secwatch.observer — SEC 8-K summary
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Issuer:     SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)
CIK:        0000354963
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001171843-24-006085
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shentel Q3 revenue up 30% to $87.6M; net loss widens to $5.3M; Glo Fiber adds 6k subs
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- Revenue grew $20.2M YoY to $87.6M, driven by Horizon acquisition ($16.9M) and Glo Fiber expansion.
- Net loss from continuing ops $5.3M vs $0.2M loss in Q3 2023; higher D&A and interest expense.
- Adjusted EBITDA increased 31% to $26.6M; margin improved sequentially to 30% from 27%.
- Glo Fiber added ~6k subs in quarter; total Glo Fiber subs ~59k; passings ~320k.
- Horizon integration ahead of schedule; now expects $11M in annual synergy savings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354963/000117184324006085/0001171843-24-006085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354963/000117184324006085/f8k_110624.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-006085

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer