earnings
confidence high
sentiment negative
materiality 0.75
ATN reports Q3 net loss of $32.7M including goodwill impairment; updates 2024 guidance
ATN International, Inc.
2024-Q3 EPS reported
-$2.24
revenue$548,527,000
- Q3 net loss $32.7M ($2.26 diluted EPS) includes $35.3M non-cash goodwill impairment charge.
- International Telecom revenue flat; US Telecom revenue down 13% due to subsidy program conclusions.
- Adjusted EBITDA $45.7M, down 5% YoY; operating loss $38.4M inclusive of impairment.
- Full-year 2024 revenue guidance revised to $720-730M (ex-construction); Adjusted EBITDA $182-188M.
- Broadband subscribers +6% YoY; homes passed +20%; YTD net cash from operations +9% to $97.4M.