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Jun 30, 2023
ATN Q2 2023 Earnings Report
ATN International reported an increase in revenue and customer base, contributing to margin improvement and Adjusted EBITDA expansion, aligning with its three-year plan.
Key Takeaways
ATN International reported a 4% increase in consolidated revenues to $186.4 million, driven by higher mobility and fixed revenues. Operating income rose to $2.4 million, and Adjusted EBITDA increased to $45.8 million. The company is focused on increasing free cash flow and reducing leverage ratio as network spending moderates.
Revenues increased by 4% year over year, reaching $186.4 million.
Operating income rose to $2.4 million from $1.7 million in the year-ago quarter.
Adjusted EBITDA increased to $45.8 million, from $41.7 million in the year-ago quarter.
Company reiterated its outlook for the full year ending December 31, 2023.
Revenue by Segment
Forward Guidance
The Company is continuing investments in its “Glass & Steel™” and “First-to-Fiber” market strategies and believes it remains well-positioned to achieve the growth rate targets, capital expenditure levels projected, and projected leverage ratios.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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