earnings
confidence high
sentiment neutral
materiality 0.70
ATN Q2 revenue up 45% to $179.5M, net loss of $0.5M; reiterates FY22 guidance, announces sacred wind acquisition
ATN International, Inc.
2022-Q2 EPS reported
-$0.24
revenue$351,517,000
- Revenue $179.5M (+45% YoY); net loss $0.5M vs net income $2.0M a year ago; EPS loss $0.11.
- Adjusted EBITDA $39.2M, up from $25.2M; operating income $1.7M vs $2.9M.
- Reiterates 2022 Adjusted EBITDA guidance of $165-170M; capex $150-160M net.
- Enters agreement to acquire Sacred Wind Enterprises for ~$25M cash + $32M debt; closing expected Q4 2022.
- Quarterly dividend $0.17/share; repurchased $0.9M in common stock in H1 2022.