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Jun 30, 2024
Uniti Q2 2024 Earnings Report
Reported solid results driven by strong demand for fiber infrastructure and progress on the merger with Windstream.
Key Takeaways
Uniti Group reported consolidated revenues of $294.9 million and net income of $18.3 million for the second quarter of 2024. The company is making progress on its merger with Windstream, expecting it to close by the second half of 2025.
Consolidated revenues for the second quarter of 2024 were $294.9 million.
Net income for the second quarter was $18.3 million.
Adjusted EBITDA was $236.7 million, with margins of approximately 80%.
AFFO attributable to common shareholders was $92.3 million, or $0.34 per diluted common share.
Revenue by Segment
Forward Guidance
The company is updating its 2024 outlook primarily for business unit level revisions, recent financing transactions, and transaction related and other costs incurred to date. The outlook excludes any impact from the expected merger with Windstream, future acquisitions, capital market transactions, and future transaction-related and other costs not mentioned herein.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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