NYSE$CABO

Cable One Inc. · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported an increase in revenue and net income driven by residential data and business services growth, including contributions from the Hargray acquisition.

Cable One reported a strong second quarter with a 22.4% increase in total revenues to $401.7 million, driven by growth in residential data and business services, including $50.6 million from Hargray operations. Net income increased by 69.7% to $106.2 million, with $4.4 million from Hargray operations. Adjusted EBITDA increased by 30.7% to $213.2 million, including $22.3 million from Hargray operations.

  • Total revenues increased by 22.4% to $401.7 million, including $50.6 million from Hargray operations.
  • Net income increased by 69.7% to $106.2 million, including $4.4 million from Hargray operations.
  • Residential data revenues increased by 26.6%, including $18.0 million from Hargray operations.
  • Business services revenues increased by 31.0%, including $14.9 million from Hargray operations.

Headline financials

Total Revenue

$402M

Previous: $328M+22.4%
EPS (adj)

$16.68

Previous: $10.63+56.9%
Capital Expenditures

-$161M

Previous: -$143M-12.4%
Free Cash Flow

-$55M

Previous: -$80.9M+32.0%
Net Income

$106M

Previous: $62.5M+69.7%
Operating Income

$115M

Previous: $90.7M+27.2%
Gross Profit

$289M

Previous: $222M+30.2%
Cash & Equivalents

$449M

Previous: $643M-30.1%
Total Assets

$6.83B

Previous: $3.74B+82.5%
Stock-Based Comp

$5.28M

Previous: $3.43M+54.1%

Revenue & EPS history

Cable One · Revenue · Quarterly

$402M

Q2 2021+22.4%vs Q2 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Cable One · $345M total across 4 segments · Q3 2023

  • Residential Data
    $247M+3.9%
  • Residential Video
    $62.3M-20.5%
  • Other
    $26M+202.1%
  • Residential Voice
    $9.08M-27.4%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

-0.8%

Avg return

Earnings day

-2.2%

Avg return

5 days after

-2.3%

Avg return

30 days after

56%

27 / 48 earnings

Positive

+8.3%

Q3 2023

Best reaction

-42.5%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.6%-29.7%-41.5%
Q4 2025+6.0%+27.0%+4.7%
Q3 2025-1.8%-14.4%-4.6%
Q1 2025-42.5%-33.4%-44.1%
Q3 2024-3.6%-3.6%+1.0%
Q2 2024-4.6%-3.6%-14.7%
Q1 2024-4.6%-0.9%-2.7%
Q4 2023-7.3%-6.3%-9.1%
Q3 2023+8.3%+10.1%-1.3%
Q2 2023-8.4%-6.5%-14.0%
Q1 2023-3.6%-5.6%-13.7%
Q4 2022-5.8%-5.8%-8.4%
Q3 2022-16.0%-19.9%-9.6%
Q2 2022-4.2%-7.9%-21.3%
Q1 2022-1.1%-3.3%+13.1%
Q4 2021+3.1%+2.2%+7.9%
Q3 2021+1.2%+3.1%+3.9%
Q2 2021+1.3%+3.6%+2.4%
Q1 2021+3.4%+2.4%+4.5%
Q4 2020-4.8%-9.5%-10.4%
Q3 2020+1.9%-0.8%+11.0%
Q2 2020+4.1%+1.6%+0.4%
Q1 2020+2.6%-0.5%-2.3%
Q4 2019-1.7%+0.7%-8.3%
Q3 2019+6.1%+11.1%+14.0%
Q2 2019+3.4%+3.1%+7.7%
Q1 2019-0.1%+1.4%+8.4%
Q4 2018-1.1%-0.9%+2.2%
Q3 2018-2.9%-2.6%-3.2%
Q2 2018+3.3%+3.9%+13.5%
Q1 2018+8.0%+10.7%+10.1%
Q4 2017+0.1%+1.7%+0.9%
Q3 2017+0.2%-3.1%-2.2%
Q2 2017-1.8%-3.3%-2.8%
Q1 2017+0.5%-1.6%+8.7%
Q4 2016-1.6%-3.8%-2.9%
Q3 2016-0.4%+0.1%+5.7%
Q2 2016+1.9%+1.7%+9.1%
Q1 2015+5.2%
Q1 2016+3.8%
Q4 2013+0.8%
Q1 2014+0.8%
Q4 2015+5.1%
Q3 2014+0.2%
Q3 2015-0.6%
Q4 2014+3.6%
Q2 2014+3.6%
Q2 2015+0.1%

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