NASDAQ$UNIT

Uniti Group Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Uniti reported fourth quarter and full year results for 2021.

Uniti Group Inc. reported consolidated revenues of $293.0 million and net income of $35.9 million for the fourth quarter of 2021. Adjusted EBITDA was $231.1 million and AFFO attributable to common shareholders was $114.0 million, or $0.44 per diluted common share.

  • Consolidated bookings of ~$1 Million in Monthly Recurring Revenue for the third consecutive quarter.
  • Net Income of $0.15 Per Diluted Common Share for the Fourth Quarter.
  • Adjusted EBITDA grew 7% for the Full Year from the Prior Full Year.
  • AFFO Per Diluted Common Share of $0.44 for the Fourth Quarter.

Headline financials

Total Revenue

$293M

Previous: $275M+6.4%
EPS (adj)

$0.44

Previous: $0.42+4.8%
Capital Expenditures

$386M

Previous: $390M-1.2%
Free Cash Flow

-$240M

Previous: -$346M+30.6%
Net Income

$35.9M

Previous: -$47.7M+175.4%
Operating Income

$30.2M

Previous: -$55.7M+154.2%
Gross Profit

$250M

Previous: $234M+6.6%
Cash & Equivalents

$58.9M

Previous: $77.5M-24.0%
Total Assets

$4.81B

Previous: $4.73B+1.6%
Stock-Based Comp

$2.88M

Previous: $3.28M-11.9%

Revenue & EPS history

Uniti · Revenue · Quarterly

$293M

Q4 2021+6.4%vs Q4 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Uniti · $82M total across 1 segment · Q4 2021

  • Fiber Infrastructure
    $82M+0.7%

Forward guidance

The Company’s consolidated outlook for 2022 excludes future acquisitions, capital market transactions, and future transaction-related and other costs. Revenue is expected to be between $1,118 to $1,136 million and Adjusted EBITDA is expected to be between $881 to $899 million.

Tailwinds

  • Revenue $1,118 to $1,136 million
  • Net income attributable to common shareholders 185 to 203
  • Adjusted EBITDA 881 to 899
  • FFO 398 to 416
  • AFFO 439 to 457

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 2021

Historical avgQ4 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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