BEVERLY, Mass., June 20, 2025 (GLOBE NEWSWIRE) -- ATN International, Inc. (Nasdaq: ATNI) announced that its Board of Directors has approved a quarterly dividend increase of 15% to $0.275 per share. The quarterly dividend will be payable on July 7, 2025, on all common shares outstanding to stockholders of record as of June 30, 2025. “The Board’s decision to increase the dividend at this time reflects our confidence in the company’s financial strength and future cash flow generation,” said Brad Martin, ATN’s ...

Financial Performance - Total revenue for the three months ended March 31, 2025, was $179.294 million, a decrease of 4.0% from $186.794 million in the same period of 2024[14]. - Communication services revenue decreased to $174.031 million from $181.268 million, reflecting a decline of 4.0% year-over-year[14]. - Net loss attributable to ATN International, Inc. stockholders for Q1 2025 was $8.928 million, compared to a net loss of $6.315 million in Q1 2024, representing an increase in loss of 41.5%[14]. - Basic and diluted net loss per share for Q1 2025 was $(0.69), compared to $(0.50) in Q1 2024, indicating a worsening in per-share performance[14]. - The company reported comprehensive loss attributable to ATN International, Inc. of $8.497 million for Q1 2025, compared to $4.883 million in Q1 2024, indicating a significant increase in comprehensive loss[17]. - For the three months ended March 31, 2025, the company reported a net loss of $11,387,000, compared to a net loss of $7,948,000 for the same period in 2024, indicating a year-over-year increase in losses of approximately 43%[22]. - The company reported a total comprehensive loss of $10,956,000 for the three months ended March 31, 2025, compared to a total comprehensive loss of $6,516,000 for the same period in 2024, indicating a 68.0% increase in losses[22]. - The effective tax rate for the three months ended March 31, 2025 was 1.7%, a significant improvement from the effective tax rate of (25.6%) for the same period in 2024[137][138]. Assets and Liabilities - Total current assets decreased slightly to $305.707 million as of March 31, 2025, from $309.161 million at December 31, 2024[12]. - Total liabilities decreased to $1,049.174 million as of March 31, 2025, from $1,055.349 million at December 31, 2024[12]. - Cash and cash equivalents increased to $83.452 million as of March 31, 2025, compared to $73.393 million at December 31, 2024, showing a growth of 13.9%[12]. - Total assets as of March 31, 2025, were $1,707,449 million, compared to $1,727,103 million at the end of 2024, showing a decrease of approximately 1.1%[157]. - Total debt, including current portion, was $562,384 million as of March 31, 2025, slightly up from $557,356 million at the end of 2024[157]. Cash Flow and Expenditures - The company generated net cash provided by operating activities of $35,905,000 for the three months ended March 31, 2025, compared to $23,176,000 for the same period in 2024, reflecting a year-over-year increase of approximately 55%[22]. - Capital expenditures for the three months ended March 31, 2025, were $20,832,000, a decrease from $36,016,000 in the same period of 2024, indicating a reduction of approximately 42%[22]. - The company declared dividends of $3,652,000 on common stock for the three months ended March 31, 2025, compared to $3,720,000 in the same period of 2024, showing a slight decrease of about 2%[22]. Strategic Focus and Investments - The company continues to focus on strategic investment plans and expansion of its customer base, despite facing challenges in operating margins and subscriber growth[8]. - The company is actively evaluating investment opportunities and strategic transactions to enhance its telecommunications business and generate excess operating cash flows[24]. - The company is focused on expanding its digital infrastructure and communications services in rural and remote markets in the U.S. and internationally, including Bermuda and the Caribbean[23]. Revenue Recognition and Performance Obligations - Revenue recognized under ASC 606 for services transferred over time was $158.221 million for Q1 2025, up from $166.603 million in Q1 2024, indicating a decline of about 5.0%[40]. - Remaining performance obligations totaled $595 million as of March 31, 2025, with approximately 43% expected to be satisfied within the next 24 months[47]. - The company recognized $18.3 million in revenue related to contract liabilities during the three months ended March 31, 2025[45]. - Government support revenue for the three months ended March 31, 2025, was $12.672 million, compared to $11.780 million for the same period in 2024, showing an increase of approximately 7.5%[40]. Operational Segments - Operating income for the International Telecom segment was $14.750 million for the three months ended March 31, 2025, while the US Telecom segment reported an operating loss of $2.415 million[154]. - The company’s operating segments include US Telecom and International Telecom, focusing on providing digital infrastructure and communication services in rural and remote markets[23][26].

