Atn reports third-quarter 2023 results; reiterates 2023 outlook; provides preliminary outlook for 2024

“first-to-fiber” and “glass & steel™” strategies drive year over year growth grew revenue 5% to $191.0 million increased total high-speed subscribers by 20% expanded broadband homes passed by high-speed data services by 52% capital expenditures were $37.2 million (net of $7.3 million of reimbursements) operating income and adjusted ebitda improvements follow subscriber and revenue growth net loss of $(3.6) million, or a $(0.31) loss per share; operating income increased to $6.8 million increased adjusted ebitda1 by 10% to $47.8 million reiterates 2023 outlook 2 adjusted ebitda for the full year 2023 expected to be in the range of $183 to $193 million capital expenditures for the full year 2023 expected to be in the range of $160 to $170 million (net of reimbursements) provides preliminary 2024 outlook 2 adjusted ebitda for the full year 2024 expected to be in the range of $200 to $208 million capital expenditures for the full year 2024 expected to be in the range of $120 to $130 million (net of reimbursements) earnings conference call thursday, october 26, 2023, at 10:00 a.m. et; web participant link: https://edge.media-server.com/mmc/p/3yif2rqx/ beverly, mass.
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