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Sep 30, 2024
Shentel Q3 2024 Earnings Report
Shentel's Q3 2024 results were announced, highlighting record Glo Fiber net additions and revenue, driving top-line revenue growth.
Key Takeaways
Shentel reported record Glo Fiber net additions and revenue in Q3 2024, leading to top-line revenue growth. The company is making progress with the Horizon acquisition integration, expecting $11 million in annual synergy savings. Glo Fiber and synergies are expected to be key growth catalysts in 2025.
Glo Fiber achieved record net additions and revenue.
Top-line revenue growth was driven by Glo Fiber performance.
Integration of the Horizon acquisition is progressing, with four of six back-office systems converted.
Annual synergy savings of $11 million are expected from the Horizon acquisition.
Forward Guidance
Shentel expects Glo Fiber and synergies to be key growth catalysts in 2025 and drivers of margin expansion.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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