UScellular Q4 rev $1,000M (-4.6% YoY); net income $14M vs loss; guides FY 2024 lower

ARRAY DIGITAL INFRASTRUCTURE, INC.

2023-FY EPS reported $0.63 revenue$3,906,000,000

Q4 revenue $1,000M vs $1,048M prior year; net income $14M ($0.16 EPS) vs loss of $(28)M.
Full year rev $3,906M (-6.3% YoY); net income $54M ($0.63) vs $30M ($0.35) in 2022.
Fixed wireless customers up 46% to 114k; tower rental rev up 8% to $100M.
2024 guidance: Service rev $2,950-$3,050M; Adj EBITDA $920-$1,020M (down from $986M).
Strategic alternatives review (potential sale) initiated Aug 2023 and ongoing.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ARRAY DIGITAL INFRASTRUCTURE, INC. reported year ended December 31, 2023 results: revenue $3,906 million, net income $54 million, EPS $0.63.

Period: year ended December 31, 2023
Revenue: $3,906 million
Net income: $54 million
EPS: $0.63
Result: reported results

Exact text from the filing

UScellular reported total operating revenues of $3,906 million and $4,169 million for the years ended 2023 and 2022, respectively. Net income attributable to UScellular shareholders and related diluted earnings per share were $54 million and $0.63, respectively, for the year ended 2023 compared to $30 million and $0.35, respectively, for the year ended 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ARRAY DIGITAL INFRASTRUCTURE, INC. reported full year 2024 results: revenue $2,950-$3,050. Guidance initiated.

Period: full year 2024
Revenue: $2,950-$3,050
Guidance: initiated
Result: guidance update

Exact text from the filing

results will not differ materially from estimated results. 2024 Estimated Results Actual Results for the Year Ended December 31, 2023 (Dollars in millions) Service revenues $2,950-$3,050 $3,044 Adjusted OIBDA 1, 2 $750-$850 $818 Adjusted EBITDA 1, 2 $920-$1,020 $986 Capital expenditures $550-$650 $611 The following table reconciles EBITDA, Adjusted EBITDA,

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Source: SEC EDGAR

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