Shentel reports 2021 revenue up 11.1% to $245.2M; broadband data RGUs +15.9%

SHENANDOAH TELECOMMUNICATIONS CO/VA/

2021-FY EPS reported $19.92 revenue$245,239,000

Full-year net income from continuing ops $7.9M vs $1.6M; diluted EPS $0.16 vs $0.03.
Adjusted EBITDA from continuing ops grew 17.8% to $65.7M, driven by Broadband and cost cuts.
Broadband added 15,873 data RGUs; Glo Fiber passings surged 162% to 75,000; record churn 1.5%.
Q4 loss from continuing ops $3.1M vs income $1.5M in prior year, hit by $5.9M Beam impairment.
Completed $1.94B Wireless sale to T-Mobile on July 1, 2021; paid $0.07/share Q4 dividend.

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