Uniti Q1 net income $41.3M, AFFO $0.32; announces Windstream merger

Uniti Group Inc.

Net income $41.3M ($0.16 diluted EPS); AFFO $0.32 per diluted share.
Revenue $286.4M; Adjusted EBITDA $228.6M (80% margin).
Merger with Windstream creates combined fiber provider with 1.5M homes passed.
Dividend declared $0.15/share, payable June 28, 2024 to holders of record June 14.
Updated 2024 outlook: revenue $1,154-1,174M; AFFO $362-382M; shares 285M diluted.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Uniti Group Inc. reported first quarter 2024 results: revenue $286.4 million, net income $41.3 million. Guidance reaffirmed.

Period: first quarter 2024
Revenue: $286.4 million
Net income: $41.3 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

fiber broadband has never been greater and Uniti is well positioned for growth well into the future.” QUARTERLY RESULTS Consolidated revenues for the first quarter of 2024 were $286.4 million. Net income and Adjusted EBITDA were $41.3 million and $228.6 million, respectively, for the same period, achieving Adjusted EBITDA margins of approximately 80%. Net income

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Source: SEC EDGAR

accession 0001628280-24-020130

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