ATN International Q2 revenue down 2% to $183.3M; adjusted EBITDA up 6%; reaffirms 2024 outlook

ATN International, Inc.

2024-Q2 EPS reported $0.00 revenue$370,076,000

Revenue $183.3M (down 2% YoY); net income $9.0M ($0.50 diluted EPS) includes $15.9M gain on sale of non-core asset.
Adjusted EBITDA up 6% to $48.7M; operating income improved to $24.3M.
International Telecom segment revenues up 4% driven by consumer/business fixed and business mobility; US Telecom down 7% due to ECF program end.
High-speed broadband subscribers +9%; broadband homes passed +22% YoY.
Full-year 2024 outlook reaffirmed: revenue $730-750M, Adj. EBITDA $190-200M, capex $100-110M net, net debt ratio 2.25x-2.50x.

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