The earnings call highlighted strong international segment performance and free cash flow generation, but these were overshadowed by significant challenges in the US Telecom segment, a large goodwill impairment charge, and a substantial operating and net loss. The adjustment of financial outlook further indicated caution due to market dynamics and program conclusions.
Company Guidance
During the Q3 2024 earnings call, ATNI updated its full-year guidance, adjusting revenue expectations to between $720 million and $730 million from the previous range of $730 million to $750 million. The company also revised its adjusted EBITDA forecast to a range of $182 million to $188 million, down from the earlier $190 million to $200 million range. These changes reflect challenges in the U.S. operations, including a significant non-cash $35.3 million goodwill impairment charge and a year-over-year revenue decline of 7%. The International segment showed resilience with a 17.3% increase in adjusted EBITDA, despite flat revenue growth. Additionally, ATNI's net debt ratio stood at 2.39x, with capital expenditures expected to remain between $100 million and $110 million, net of reimbursed amounts.
International Segment EBITDA Growth
International segment achieved a 17.3% increase in adjusted EBITDA, reflecting successful restructuring efforts and increased profitability.
5G Network Expansion
Launched 5G in two international markets, leading to 60% of total mobility revenue from these new networks, enhancing subscriber base quality.
Strong Free Cash Flow
Year-over-year increase in free cash flow generation, driven by improved working capital management and cost efficiency.
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ATN International (ATNI) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ATNI Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 29, 2024
$31.55
$22.87
-27.51%
Jul 24, 2024
$22.97
$25.88
+12.67%
Apr 24, 2024
$28.21
$18.96
-32.79%
Feb 21, 2024
$34.74
$27.61
-20.52%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ATN International Inc (ATNI) report earnings?
ATN International Inc (ATNI) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is ATN International Inc (ATNI) earnings time?
ATN International Inc (ATNI) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.