NASDAQ$UNIT

Uniti Group Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported fourth quarter and full year 2019 results.

Uniti Group Inc. reported consolidated revenues of $268.5 million for the fourth quarter of 2019. Net loss was $11.4 million and Adjusted EBITDA was $202.9 million for the same period. Adjusted Funds From Operations (AFFO) attributable to common shareholders was $101.7 million, or $0.48 per diluted common share.

  • Reached an agreement in principle with Windstream.
  • Announced the sale of select U.S. Towers and entered into an ongoing strategic tower arrangement.
  • Issued $2.25 billion of Senior Secured Notes and significantly extended debt maturities.
  • Introduced 2020 Financial Outlook.

Headline financials

Total Revenue

$269M

Previous: $271M-0.8%
EPS (adj)

$0.48

Previous: $0.64-25.0%
Capital Expenditures

$671M

Previous: $130M+417.3%
Free Cash Flow

-$616M

Previous: -$56.9M-983.1%
Net Income

-$11.4M

Previous: $14.3M-179.1%
Operating Income

-$16.8M

No prior period
Gross Profit

$227M

Previous: $230M-1.2%
Cash & Equivalents

$143M

Previous: $38M+275.6%
Total Assets

$5.02B

Previous: $4.59B+9.2%
Stock-Based Comp

$2.88M

Previous: $2.01M+43.5%

Revenue & EPS history

Uniti · Revenue · Quarterly

$269M

Q4 2019-0.8%vs Q4 2018
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Uniti · $79.5M total across 1 segment · Q4 2019

  • Fiber Infrastructure
    $79.5M

Forward guidance

The Company’s consolidated outlook for 2020 excludes any impact from the announced agreement in principle related to the Windstream reorganization process as the effective date and accounting treatment are uncertain at this time. The outlook includes the sale of 486 of our U.S. towers with an expected closing in April 2020, assumes the Windstream lease continues in full force and effect and that Windstream continues to make all lease payments on time.

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 Q4 2019

Historical avgQ4 2019

-1.2%

Avg return

Earnings day

-0.7%

Avg return

5 days after

-0.8%

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%
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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