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Jun 30, 2024
ATN Q2 2024 Earnings Report
Reported financial results for the second quarter of 2024, showing progress in leveraging investments for top-line growth and improved operating efficiency.
Key Takeaways
ATN International reported a 6% increase in consolidated Adjusted EBITDA, driven by International Telecom segment growth and cost management, while US Telecom performance aligned with expectations due to the ECF program's expiration. The company is focused on maximizing investments in upgraded network assets and margin improvement.
Consolidated revenues decreased by 2% to $183.3 million due to the end of the ECF program in the US Telecom segment.
Operating income increased significantly to $24.3 million, primarily due to a gain on asset disposition and reduced operating expenses.
Net income attributable to ATN stockholders rose to $9.0 million, or $0.50 per diluted share.
Adjusted EBITDA increased to $48.7 million due to lower operating expenses offsetting the revenue decrease.
Revenue by Segment
Forward Guidance
The Company is reaffirming its guidance and outlook for the full-year ended December 31, 2024 and expects internally funded capital investments to be in the range of 10% to 15% of revenues in 2025.
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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