Overview
ATN Q2 revenue declines 1% to $181.3 mln, missing analyst expectations
Adjusted EBITDA falls 6% but beats analyst estimates, per LSEG data
Company reports net loss of $7.0 mln, impacted by subsidy wind-down
Outlook
ATN expects 2025 revenue to match 2024's $725 mln, excluding construction
Company anticipates 2025 Adjusted EBITDA to remain flat at $184 mln
Capital expenditures for 2025 projected between $90 mln and $100 mln
Net Debt Ratio expected to remain stable, slight improvement possible
Result Drivers
SUBSIDY WIND-DOWN - Revenue decline attributed to the wind-down of subsidy programs and exit from legacy consumer solutions
CONSTRUCTION REVENUE - Increase in construction revenue partially offset the decline in overall revenue
COST STRUCTURE OPTIMIZATION - Efforts to optimize cost structure and enhance mobile networks internationally, per CEO Brad Martin
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$181.30 mln
$184.70 mln (2 Analysts)
Q2 Adjusted EBITDA
Beat
$45.80 mln
$44.70 mln (2 Analysts)
Q2 Operating Income
$200,000
Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the integrated telecommunications services peer group is "buy."
Wall Street's median 12-month price target for ATN International Inc is $29.00, about 43% above its August 6 closing price of $16.52
Press Release: ID:nGNX5NqJsQ
(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.)