Atn reports fourth quarter and full year 2024 results; provides 2025 outlook

Fourth quarter and full year 2024 financial highlights grew total high-speed subscribers by 3% expanded high-speed broadband homes passed by 16% fourth-quarter revenues declined 9% to $180.5 million year over year; full-year revenues declined 4% to $729.1 million, impacted by the conclusion of the emergency connectivity fund (ecf) program fourth quarter operating income increased to $8.7 million year over year; full year operating income decreased to a loss of $0.8 million fourth quarter net income was $3.6 million, or $0.14 per diluted share, including an $8.9 million tax benefit; full-year net loss was $(26.4) million, or $(2.10) per share, including a goodwill impairment charge of $35.3 million taken in the third quarter fourth quarter adjusted ebitda1 decreased 9% year over year to $46.2 million; full-year adjusted ebitda1 decreased 3% to $184.1 million net cash provided by operating activities expanded 16% year-over-year capital expenditures for the full year were $110.4 million (net of $108.5 million reimbursements) net debt ratio3 was 2.54x at year-end 2024 2025 outlook revenue for the full year 2025 is expected to be in line with last year, excluding construction revenue adjusted ebitda2 for the full year 2025 is expected to be essentially flat with the prior year capital expenditures for the full year 2025 are expected to be in the range of $90 to $100 million (net of reimbursements) net debt ratio3 is expected to remain flat, with a slight potential improvement exiting 2025 compared with 2024 earnings conference call wednesday, march 5, 2025, at 10:00 a.m. et; web participant link: https://edge.media-server.com/mmc/p/93i8ymna beverly, mass.
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