NASDAQ$UNIT

Uniti Group Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported strong third quarter results with significant growth in Adjusted EBITDA and AFFO.

Uniti Group Inc. reported consolidated revenues of $266.7 million for the third quarter of 2021. Net income was $43.7 million, and Adjusted EBITDA was $217.2 million. Adjusted Funds From Operations (AFFO) attributable to common shareholders was $109.9 million, or $0.43 per diluted common share, representing a 19% increase compared to the third quarter of 2020.

  • Achieved second consecutive quarter of consolidated bookings of approximately $1.0 million in monthly recurring revenue.
  • Net income of $0.17 per diluted common share, an increase of $0.13 per diluted common share from the prior year third quarter.
  • Adjusted EBITDA and AFFO grew 9% and 19%, respectively, from the prior year third quarter.
  • AFFO Per Diluted Common Share of $0.43 for the Third Quarter

Headline financials

Total Revenue

$267M

Previous: $259M+3.1%
EPS (adj)

$0.43

Previous: $0.42+2.4%
Net Income

$43.7M

Previous: $7.5M+482.7%
Operating Income

$40.8M

Previous: $10.6M+285.3%
Gross Profit

$162M

Previous: $221M-26.7%
Cash & Equivalents

$69.8M

Previous: $196M-64.3%
Total Assets

$4.78B

Previous: $4.84B-1.1%
Stock-Based Comp

$4.17M

Previous: $3.34M+24.7%

Revenue & EPS history

Uniti · Revenue · Quarterly

$267M

Q3 2021+3.1%vs Q3 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Uniti · $67.3M total across 1 segment · Q3 2021

  • Fiber Infrastructure
    $67.3M-12.0%

Forward guidance

The Company is updating its 2021 outlook primarily for the impact of our offering of the 2030 Notes and related redemption, lower than expected operational costs, and the impact of transaction-related and other costs incurred to date.

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 Q3 2021

Historical avgQ3 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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