Shentel Q2 revenue up 28.7% to $85.8M; net loss widens to $12.8M on Horizon acquisition costs

SHENANDOAH TELECOMMUNICATIONS CO/VA/

2024-Q2 EPS reported $3.84 revenue$155,047,000

Revenue $85.8M, up 28.7% YoY; Horizon contributed $16.7M in revenue.
Net loss from continuing ops $12.8M vs $1.4M loss in Q2 2023 on Horizon integration costs.
Adjusted EBITDA $23.3M, up 19.7% YoY; Horizon contributed $3.7M.
Glo Fiber added ~5,000 subscribers, total ~53,000; passings ~298,000.
Completed Horizon acquisition for $385M ($305M cash + 4.1M shares) on April 1.

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