ATN International (ATNI) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Company Participants Michele Satrowsky - VP & Corporate TreasurerBrad Martin - CEO and Board MemberCarlos Doglioli - Chief Financial OfficerRic Prentiss - Managing Director Conference Call Participants Gregory Burns - Analyst Operator Day, and thank you for standing by. Welcome to the ATN International Q1 twenty twenty five Earnings Conference Call and Webcast. At this time, all participants are in a listen only mode. After the speakers ...

Financial Data and Key Metrics Changes - Total company revenue for Q1 2025 was $179.3 million, down 4% year over year, primarily due to the wind down of COVID-era government subsidy programs [16] - Adjusted EBITDA increased by 2% to $44.3 million, supported by growth in the international segment [17] - Net loss for Q1 was $8.9 million, compared to a net loss of $6.3 million in the prior year [16][17] - Cash from operations increased by 55% to $35.9 million, reflecting improved working capital management [20] Business Line Data and Key Metrics Changes - International segment revenues increased to $94.5 million, up from $93.1 million year over year, driven by carrier services growth [18] - Adjusted EBITDA for the international segment rose to $32.4 million, an increase of 10% year over year [18] - Domestic segment revenues were $84.8 million, down 9.5% year over year, impacted by the conclusion of government subsidy programs [19] Market Data and Key Metrics Changes - The number of broadband homes passed by high-speed data services increased by 11% year on year to 427,000 households [8] - High-speed subscriber base grew by 2% year on year, indicating steady demand for broadband services [8] Company Strategy and Development Direction - The company aims to grow its fiber and fiber-fed business while transitioning from legacy consumer services [10] - Approximately $370 million in government-funded broadband infrastructure projects are underway, with over half expected to be completed in 2025 [11] - The focus remains on expanding high-speed broadband and business services in international markets while stabilizing the U.S. business around sustainable revenue streams [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged macroeconomic uncertainties but expressed confidence in operational performance and disciplined investment strategies [6] - The company reaffirmed its 2025 outlook, expecting revenue to align with 2024 levels, excluding construction revenue [22] - Management is monitoring trade and tariff developments, believing they can manage any near-term impacts within the existing financial outlook [13] Other Important Information - The company plans to shift the timing of its earnings release and calls by approximately one week to better align with its 10-Q filing [4][5] - Capital expenditures in Q1 totaled $20.8 million, a reduction from $36 million in the prior year's quarter, reflecting a shift towards increasing operational cash flow [21] Q&A Session Summary Question: How insulated is the company from trade and tariff impacts? - The company sources a significant portion of its fiber construction materials in the U.S., while electronics are monitored closely due to potential tariff impacts [31][33] Question: What is the company's exposure to foreign exchange rates? - The majority of international operations are in stable markets, with no significant fluctuations observed so far [35] Question: How does the company view the marketplace regarding private versus public multiples? - The company is observing the vibrant market dynamics and is focused on unlocking value for investors [36] Question: How will government funding impact financials? - Approximately half of the $370 million in government funding projects are expected to be completed in 2025, with significant monetization anticipated in 2026 and 2027 [40][41] Question: What is the outlook for the BEAD program? - The company is participating in the BEAD program, with funding dynamics being monitored closely, and expects delays in award timing [44][46] Question: What progress has been made in monetizing investments? - New leadership teams have been established, and there is growing carrier demand for access and transport services, indicating positive progress [49][51]

Cautionary Language Concerning Forward-Looking Statements First Quarter 2025 Earnings Call May 1, 2025 1 Safe Harbor and Non-GAAP Financial Measures Definition Q1 FY 2025 This presentation contains forward-looking statements relating to, among other matters, the Company's future financial performance, business goals and objectives, and results of operations, expectations regarding the transition of its US Telecom business, its future revenues, operating income, cash flows, network and operating costs, Adjus ...

