ATN International Inc · Q2 2021 earnings

Briefing

Reported steady performance driven by International Telecom and FirstNet construction revenues.

ATN International reported a 14% increase in consolidated revenues, driven by strong increases in broadband and mobility revenues in International Telecom and FirstNet construction revenues in the U.S. Telecom segment. However, operating income and Adjusted EBITDA decreased due to increased operating costs in the International Telecom segment and higher development spending and lower margin revenues in the U.S. Telecom segment. The company completed its acquisition of Alaska Communications Systems on July 22, 2021, which is expected to contribute revenues of $105 million to $109 million and Adjusted EBITDA of $27 million to $29 million from July 22nd to the end of 2021.

• Consolidated revenues increased by 14% year-over-year to $123.9 million.
• International Telecom revenues grew by 8%, driven by strong demand for broadband and higher mobile subscriber levels.
• US Telecom revenues increased by 34%, primarily due to FirstNet construction revenues.
• Operating income and Adjusted EBITDA decreased due to increased operating costs and development spending.

Headline financials

Revenue & EPS history

The Company expects Alaska Communications to contribute revenues of $105 million to $109 million and Adjusted EBITDA of between $27 million and $29 million from the closing date of July 22nd to the end of 2021.