SBA Communications (SBAC) Reports Q1 Revenues Beat; Lowers FY20 Revenue Outlook

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Go back to SBA Communications (SBAC) Reports Q1 Revenues Beat; Lowers FY20 Revenue Outlook

SBA Communications Corporation Reports First Quarter 2020 Results; Updates Full Year 2020 Outlook; and Declares Quarterly Cash Dividend

May 5, 2020 4:01 PM EDT

BOCA RATON, Fla.--(BUSINESS WIRE)-- SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended March 31, 2020.

Highlights of the first quarter include:

Subsequent to quarter end, declared quarterly cash dividend of $0.465 per share Repurchased 0.8 million shares at an average price per share of $243 Committed to provide global COVID-19 relief through charitable contributions in each of our existing markets Net loss of $127.1 million, resulting from $152.8 million non-cash, currency-related inter-company loan remeasurement... More