secwatch.observer — SEC 8-K summary
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Issuer:     CROWN CASTLE INC. (CCI)
CIK:        0001051470
Form:       8-K
Filed at:   2024-10-16T23:59:59+00:00
Accession:  0001051470-24-000206
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crown Castle cuts FY2024 net income outlook by 12%; holds revenue and EBITDA guidance
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- Net income guidance midpoint reduced to $1,020M ($2.35 diluted EPS) from $1,158M ($2.67), a 12% decrease.
- Site rental revenues outlook unchanged at $6,340M, down 3% YoY from FY2023 actual $6,532M.
- Adjusted EBITDA outlook held at $4,168M, down 6% YoY from FY2023 actual $4,415M.
- AFFO per share outlook $6.97, flat sequentially but down 8% from FY2023 actual $7.55.
- Previous FY2024 outlook issued on July 17, 2024; only net income revised lower.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1051470/000105147024000206/0001051470-24-000206-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1051470/000105147024000206/cci-20241016.htm
  HTML page:      https://secwatch.observer/filing/0001051470-24-000206

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