NASDAQ$ATNI

ATN International Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported third quarter 2020 results, demonstrating resilience in telecom services and improved profitability in the International Telecom segment.

ATN International reported a 3% decrease in consolidated revenues, reaching $111.7 million. Operating income decreased to $9.6 million, and EBITDA decreased by 5% to $31.1 million. Net income attributable to ATN's stockholders was $2.7 million, or $0.17 per diluted share.

  • International Telecom segment posted improved profitability with modest revenue increase and significant cost reductions.
  • Experienced strong demand for data services, including high-speed internet.
  • US Telecom results remained consistent, though year-on-year comparisons were negatively affected by restructured contracts.
  • Completed the first few sites of the FirstNet build-out and expect to complete approximately 25% of the sites by the end of this year.

Headline financials

Total Revenue

$112M

Previous: $116M-3.4%
EPS (adj)

$0.17

Previous: $0.09+88.9%
Capital Expenditures

-$50.7M

Previous: -$49.5M-2.4%
Free Cash Flow

-$44.5M

Previous: -$44.6M+0.4%
Net Income

$6.19M

Previous: $4.84M+27.8%
Operating Income

$9.56M

Previous: $10.2M-6.7%
Gross Profit

$66.2M

Previous: $116M-42.7%
Cash & Equivalents

$135M

Previous: $165M-18.2%
Total Assets

$1.11B

Previous: $1.16B-4.2%
Stock-Based Comp

$1.89M

Previous: $1.55M+22.0%

Revenue & EPS history

ATN · Revenue · Quarterly

$112M

Q3 2020-3.4%vs Q3 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

ATN · $111M total across 2 segments · Q3 2020

  • International Telecom
    $82.5M+1.0%
  • US Telecom
    $28.1M-15.4%

Forward guidance

ATN is focused on using the cash flow from operations and balance sheet capacity to invest in initiatives and programs that have good prospects for growth and attractive risk-adjusted returns.

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 Q3 2020

Historical avgQ3 2020

-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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