NASDAQ$UNIT
Uniti Group Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported solid start to 2024 with strategic fiber business growth and merger announcement with Windstream.
Uniti Group Inc. reported its Q1 2024 results, highlighting a net income of $41.3 million and growth in its core recurring strategic fiber business by 4%. The company also announced a merger with Windstream, expected to expand Uniti's network reach.
- Net income for the first quarter was $41.3 million, or $0.16 per diluted common share.
- AFFO per diluted common share was $0.32 for the first quarter.
- Core recurring strategic fiber business grew 4% compared to Q1 2023.
- Announced merger with Windstream to expand network reach to 1.5 million homes passed with next-gen fiber.
Headline financials
Revenue & EPS history
Uniti · Revenue · Quarterly
$286M
Revenue by segment
Uniti · $68.8M total across 1 segment · Q1 2024
- Fiber Infrastructure$68.8M-12.9%100.0%
Forward guidance
The Company is updating its 2024 outlook primarily for business unit level revisions and transaction related and other costs incurred to date.
Tailwinds
- Revenue between $1,154 million and $1,174 million.
- Net income attributable to common shareholders between $116 million and $136 million.
- Adjusted EBITDA between $930 million and $950 million.
- FFO attributable to common shareholders between $319 million and $339 million.
- AFFO attributable to common shareholders between $362 million and $382 million.
Headwinds
- Outlook excludes any impact from the expected merger with Windstream.
- Outlook excludes future acquisitions.
- Outlook excludes capital market transactions.
- Outlook excludes future transaction-related and other costs not mentioned herein.
- Interest expense, net of $506 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2024
-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
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| 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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