earnings
confidence high
sentiment negative
materiality 0.65
Consolidated Communications Q1 revenue $274.7M, net loss $47.2M, pending acquisition on track
Consolidated Communications Holdings, Inc.
2024-Q1 EPS reported
-$0.41
revenue$274,675,000
- Revenue $274.7M; consumer revenue $114.8M, fiber broadband revenue $41.6M, total broadband net adds 6,338.
- Net loss ($47.2M) vs ($47.7M) YoY; EPS ($0.41); adjusted diluted EPS ($0.27).
- Adjusted EBITDA $88.4M; capex $83.7M; added 10,783 new fiber passings; net debt leverage 6.76x.
- Liquidity $198M: $7M cash, $111M revolver, $80M undrawn term loan; $80M term loan secured March 21.
- Pending acquisition by Searchlight/BCI for ~$3.1B enterprise value expected close Q1 2025; Washington asset sale closed May 1.