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Mar 31, 2022
Shentel Q1 2022 Earnings Report
Shentel announced financial results for Q1 2022, highlighting progress in its fiber first broadband strategy.
Key Takeaways
Shentel reported solid top line revenue growth, but margins were impacted by increases in operating expenses due to improved employee compensation and upgraded back-office systems. The company expects margin improvements in the second half of 2022 through cost savings initiatives.
Fiber first broadband strategy execution is progressing.
Glo Fiber net adds and passings reached a record quarter.
Operating expenses increased due to improved employee compensation.
Margin improvements are expected in the second half of 2022 through cost savings initiatives.
Forward Guidance
Shentel anticipates margin improvements in the second half of 2022 as they implement cost savings initiatives to drive costs out of the business.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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