NASDAQ$UNIT

Uniti Group Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported strong results driven by robust demand across all business segments and improved financial profile through refinancing transactions.

Uniti Group Inc. reported consolidated revenues of $272.6 million for the first quarter of 2021. The company's net loss was $4.5 million, while Adjusted EBITDA reached $214.2 million. Adjusted Funds From Operations (AFFO) attributable to common shareholders was $103.1 million, or $0.41 per diluted common share, representing a 7% increase compared to the first quarter of 2020.

  • Revenues for the first quarter reached $272.6 million.
  • Net loss was $0.02 per diluted common share.
  • AFFO per diluted common share was $0.41.
  • Company issued $570 million of Senior Secured Notes with no significant debt maturities until 2024.

Headline financials

Total Revenue

$273M

Previous: $266M+2.4%
EPS (adj)

$0.41

Previous: $0.45-8.9%
Capital Expenditures

$84.4M

Previous: $75.1M+12.4%
Free Cash Flow

$42.3M

Previous: $57.2M-26.0%
Net Income

-$4.5M

Previous: -$80.3M+94.4%
Operating Income

-$7.46M

Previous: -$84.8M+91.2%
Gross Profit

$235M

Previous: $226M+3.8%
Cash & Equivalents

$122M

Previous: $109M+12.0%
Total Assets

$4.78B

Previous: $5.01B-4.6%
Stock-Based Comp

$3.34M

Previous: $3M+11.4%

Revenue & EPS history

Uniti · Revenue · Quarterly

$273M

Q1 2021+2.4%vs Q1 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Uniti · $77.7M total across 1 segment · Q1 2021

  • Fiber Infrastructure
    $77.7M+0.3%

Forward guidance

The Company is updating its 2021 outlook for the impact of our 4.75% senior secured notes offering and related redemption, the impact of transaction related and other costs incurred to date, and estimates of depreciation and amortization.

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 2021

Historical avgQ1 2021

-1.2%

Avg return

Earnings day

-0.7%

Avg return

5 days after

-0.7%

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%+2.8%
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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