ATN Q1 2024 Earnings Report
Key Takeaways
ATN International reported a 1% increase in consolidated revenues to $186.8 million, driven by growth in the International Telecom segment, offset by declines in the US Telecom segment. The company experienced a net loss of $(6.3) million, or $(0.50) per share, and Adjusted EBITDA decreased to $43.5 million. They are revising 2024 guidance due to project delays and weaker business revenues in the US Telecom segment.
Consolidated revenues increased by 1% year-over-year to $186.8 million.
Operating income increased to $4.6 million compared to $0.6 million in the year-ago quarter.
Net loss attributable to ATN stockholders was $(6.3) million, or a loss of $(0.50) per share.
Adjusted EBITDA decreased to $43.5 million from $44.8 million in the year-ago quarter.
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ATN Revenue by Segment
Forward Guidance
The Company is revising its guidance and outlook for the full year ended December 31, 2024. ATN continues to expect internally funded capital investments to be in the range of 10-15% of revenues beginning in 2025.
Positive Outlook
- Increasing cash flow
- Driving positive returns
- Realized efficiencies
- Leveraging ATN’s high-quality network assets