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Jun 30, 2022

Uniti Q2 2022 Earnings Report

Reported second quarter 2022 results and raised 2022 outlook.

Key Takeaways

Uniti Group Inc. announced its Q2 2022 results, featuring a net income of $53.8 million, an 8.3% increase from the prior year's second quarter. The company saw growth in Adjusted EBITDA and AFFO, increasing by 5.3% and 11.3% respectively.

Net Income of $53.8 million for the Second Quarter; 8.3% Increase from the Prior Year Second Quarter

Net Income of $0.21 Per Diluted Common Share for the Second Quarter; 5.0% Increase from the Prior Year Second Quarter

Adjusted EBITDA and AFFO Grew 5.3% and 11.3% for the Second Quarter, Respectively, from the Prior Year Second Quarter

AFFO Per Diluted Common Share of $0.44 for the Second Quarter; 7.3% Increase from the Prior Year Second Quarter

Total Revenue
$284M
Previous year: $268M
+5.9%
EPS
$0.44
Previous year: $0.41
+7.3%
Gross Profit
$281M
Previous year: $268M
+4.9%
Cash and Equivalents
$361M
Previous year: $574M
-37.0%
Total Assets
$4.96B
Previous year: $4.75B
+4.4%

Uniti

Uniti

Uniti Revenue by Segment

Forward Guidance

The Company is updating its 2022 outlook primarily for business unit level revisions, and the impact of transaction related and other costs incurred to date.

Revenue & Expenses

Visualization of income flow from segment revenue to net income