Shentel Q3 revenue $71.8M (+7.3% YoY); net income $1.6M vs loss; Glo Fiber adds 4,500 subs

SHENANDOAH TELECOMMUNICATIONS CO/VA/

2023-Q3 EPS reported $0.11 revenue$214,869,000

Consolidated revenue grew 7.3% to $71.8M; net income $1.6M ($0.03 EPS) vs net loss of $2.7M.
Consolidated Adjusted EBITDA grew 20.5% to $22.9M; Broadband segment EBITDA up 19.4% to $26.6M.
Glo Fiber Markets reached 202,654 passings; added ~4,500 subscribers (+13.9% YoY).
Glo Fiber Markets revenue grew 90.5% to $9.3M; Broadband revenue up 8.1% to $67.4M.
Company referenced planned Horizon Telcom acquisition ($385M) and expects to draw $150M delayed term loans.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SHENANDOAH TELECOMMUNICATIONS CO/VA/ reported the three and nine months ended September 30, 2023 results: revenue $71.8 million, net income $1.6 million, EPS $0.03.

Period: the three and nine months ended September 30, 2023
Revenue: $71.8 million
Net income: $1.6 million
EPS: $0.03
Result: reported results

Exact text from the filing

Fiber Markets added approximately 4,500 subscribers; 13.9% higher than the third quarter of 2022 and 12.5% higher than the second quarter 2023. Consolidated revenue grew 7.3% to $71.8 million compared to the third quarter of 2022. Glo Fiber Markets revenue grew 90.5% to $9.3 million and Broadband revenue grew 8.1% to $67.4 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 0001171843-23-006698

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