earnings
confidence high
sentiment positive
materiality 0.80
Shentel Q3 revenue up 12.8% to $62.2M, Adjusted OIBDA up 31.7%; raises Glo Fiber target to 450k
SHENANDOAH TELECOMMUNICATIONS CO/VA/
2021-Q3 EPS reported
$19.90
revenue$182,635,000
- EPS from continuing ops $0.13 vs $0.03 YoY; revenue $62.2M, Broadband segment +14.2% to $57.9M.
- Glo Fiber target raised to 450k serviceable addresses by 2026; 4,100 broadband data net adds in Q3.
- Wireless sale to T-Mobile closed July 1 for $1.94B; after-tax proceeds ~$1.5B; $18.75 special dividend paid.
- Ended Q3 with $532.5M cash; new $400M credit facility undrawn; reaffirms 2021 revenue guidance $243-246M.
- Declared annual dividend $0.07/share, payable Dec 1, 2021; realized $3.3M annual run-rate cost savings.