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Sep 30, 2020

Uniti Q3 2020 Earnings Report

Announced strategic OpCo-PropCo transaction with Everstream and settlement of litigation with Windstream.

Key Takeaways

Uniti Group Inc. reported consolidated revenues of $258.8 million and net income of $7.5 million for the third quarter of 2020. The company also updated its 2020 outlook, reflecting the impact of the settlement agreement with Windstream and other business unit level revisions.

Revenues of $258.8 million for the third quarter.

Net Income of $0.04 Per Diluted Common Share for the third quarter.

AFFO Per Diluted Common Share of $0.42 for the third quarter.

Strategic OpCo-PropCo transaction with Everstream announced.

Total Revenue
$259M
Previous year: $264M
-1.8%
EPS
$0.42
Previous year: $0.47
-10.6%
Gross Profit
$221M
Previous year: $224M
-1.2%
Cash and Equivalents
$196M
Previous year: $197M
-0.9%
Total Assets
$4.84B
Previous year: $5.03B
-3.8%

Uniti

Uniti

Uniti Revenue by Segment

Forward Guidance

The Company is updating its 2020 outlook for (i) the revised impact from the effectiveness of our settlement agreement with Windstream, (ii) transaction related costs and other items reported in the third quarter of this year, and (iii) other business unit level revisions.

Revenue & Expenses

Visualization of income flow from segment revenue to net income