5 million.
Operating income decreased to $3.3 million, and Adjusted EBITDA decreased to $24.7 million.
Net income attributable to ATN's stockholders was $2.7 million, or $0.17 per diluted share.
US Telecom revenues increased by 48%, driven by FirstNet construction revenues and growth in fixed enterprise and residential revenues.
ATN
ATN
ATN Revenue by Segment
Forward Guidance
The company expects the acquisition of Alaska Communications to close in the middle of the year, which is expected to bring a substantial increase in revenue and EBITDA. They also expect to complete an additional 35% of the total FirstNet build by the end of 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income