ATN International Q1 revenue up 1% to $186.8M; revises FY2024 guidance lower

ATN International, Inc.

2024-Q1 EPS reported -$0.50 revenue$186,794,000

Net loss of $6.3M ($0.50 loss per share) vs. prior period; includes $1.2M restructuring expenses.
Adjusted EBITDA decreased 3% to $43.5M; operating income rose to $4.6M.
High-speed broadband subscribers up 12% YoY; homes passed expanded 28%.
Full-year 2024 revenue guidance revised to $730M-$750M (ex-construction); Adjusted EBITDA $190M-$200M.
Capital expenditures $36.0M in Q1; FY2024 capex guidance $100M-$110M net of reimbursements.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ATN International, Inc. reported the three months ended March 31, 2024 results: revenue $186.8 million, net income $(6.3) million, or a $(0.50) loss per share, EPS $(0.50) loss per share. Guidance lowered.

Period: the three months ended March 31, 2024
Revenue: $186.8 million
Net income: $(6.3) million, or a $(0.50) loss per share
EPS: $(0.50) loss per share
Guidance: lowered
Result: reported results

Exact text from the filing

and “Glass & Steel TM ” Strategies Drive Continued Year-Over-Year Growth in High-Speed Data Subscribers and Network Reach · First quarter revenues increased 1% to $186.8 million · Total high-speed broadband subscribers increased by 12% · Broadband homes passed by high-speed data services expanded by 28% · Capital expenditures were $36.0 million (net

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Source: SEC EDGAR

accession 0001104659-24-051318

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