Cable ONE (CABO) Tops Q1 EPS by 34c
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Cable ONE Reports First Quarter 2018 Results
May 9, 2018 6:30 AM EDTPHOENIX--(BUSINESS WIRE)-- Cable One, Inc. (NYSE: CABO) (the Company or Cable ONE) today reported financial and operating results for the quarter ended March 31, 2018.
First quarter 2018 highlights:
Net income was $40.7 million in the first quarter of 2018, an increase of 26.6% year-over-year. Adjusted EBITDA(1) was $123.2 million, an increase of 26.7% year-over-year. Net profit margin was 15.3% and Adjusted EBITDA margin(1) was 46.3%. Net income and Adjusted EBITDA results for the first quarter of 2018 include NewWave Communications (NewWave) operations, which the Company acquired on May 1, 2017. Without the contribution from the NewWave operations,... More