Uniti Group (UNIT) Misses Q4 EPS by 9c, Revenues Miss; Introduces FY20 Revenue Guidance Above Consensus

Uniti Group (NASDAQ: UNIT) reported Q4 EPS of ($0.06), $0.09 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $268.5 million versus the consensus estimate of $273.27 million.

• Revenues of $268.5 Million and $1,057.6 Million for the Fourth Quarter and Full Year
• Net Loss of $0.06 and Net Income of $0.04 Per Diluted Common Share for the Fourth Quarter and Full Year
• AFFO Per Diluted Common Share of $0.48 and $2.08 for the Fourth Quarter and Full Year
• Introduces 2020 Financial Outlook

“As previously announced, we are pleased to have reached an agreement in principle with Windstream. This agreement has significant strategic value for Uniti as it ensures further expansion of our national network footprint in the coming years through on-going fiber deployment. These fiber investments will significantly enhance the value of our network, and should substantially strengthen Windstream’s competitive position.

Furthermore, we are also announcing today that we have agreed to sell approximately 486 of our U.S towers, and are simultaneously entering into a strategic arrangement with a valued wireless infrastructure provider to continue to build towers in the U.S. This transaction realizes substantial value for our stockholders, and recycles capital at a highly attractive valuation,” commented Kenny Gunderman, President and Chief Executive Officer.

Mr. Gunderman continued, “As we enter 2020, we continue to see robust momentum in all of our businesses, including a strong focus on additional lease-up of both our Uniti Leasing and Uniti Fiber networks. Our 2020 outlook reflects the continued investment in our portfolio of premier communication infrastructure assets, providing the foundation for the continual success in all of our operating business segments.”

GUIDANCE:

Uniti Group sees FY2020 revenue of $1.116-1.128 billion, versus the consensus of $1.05 billion.

For earnings history and earnings-related data on Uniti Group (UNIT) click here.

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