ATN International (ATNI) Tops Q2 EPS by 12c

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Go back to ATN International (ATNI) Tops Q2 EPS by 12c

ATN Reports Second-Quarter 2023 Results; Reiterates Outlook

July 26, 2023 4:30 PM EDT

First-to-Fiber and Glass & SteelTM Strategies Drive Year Over Year Growth

Grew revenue 4% to $186.4 millionIncreased total high-speed subscribers by 22%Expanded broadband homes passed by high-speed data services by 66%Capital expenditures were $38.9 million (net of $4.9 million of reimbursements)

Operating Income and Adjusted EBITDA Improvements Follow Subscriber and Revenue Growth

Increased net income to $0.8 million, or a $(0.03) loss per share; operating income increased to $2.4 millionIncreased Adjusted EBITDA1 by 10% to $45.8 million

Reiterates 2023 Outlook3

Adjusted... More