NASDAQ$FYBR

Frontier Communications Parent Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Frontier Communications reported record operational results as it becomes a fiber-first company.

Frontier Communications reported strong Q4 2021 results, marked by record operational achievements as the company transitions to a fiber-first model. The company gained momentum and hit an inflection point, reaching positive total broadband net adds for the first time in more than five years.

  • Built fiber to a record 192,000 locations.
  • Added a record 45,000 fiber broadband customer net additions, reaching an inflection point in positive total broadband customer net additions for the first time in more than five years.
  • Delivered record-low churn across both fiber and copper broadband customers.
  • Achieved positive fiber Net Promoter Scores for the first time in company history.

Headline financials

Total Revenue

$1.54B

Previous: $1.7B-9.0%
EPS (adj)

$0.77

Previous: -$0.48+260.4%
Net Income

$189M

Previous: -$50M+478.0%
Operating Income

$272M

Previous: $277M-1.8%
Gross Profit

$997M

Previous: $1.07B-6.5%
Cash & Equivalents

$2.13B

Previous: $1.83B+16.3%
Total Assets

$16.5B

Previous: $16.8B-1.9%
Stock-Based Comp

$18M

No prior period

Revenue & EPS history

Frontier Communications · Revenue · Quarterly

$1.54B

Q4 2021-9%vs Q4 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Frontier Communications · $2.38B total across 4 segments · Q3 2020

  • Consumer
    $859M-8.9%
  • Data & Internet
    $838M
  • Voice Services
    $500M
  • Video Services
    $186M

Forward guidance

Frontier provided guidance for the full year 2022.

Tailwinds

  • Adjusted EBITDA of $2.00 - $2.15 billion
  • Fiber build to at least 1 million new locations
  • Cash capital expenditures of $2.40 - $2.50 billion
  • Cash taxes of approximately $20 million
  • Cash interest payments of approximately $430 million

Headwinds

  • Cash Pension and OPEB expense of approximately $75 million (net of capitalization)
  • Cash pension and OPEB contributions, including a catch-up from contribution waivers during bankruptcy, of approximately $135 million (net of capitalization)

Historical earnings impact

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

Avg. return before/after earnings

Based on 8 quarterly earnings reports

Historical avg

+0.1%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+2.5%

Avg return

30 days after

50%

9 / 18 earnings

Positive

+12.1%

Q4 2023

Best reaction

-12.8%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026
Q3 2025+0.3%+0.2%+0.4%
Q2 2025+0.3%+0.2%+1.6%
Q1 2025+0.1%-0.5%+1.5%
Q4 2025+0.0%+0.5%+0.0%
Q3 2024-1.0%-2.6%-2.6%
Q2 2024-9.8%-5.0%-0.1%
Q1 2024+9.5%+5.6%+11.1%
Q4 2023+12.1%+10.2%+8.3%
Q3 2023+6.8%
Q2 2023-0.6%
Q1 2023-12.8%
Q4 2022-1.4%
Q3 2022-8.3%
Q2 2022+3.6%
Q1 2022-4.0%
Q4 2021+3.1%
Q3 2021+3.9%
Q2 2021-0.5%
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q4 2019
Q1 2020
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010

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