NYSE$CABO

Cable One Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported financial results for the quarter and year ended December 31, 2021.

Cable One reported a 28.5% increase in total revenues for Q4 2021, reaching $432.6 million, driven by the acquisition of Hargray and growth in residential data and business services. Net income decreased by 39.0% to $64.8 million due to a non-cash gain on sale of business in Q4 2020. Residential data PSUs grew by approximately 22,000, or 2.4%, sequentially.

  • Total revenues increased by 28.5% to $432.6 million compared to Q4 2020, including $77.8 million from Hargray operations.
  • Net income decreased by 39.0% to $64.8 million, including $5.0 million from Hargray operations, due to a non-cash gain on sale of business in the prior year.
  • Adjusted EBITDA increased by 25.9% to $225.3 million, including $33.8 million from Hargray operations.
  • Residential data PSUs grew by approximately 22,000, or 2.4%, sequentially and 23.2% year-over-year.

Headline financials

Total Revenue

$433M

Previous: $337M+28.5%
EPS (adj)

$10.54

Previous: $7.73+36.4%
Passings

1.1M

Previous: 2.2M-50.0%
Capital Expenditures

$110M

Previous: $75.2M+46.1%
Free Cash Flow

$64.1M

Previous: $100M-36.0%
Net Income

$64.8M

Previous: $106M-39.0%
Operating Income

$124M

Previous: $69.4M+79.3%
Gross Profit

$313M

Previous: $237M+31.8%
Cash & Equivalents

$389M

Previous: $575M-32.4%
Total Assets

$6.95B

Previous: $4.49B+54.9%
Stock-Based Comp

$5.22M

Previous: $4.08M+28.0%

Revenue & EPS history

Cable One · Revenue · Quarterly

$433M

Q4 2021+28.5%vs Q4 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Cable One · $347M total across 4 segments · Q4 2021

  • Residential Data
    $225M+27.5%
  • Residential Video
    $92.6M+37.5%
  • Other
    $18.2M-26.0%
  • Residential Voice
    $11.2M+14.6%

Forward guidance

No specific forward guidance provided in the release.

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 Q4 2021

Historical avgQ4 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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