ATN International Q2 revenue, adjusted EBITDA rise
ATN International Q2 revenue, adjusted EBITDA rise
Overview
US digital infrastructure provider's Q2 revenue rose 2% year-over-year
Adjusted EBITDA for Q2 grew 9% year-over-year, reflecting higher revenues and cost efficiencies
Company completed initial closing of US tower portfolio sale, received $268 mln in cash, and raised buyback authorization to $30 mln
Outlook
ATN reaffirms 2026 Adjusted EBITDA outlook of $183 mln to $193 mln
Company expects 2026 capital expenditures of $105 mln to $115 mln, net of reimbursable expenditures
Result Drivers
CARRIER SERVICES AND FIXED DEMAND - Co said revenue growth was driven by higher carrier services revenues and market demand for fixed and ancillary services
COST EFFICIENCIES - Adjusted EBITDA growth was supported by cost efficiencies, per co
US TOWER PORTFOLIO SALE - Co completed initial closing of US tower portfolio sale, contributing a $229.9 mln gain to operating income and affecting operating cash flows
Company press release: ID:nGNX8yNk0g
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $184.5 mln | $183.20 mln (1 Analyst) |
Q2 Adjusted EBITDA |
| $49.7 mln | $45.30 mln (1 Analyst) |
Q2 Operating Income |
| $239.7 mln |
|
Analyst Coverage
Wall Street's median 12-month price target for ATN International Inc is $69.00, about 174.6% above its August 4 closing price of $25.13
The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 36 three months ago
Reuters Recommended Reads
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Aug 3 - EchoStar's satellite internet unit Hughes files for bankruptcy
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Recent news on ATN International
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ATN International Q2 revenue, adjusted EBITDA rise
Brief: ATN International Q2 Adjusted EBITDA USD 49.7 Million