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Sep 30, 2020
ATN Q3 2020 Earnings Report
Reported third quarter 2020 results, demonstrating resilience in telecom services and improved profitability in the International Telecom segment.
Key Takeaways
ATN International reported a 3% decrease in consolidated revenues, reaching $111.7 million. Operating income decreased to $9.6 million, and EBITDA decreased by 5% to $31.1 million. Net income attributable to ATN's stockholders was $2.7 million, or $0.17 per diluted share.
International Telecom segment posted improved profitability with modest revenue increase and significant cost reductions.
Experienced strong demand for data services, including high-speed internet.
US Telecom results remained consistent, though year-on-year comparisons were negatively affected by restructured contracts.
Completed the first few sites of the FirstNet build-out and expect to complete approximately 25% of the sites by the end of this year.
ATN
ATN
ATN Revenue by Segment
Revenue by Segment
International Telecom Revenue
CapyFin.comUS Telecom Revenue
CapyFin.com Forward Guidance
ATN is focused on using the cash flow from operations and balance sheet capacity to invest in initiatives and programs that have good prospects for growth and attractive risk-adjusted returns.
Revenue & Expenses
Visualization of income flow from segment revenue to net income