NASDAQ$UNIT

Uniti Group Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported strong first quarter results with increased consolidated bookings and growth in Adjusted EBITDA and AFFO.

Uniti Group Inc. reported consolidated revenues of $278.0 million and net income of $52.9 million for the first quarter of 2022. Adjusted EBITDA grew 4.9% and AFFO grew 9.0% compared to the first quarter of 2021. The company also raised its 2022 outlook.

  • Consolidated bookings increased over 50% from the prior year.
  • Net income was $0.21 per diluted common share, an increase of $0.23 from the prior year first quarter.
  • Adjusted EBITDA and AFFO grew 4.9% and 9.0%, respectively, from the prior year first quarter.
  • AFFO per diluted common share was $0.43 for the first quarter.

Headline financials

Total Revenue

$278M

Previous: $273M+2.0%
EPS (adj)

$0.43

Previous: $0.41+4.9%
Net Income

$52.9M

Previous: -$4.5M+1275.6%
Operating Income

$50.2M

Previous: -$7.46M+773.8%
Gross Profit

$172M

Previous: $235M-26.8%
Cash & Equivalents

$51.1M

Previous: $122M-58.3%
Total Assets

$4.89B

Previous: $4.78B+2.3%
Stock-Based Comp

$3.31M

Previous: $3.34M-0.7%

Revenue & EPS history

Uniti · Revenue · Quarterly

$278M

Q1 2022+2%vs Q1 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Uniti · $73.4M total across 1 segment · Q1 2022

  • Fiber Infrastructure
    $73.4M-5.5%

Forward guidance

The Company is updating its 2022 outlook for business unit level revisions, the impact of transaction related and other costs incurred to date, and changes in the estimates of interest expense, depreciation & amortization and weighted-average diluted common shares outstanding.

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 2022

Historical avgQ1 2022

-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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