earnings
confidence high
sentiment negative
materiality 0.70
Cable One Q2 net income down 34.8% to $69.2M; revenue up 6.8% to $429.1M
Cable One, Inc.
2022-Q2 EPS reported
$38.05
revenue$855,811,000
- Total revenues $429.1M (+6.8% YoY); net income $69.2M (-34.8% YoY) including $10.0M from Acquired Operations.
- Adjusted EBITDA $227.5M (+6.7%), margin 53.0%; net cash from ops $164.4M (-10.5% YoY).
- Residential data PSUs grew 4.4% YoY (approx. 41,000); business services revenue +0.1% YoY.
- Board authorized $450M share repurchase program; $122M of stock repurchased in Q2 2022.
- Results include Hargray (acquired May 2021) and CableAmerica (Dec 2021) contributions, exclude Clearwave Fiber contributed Jan 2022.