Atn International, Inc. ( (ATNI) ) has released its Q4 earnings. Here is a breakdown of the information Atn International, Inc. presented to its investors.
ATN International, Inc. is a prominent provider of digital infrastructure and communications services, operating primarily in rural and remote markets across the United States and internationally, including the Caribbean region. The company offers a range of services, including high-speed internet, mobile and fixed wireless solutions, and carrier services.
In its latest earnings report, ATN International reported a 9% decline in fourth-quarter revenues to $180.5 million, with full-year revenues decreasing by 4% to $729.1 million. Despite these declines, the company expanded its high-speed broadband homes passed by 16% and grew its subscriber base by 3%. The company also reported a fourth-quarter net income of $3.6 million, aided by a significant tax benefit, though it faced a full-year net loss of $26.4 million due to a goodwill impairment charge.
Key financial metrics revealed a decrease in full-year operating income, resulting in a loss of $0.8 million, while adjusted EBITDA for the year fell by 3% to $184.1 million. The company’s net cash from operating activities increased by 16% year-over-year, and capital expenditures were reported at $110.4 million for the year. ATN’s strategic focus included expanding its fiber network and transitioning its US Telecom segment towards more sustainable revenue streams.
Looking ahead, ATN’s management anticipates 2025 revenues to remain consistent with the previous year, excluding construction revenue. Adjusted EBITDA is expected to be flat, with capital expenditures projected between $90 to $100 million. The company aims to leverage its investments to enhance cash flow and position itself for long-term growth and profitability.