NASDAQ$ATNI

ATN International Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

ATN reported first-quarter results with revenue reaching the highest level in more than a decade, driven by subscriber and revenue growth and adjusted EBITDA improvements.

ATN International reported strong first-quarter 2023 results, with revenue reaching its highest level in over a decade. The company saw growth in broadband homes passed and expects continued growth in subscribers, revenue, and Adjusted EBITDA throughout 2023.

  • Broadband homes passed by high-speed solutions increased by 56% versus last year.
  • First quarter revenue reached the highest level in more than a decade.
  • The company had solid subscriber growth and high levels of customer retention.
  • ATN expects customer base, revenue, and Adjusted EBITDA growth trends to continue throughout 2023.

Headline financials

Total Revenue

$186M

Previous: $172M+8.0%
EPS (adj)

-$0.26

Previous: -$0.13-100.0%
Adjusted EBITDA

$44.8M

Previous: $40.6M+10.3%
Capital Expenditures

-$52.7M

Previous: -$34.5M-53.0%
Free Cash Flow

-$59.8M

Previous: -$36.4M-64.1%
Net Income

-$7.06M

Previous: -$1.96M-260.5%
Operating Income

$636K

Previous: $108K+488.9%
Gross Profit

$186M

Previous: $97M+91.6%
Cash & Equivalents

$56M

Previous: $75.7M-26.0%
Total Assets

$1.7B

Previous: $1.59B+6.9%
Stock-Based Comp

$1.78M

Previous: $1.46M+21.7%

Revenue & EPS history

ATN · Revenue · Quarterly

$186M

Q1 2023+8%vs Q1 2022
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

ATN · $166M total across 3 segments · Q1 2023

  • International Telecom
    $111M+28.3%
  • US Telecom
    $66.2M-22.3%
  • Corporate & Other
    -$11.7M

Forward guidance

The company believes it remains well-positioned to achieve the growth rate targets, capital expenditure levels projected, and projected leverage ratios.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-1.3%

Avg return

Earnings day

-3.6%

Avg return

5 days after

-1.1%

Avg return

30 days after

48%

31 / 65 earnings

Positive

+20.8%

Q2 2018

Best reaction

-31.7%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%-0.9%
Q4 2025-16.7%-18.0%-8.5%
Q3 2025-3.1%-6.7%+37.6%
Q1 2025-15.4%-6.3%-19.7%
Q4 2024+6.8%+20.7%+9.6%
Q3 2024-27.7%-35.0%-36.2%
Q2 2024+14.6%+18.9%+17.9%
Q1 2024-31.7%-30.0%-16.7%
Q4 2023-22.0%-1.9%-15.9%
Q3 2023-9.9%-12.9%-7.7%
Q2 2023-1.0%-1.1%-1.6%
Q1 2023-2.9%-5.8%-1.4%
Q4 2022-13.4%-11.5%-17.9%
Q3 2022+4.2%+11.7%+21.6%
Q2 2022-5.1%+0.4%+5.7%
Q1 2022+1.1%-1.8%+10.2%
Q4 2021+1.0%-2.9%+14.6%
Q3 2021-7.1%-5.0%-6.8%
Q2 2021-1.0%-2.8%+3.3%
Q1 2021-1.0%-4.2%-0.8%
Q4 2020-1.7%+6.1%+2.9%
Q3 2020+2.9%+5.7%+14.0%
Q2 2020+4.1%-1.6%+3.8%
Q1 2020-11.8%-20.4%-15.7%
Q4 2019+1.2%-2.2%-6.5%
Q3 2019+10.4%+10.0%-3.0%
Q2 2019+0.4%-1.4%-9.1%
Q1 2019+3.8%+0.7%+1.4%
Q4 2018-23.1%-26.8%-28.6%
Q3 2018+10.6%+10.8%+13.8%
Q2 2018+20.8%+17.5%+36.3%
Q1 2018-7.6%-20.0%-20.7%
Q4 2017+7.3%+12.3%+7.2%
Q3 2017+2.1%-1.4%+12.7%
Q2 2017-9.1%-10.8%-9.1%
Q1 2017-0.7%-6.1%-11.0%
Q4 2016-6.2%-10.0%-11.4%
Q3 2016+1.8%+2.6%+12.5%
Q2 2016-7.6%-9.3%-18.6%
Q1 2016-0.5%
Q4 2015-6.3%
Q3 2015-7.6%
Q2 2015-0.6%
Q1 2015-3.3%
Q4 2014+4.3%
Q3 2014+2.0%
Q2 2014+8.9%
Q1 2014-4.1%
Q4 2013-0.6%
Q3 2013-2.5%
Q2 2013-3.3%
Q1 2013+1.9%
Q4 2012+8.1%
Q3 2012+6.4%
Q2 2012+12.9%
Q1 2011-5.6%
Q1 2012+18.3%
Q4 2011+1.1%
Q4 2009+1.1%
Q3 2011-4.6%
Q3 2010-4.6%
Q4 2010+6.7%
Q2 2010+6.7%
Q2 2011+6.7%
Q1 2010+2.7%

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