Telus Corp ( (TU) ) has released its Q3 earnings. Here is a breakdown of the information Telus Corp presented to its investors.
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TELUS Corporation, a leading telecommunications company based in Canada, is renowned for its comprehensive service offerings in mobile and fixed communications, as well as health, agriculture, and consumer goods sectors. The company leverages its extensive PureFibre and wireless networks to deliver high-quality services.
In the third quarter of 2024, TELUS reported a modest increase in consolidated operating revenues by 1.8% to $5.1 billion, driven by strong customer growth and service expansions. The company also highlighted robust health services growth and an increase in its quarterly dividend, underscoring its commitment to shareholder returns.
Key financial highlights include a 1.9% rise in TTech Operating Revenue and a 5.6% improvement in Adjusted EBITDA, reflecting enhanced operational efficiencies and monetization of assets. Net income surged by 88%, with earnings per share significantly increasing by 111%. TELUS also achieved customer growth with 347,000 net additions, despite competitive pressures impacting certain revenue streams.
Looking ahead, TELUS remains cautiously optimistic about its future performance amidst competitive market conditions. The company aims to sustain its growth trajectory through strategic investments in technology and operational efficiency, while maintaining its robust dividend growth program. Management anticipates continued expansion in free cash flow and EBITDA, supporting long-term shareholder value.
