Crown Castle Earnings Reports

Crown Castle reported Q4 2024 revenue of $1.65 billion, slightly declining from the previous year. The company posted a net loss of $4.77 billion due to a $4.96 billion goodwill impairment charge related to the Fiber segment. Tower site rental revenues remained steady, while the company finalized the sale of its Fiber segment for $8.5 billion, positioning itself as a pure-play tower company.

Crown Castle reported Q3 2024 results with site rental revenues of $1,593 million and net income of $303 million. The company reaffirmed its full year 2024 Outlook for Adjusted EBITDA and AFFO. It also completed discussions with customers, resulting in the cancellation of approximately 7,000 greenfield small cell nodes.

Crown Castle's second quarter results demonstrated the durability and consistency of its business. The company remains on track to deliver its full year outlook for organic revenue growth of 4.5% in towers, 2% in fiber solutions, and double digits in small cells, adjusted for the impact of Sprint Cancellations. In the Fiber segment, Crown Castle announced and implemented changes in the second quarter to improve the investment outcomes on capital being spent on small cell anchor builds and fiber solutions opportunities. The company reduced its staffing levels and field office locations, which is expected to result in approximately $100 million of annualized run-rate operating cost savings.

Crown Castle reported a decrease in net income and site rental revenues for the first quarter of 2024 compared to the same period in 2023, but remains on track to meet its full year 2024 outlook. The company delivered 5.0% consolidated core organic growth.

Crown Castle delivered 2023 results in line with expectations, with tower organic revenue growth of 5% and fiber solutions revenue growth of approximately 3% in the fourth quarter. The company is focused on delivering on its 2024 Outlook and continuing to serve its customers, while supporting the strategic review of its Fiber business and providing stability through its CEO transition period.

Crown Castle reported a 1% increase in site rental revenues, reaching $1,577 million, and a net income of $265 million for Q3 2023. The company's full year 2023 outlook remains consistent with expectations of 5% tower organic revenue growth and deployment of 10,000 small cell nodes. The company expects full year 2024 organic growth excluding the impact of Sprint Cancellations of 4.5% from towers, 13% from small cells, based on plans to deliver approximately 14,000 small cell nodes, and 3% from fiber solutions to generate consolidated organic revenue growth of 5%.

Crown Castle reported second quarter results in line with expectations but updated its full year 2023 outlook to reflect lower tower activity. The company's core business remains robust, with growth in towers, small cells, and fiber solutions. Crown Castle anticipates double-digit annual revenue growth in its small cell business over the next several years.

Crown Castle reported first quarter results, showing growth in site rental revenues and maintained its full year 2023 outlook. The company is benefiting from the growth in demand for connectivity and the development of 5G.

Crown Castle reported strong growth in 2022, with a focus on the Towers segment and dividend per share growth. The company is navigating a challenging environment with increasing interest rates, and is excited about the continued momentum across its business, which is driving another year of expected strong growth in 2023.

Crown Castle reported strong Q3 2022 results with an 8% increase in site rental revenues and a 6.5% increase in the annualized common stock dividend. The company is optimistic about 5G development and expects continued growth in the Towers segment. Challenges include higher interest rates and Sprint network rationalization.

Crown Castle International Corp. reported a solid quarter of growth in the second quarter of 2022, increasing operating expectations for the full year. The company is supporting customers upgrading existing cell sites and deploying new sites as part of the 5G build out.

Crown Castle's first quarter 2022 results showed a 15% increase in site rental revenues and a 9% growth in AFFO per share, driven by a robust 5G leasing environment. The company has increased its full year 2022 outlook due to strong tower leasing activity.

Crown Castle International Corp. reported significant growth in 2021, driven by the initial phase of the 5G build-out in the U.S. The company anticipates continued tower leasing growth in 2022 and secured commitments for over 50,000 new small cell nodes during the last twelve months.

Crown Castle International Corp. reported results for the third quarter ended September 30, 2021. Site rental revenues grew 8%, and AFFO per share grew 13% compared to the same period last year. The company also increased its annualized common stock dividend by approximately 11% to $5.88 per share.

Crown Castle reported a solid second quarter, driven by a robust 5G leasing environment. The company increased its full year 2021 outlook for AFFO per share growth to 12%.

Crown Castle reported a strong first quarter in 2021, exceeding expectations due to a robust 5G leasing environment. They also raised their full year 2021 outlook, expecting double-digit growth in both AFFO per share and dividends per share.

Crown Castle International Corp. reported results for the fourth quarter and full year ended December 31, 2020 and maintained its full year 2021 outlook. The company delivered another solid year of growth in 2020, highlighting the strength of its business model.

Crown Castle International Corp. reported solid results for the third quarter ended September 30, 2020. Site rental revenues grew by 4.0%, driven by organic contribution. The company updated its full year 2020 outlook and issued its full year 2021 outlook. The Board of Directors announced an 11% increase to the common stock dividend.

Crown Castle International Corp. reported results for the second quarter ended June 30, 2020 and maintained its full year 2020 Outlook, with the exception of a reduction to net income. Site rental revenues grew approximately 4.4%, or $56 million, from second quarter 2019 to second quarter 2020.

Crown Castle International Corp. reported first quarter 2020 results, delivering strong results that were in line with expectations. The company's business continues to perform well during the COVID-19 pandemic, and they are focused on delivering on their long-term annual dividend per share growth target of 7% to 8%.

Crown Castle International Corp. reported its Q4 and full year 2019 results. The company experienced a slowdown in activity during the fourth quarter but remains optimistic about a return to significant activity in the second half of 2020. They updated their full year 2020 Outlook and announced a restatement of previously-issued financial statements.