ATN Q4 2019 Earnings Report
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.
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ATN Revenue by Segment
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.