Shentel Q2 net income $1.8M vs loss; revenue +8.1%, Broadband EBITDA +18.4%

SHENANDOAH TELECOMMUNICATIONS CO/VA/

2023-Q2 EPS reported $0.08 revenue$143,027,000

Consolidated net income $1.8M ($0.04 EPS) vs net loss $3.2M ($0.06 loss) in Q2 2022.
Revenue $71.3M (+8.1% YoY); Broadband revenue $66.7M (+8.6%), Glo Fiber revenue $8.2M (+101.3%).
Glo Fiber added ~4,000 subs; passings grew 70,342 to 182,847; penetration rose to 18% from 15%.
Adjusted EBITDA $22.5M (+21.1% YoY); Broadband Adj. EBITDA $26.1M (+18.4%); margin 39% vs 36%.
Capex $136.2M YTD for Glo Fiber build; expects to draw remaining $175M delayed term loans by year-end.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SHENANDOAH TELECOMMUNICATIONS CO/VA/ reported second quarter 2023 results: revenue $71.3 million, net income $1.8 million, EPS $0.04.

Period: second quarter 2023
Revenue: $71.3 million
Net income: $1.8 million
EPS: $0.04
Result: reported results

Exact text from the filing

results. Second Quarter 2023 Highlights Glo Fiber Markets added approximately 4,000 subscribers; 20.7% higher than the second quarter of 2022. Consolidated revenue grew 8.1% to $71.3 million compared to the second quarter of 2022. Glo Fiber Markets revenue grew 101.3% to $8.2 million and Broadband revenue grew 8.6% to $66.7 million over the same period. Consolidated

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13 earnings releases filed in the last 30 days. Browse all earnings releases →

SHENANDOAH TELECOMMUNICATIONS CO/VA/ filing history →

Source: SEC EDGAR

accession 0001171843-23-004867

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