NASDAQ$UNIT

Uniti Group Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported results for the first quarter of 2020.

Uniti Group Inc. announced its Q1 2020 results, with revenues of $266.2 million and a net loss of $0.41 per diluted common share. The U.S. Bankruptcy Court approved the settlement agreement with Windstream, and new terms were announced for the U.S. tower transaction with Melody Investment Advisors.

  • Revenues of $266.2 million for the first quarter.
  • Net loss of $0.41 per diluted common share for the first quarter.
  • AFFO per diluted common share of $0.45 for the first quarter.
  • The U.S. Bankruptcy Court approved the settlement agreement with Windstream.

Headline financials

Total Revenue

$266M

Previous: $261M+2.0%
EPS (adj)

$0.45

Previous: $0.59-23.7%
Capital Expenditures

$75.1M

No prior period
Free Cash Flow

$57.2M

No prior period
Net Income

-$80.3M

Previous: $2.44M-3386.9%
Operating Income

-$84.8M

No prior period
Gross Profit

$226M

Previous: $223M+1.5%
Cash & Equivalents

$109M

Previous: $105M+4.4%
Total Assets

$5.01B

Previous: $4.7B+6.7%
Stock-Based Comp

$3M

Previous: $1.89M+58.6%

Revenue & EPS history

Uniti · Revenue · Quarterly

$266M

Q1 2020+2%vs Q1 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Uniti · $77.4M total across 1 segment · Q1 2020

  • Fiber Infrastructure
    $77.4M+0.7%

Forward guidance

The Company is updating its 2020 outlook for the impact from the timing and revised structure of the sale of our U.S. towers business, transaction related costs, and other business unit level revisions.

Tailwinds

  • Revenue between $1,050 million and $1,058 million.
  • Net income attributable to common shareholders between $- million and $8 million.
  • Adjusted EBITDA between $805 million and $814 million.
  • FFO attributable to common shareholders between $199 million and $207 million.
  • AFFO attributable to common shareholders between $383 million and $391 million.

Headwinds

  • Outlook excludes any impact from the court-approved settlement with Windstream relating to its reorganization process as the effective date and accounting treatment are uncertain at this time.
  • Outlook excludes future acquisitions.
  • Outlook excludes capital market transactions.
  • Outlook excludes future transaction related and other costs not mentioned herein.
  • Actual results could differ materially from these forward-looking statements.

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 2020

Historical avgQ1 2020

-1.2%

Avg return

Earnings day

-0.7%

Avg return

5 days after

-0.8%

Avg return

30 days after

48%

19 / 40 earnings

Positive

+14.1%

Q1 2023

Best reaction

-26.4%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.6%-2.0%
Q4 2025+7.0%+10.0%+36.7%
Q3 2025+3.7%+7.5%+2.1%
Q2 2025-10.4%-21.5%-22.7%
Q1 2025-9.6%-9.6%-13.8%
Q4 2024+3.7%+5.2%-7.9%
Q3 2024-9.3%-0.4%+5.7%
Q2 2024+6.3%+7.6%+13.5%
Q1 2024-26.4%-35.8%-47.6%
Q4 2023+2.1%+11.3%+2.8%
Q3 2023+9.3%+6.7%+29.5%
Q2 2023-10.1%+1.3%+1.1%
Q1 2023+14.1%+19.1%+21.6%
Q4 2022-2.6%-10.4%-41.4%
Q3 2022+11.5%+15.3%-11.1%
Q2 2022-3.5%-2.4%-9.4%
Q1 2022-4.3%-16.1%-8.1%
Q4 2021+13.8%+21.7%+25.0%
Q3 2021-2.3%-3.6%-6.5%
Q2 2021+0.0%+8.1%+9.6%
Q1 2021-1.9%-5.2%-1.9%
Q4 2020+0.8%-9.4%-7.4%
Q3 2020-1.1%+0.3%+15.5%
Q2 2020-3.6%-7.0%-10.1%
Q1 2020-3.6%+5.0%+21.5%
Q4 2019-26.1%-24.5%-38.0%
Q3 2019-2.7%-9.3%+2.4%
Q2 2019+3.6%+7.8%-10.9%
Q1 2019+0.5%-3.4%-5.1%
Q4 2018+1.4%+3.4%+20.1%
Q3 2018+3.3%+4.1%+4.1%
Q2 2018+2.5%+8.5%+8.6%
Q1 2018+1.7%+3.9%+17.1%
Q4 2017-0.3%+2.3%+5.9%
Q3 2017-3.8%-2.9%-3.8%
Q2 2017-8.6%-8.3%-21.4%
Q1 2017-4.4%-6.2%-2.2%
Q4 2016+3.5%+6.0%-6.6%
Q3 2016-4.9%-5.0%+0.2%
Q2 2016+0.3%-1.3%+0.2%
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013

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