earnings
confidence high
sentiment negative
materiality 0.75
Cable One Q2 revenue down 7% to $394.5M; net income falls 13.8% on ACP headwinds
Cable One, Inc.
2024-Q2 EPS reported
$16.27
revenue$798,774,000
- Revenue $394.5M, down 7.0% YoY; net income $47.6M, down 13.8% YoY.
- Adjusted EBITDA $212.4M, margin 53.8% vs 54.5% prior year; cash from ops $155.5M.
- Residential data PSUs decreased ~4,200 sequentially, ~4,000 due to ACP expiration.
- Business data PSUs increased 500 sequentially; dividends paid $17.1M; repaid $50M on revolver.