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Mar 31, 2022
Uniti Q1 2022 Earnings Report
Reported strong first quarter results with increased consolidated bookings and growth in Adjusted EBITDA and AFFO.
Key Takeaways
Uniti Group Inc. reported consolidated revenues of $278.0 million and net income of $52.9 million for the first quarter of 2022. Adjusted EBITDA grew 4.9% and AFFO grew 9.0% compared to the first quarter of 2021. The company also raised its 2022 outlook.
Consolidated bookings increased over 50% from the prior year.
Net income was $0.21 per diluted common share, an increase of $0.23 from the prior year first quarter.
Adjusted EBITDA and AFFO grew 4.9% and 9.0%, respectively, from the prior year first quarter.
AFFO per diluted common share was $0.43 for the first quarter.
Revenue by Segment
Forward Guidance
The Company is updating its 2022 outlook for business unit level revisions, the impact of transaction related and other costs incurred to date, and changes in the estimates of interest expense, depreciation & amortization and weighted-average diluted common shares outstanding.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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