NASDAQ$UNIT

Uniti Group Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported second quarter 2020 results, showing revenues of $266.8 million and a net loss of $3.06 per diluted common share.

Uniti Group Inc. reported strong operational performance across all businesses during the second quarter of 2020, with consolidated revenues of $266.8 million. The company experienced a net loss of $598.3 million, which included a $650 million charge related to the settlement of litigation with Windstream. Adjusted EBITDA was $202.9 million, and AFFO per diluted common share was $0.44.

  • Consolidated revenues for the second quarter of 2020 were $266.8 million.
  • Net loss was $598.3 million, including a $650 million charge relating to the settlement of litigation with Windstream.
  • Adjusted EBITDA was $202.9 million for the second quarter of 2020.
  • AFFO attributable to common shareholders was $94.0 million, or $0.44 per diluted common share.

Headline financials

Total Revenue

$267M

Previous: $264M+0.9%
EPS (adj)

$0.44

Previous: $0.55-20.0%
Net Income

-$598M

Previous: $38.7M-1645.4%
Gross Profit

$227M

Previous: $224M+1.1%
Cash & Equivalents

$88.3M

Previous: $299M-70.5%
Total Assets

$4.82B

Previous: $4.79B+0.5%
Stock-Based Comp

$4.11M

Previous: $3.2M+28.6%

Revenue & EPS history

Uniti · Revenue · Quarterly

$267M

Q2 2020+0.9%vs Q2 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Uniti · $79.1M total across 1 segment · Q2 2020

  • Fiber Infrastructure
    $79.1M-2.7%

Forward guidance

The Company is updating its 2020 outlook for the preliminary estimated impact from the court-approved settlement agreement with Windstream, the impact from the partial sale of the Company’s ownership interest in the Bluebird PropCo, transaction related costs and other items reported in the second quarter of this year, and other business unit level revisions.

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 Q2 2020

Historical avgQ2 2020

-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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