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Dec 31, 2019
ATN Q4 2019 Earnings Report
ATN's Q4 2019 results were reported, showing revenue growth and increased Adjusted EBITDA.
Key Takeaways
ATN International reported a 4% increase in consolidated revenues for Q4 2019, reaching $112.1 million. Adjusted EBITDA increased by 22% to $28.5 million. The company experienced an operating loss of $1.7 million due to goodwill impairment charges, while net loss attributable to ATN's stockholders was $9.8 million, or $0.61 per share.
Consolidated telecom revenues increased at a high single-digit rate, driving higher growth in Adjusted EBITDA.
International Telecom segment saw broad-based growth due to broadband services and recovery in the US Virgin Islands.
US Telecom operations experienced double-digit revenue growth from wholesale wireless revenue and CAF II.
Net income was impacted by $5.8 million in charges related to the solar operations in India.
Forward Guidance
ATN expects core telecom businesses to continue to increase segment revenue and Adjusted EBITDA for the year 2020.
Positive Outlook
- International Telecom segment has a broadening revenue base.
- International Telecom segment has the potential to participate in macro-economic growth in multiple markets.
- International Telecom segment has the potential to increase share and drive operating efficiencies.
- US Telecom segment has made great strides towards strengthening its wholesale revenue pipeline.
- Geoverse subsidiary is well positioned to play a major role in the promising “private LTE” market.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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