secwatch.observer — SEC 8-K summary
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Issuer:     SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)
CIK:        0000354963
Form:       8-K
Filed at:   2021-10-28T23:59:59+00:00
Accession:  0001171843-21-007277
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shentel Q3 revenue up 12.8% to $62.2M, Adjusted OIBDA up 31.7%; raises Glo Fiber target to 450k
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354963/000117184321007277/0001171843-21-007277-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354963/000117184321007277/f8k_102821.htm
  HTML page:      https://secwatch.observer/filing/0001171843-21-007277

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