American Tower (AMT) surges following Q3 results, new CEO announcement
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American Tower Names Steven O. Vondran to Succeed Thomas A. Bartlett as President and CEO and Names Eugene Noel as New EVP and President, U.S. Tower Division
October 26, 2023 7:05 AM EDTBOSTON--(BUSINESS WIRE)-- American Tower Corporation (NYSE: AMT) announced today that Tom Bartlett will retire from his positions as President, Chief Executive Officer and director of the Board of Directors, effective February 1, 2024. The Companys Board of Directors, having undertaken a deliberate and thorough succession planning process over the last several years, has named Steve Vondran to succeed Mr. Bartlett as President and Chief Executive Officer, at which time Mr. Vondran will also be appointed as a director of the Board. To facilitate the transition, the Board also appointed Mr. Vondran to the... More
American Tower Corporation Reports Third Quarter 2023 Financial Results
October 26, 2023 7:01 AM EDTCONSOLIDATED HIGHLIGHTS
Third Quarter 2023
Total revenue increased 5.5% to $2,819 million Property revenue increased 7.0% to $2,792 million Net income decreased 29.6% to $577 million(1)(2) Adjusted EBITDA increased 10.4% to $1,814 million Net income attributable to AMT common stockholders decreased 30.1% to $587 million(1)(2) AFFO attributable to AMT common stockholders increased 9.5% to $1,206 millionBOSTON--(BUSINESS WIRE)-- American Tower Corporation (NYSE: AMT) today reported financial results for the quarter ended September 30, 2023.
Tom Bartlett, American Towers Chief Executive Officer, stated, We had a strong quarter, as our global portfolio of communications... More
