Atlas Reports Second Quarter 2020 Results
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American Technology (ATCO) Misses Q2 EPS by 2c, Revenues Beat; Updated FY20 Revenue Guidance Below Consensus
August 11, 2020 7:33 AM EDTAmerican Technology (NYSE: ATCO) reported Q2 EPS of $0.26, $0.02 worse than the analyst estimate of $0.28. Revenue for the quarter came in at $363.8 million versus the consensus estimate of $356.8 million.
Delivered Funds From Operations (FFO)(1) per Share, Diluted, of $0.64 and Adjusted EBITDA(1) of $238.9 million for the quarter; introduced as new key performance metricsDeclared dividend of $0.125 per common share; 15 years of consistent distributionsAchieved record quarterly revenue of $363.8 million in first full quarter of APR ownershipLiquidity of $382.9 million at quarter end; extended $150.0 million revolving credit facilitySeaspan agreed to acquire two vessels... More