Financial Performance - Consolidated revenues for Q1 2025 were $179.3 million, a decline of 4% from $186.8 million in Q1 2024[8] - Adjusted EBITDA increased by 2% to $44.3 million in Q1 2025, compared to $43.5 million in the same quarter last year[12] - Net loss attributable to ATN stockholders was $(8.9) million, or $(0.69) per share, compared to a net loss of $(6.3) million, or $(0.50) per share in Q1 2024[11] - Total revenue for Q1 2025 was $179.294 million, a decrease of 4.0% from $186.794 million in Q1 2024[37] - Communications services revenue was $174.031 million, down 4.0% from $181.268 million year-over-year[37] - Operating income for Q1 2025 was $2.667 million, compared to $4.574 million in Q1 2024, reflecting a decline of 41.7%[37] - Basic and diluted net income (loss) per share was $(0.69) for Q1 2025, compared to $(0.50) in Q1 2024[37] - Adjusted EBITDA for Q1 2025 was $44,339 million, compared to $43,518 million in Q1 2024, reflecting a year-over-year increase of 1.9%[45] - Total operating expenses for Q1 2025 were $176,627 million, up from $182,220 million in Q1 2024, indicating a decrease of 3.2%[41] - The company reported an operating income of $2,667 million for Q1 2025, compared to $4,574 million in Q1 2024, representing a decline of 41.8%[41] Cash Flow and Capital Expenditures - Net cash provided by operating activities increased by 55% to $35.9 million in Q1 2025, compared to $23.2 million in Q1 2024[19] - Capital expenditures for Q1 2025 were $20.8 million, down from $36.0 million in the prior year period[19] - Net cash provided by operating activities was $35.905 million for Q1 2025, an increase from $23.176 million in Q1 2024[39] - Capital expenditures for Q1 2025 were $20.832 million, down from $36.016 million in the same period last year[39] - The company reported a net change in total cash, cash equivalents, and restricted cash of $8.015 million for the quarter, ending with a total of $97.259 million[39] Assets and Liabilities - Total assets decreased to $1.707 billion as of March 31, 2025, from $1.727 billion at the end of 2024[35] - Total liabilities were $1.049 billion as of March 31, 2025, slightly down from $1.055 billion at the end of 2024[35] - Total current assets as of March 31, 2025, were $305,707 million, slightly down from $309,161 million at the end of 2024[41] - Total debt, including the current portion, was $562,384 million as of March 31, 2025, compared to $557,356 million at the end of 2024, showing a slight increase[48] - The company’s total assets were $1,707,449 million as of March 31, 2025, compared to $1,727,103 million at the end of 2024, reflecting a decrease[48] Debt Management - The net debt ratio was 2.52x as of March 31, 2025, compared to 2.54x at the end of 2024[18] - The net debt ratio improved to 2.52 as of March 31, 2025, down from 2.54 at the end of 2024, indicating better leverage management[48] Subscriber Growth - High-speed broadband homes passed increased by 11% to 427,300 in Q1 2025[16] - Total high-speed subscribers grew by 2% to 141,300 in Q1 2025[16] Future Outlook - For full year 2025, revenue excluding construction revenue is expected to align with last year's result of $725 million[23] - Adjusted EBITDA for full year 2025 is expected to be essentially flat with the prior year result of $184 million[23] Non-controlling Interests - The company reported a net income attributable to non-controlling interests of $2,459 million for Q1 2025, compared to $1,633 million in Q1 2024, indicating an increase of 50.6%[41]

Company Performance - ATN International reported a quarterly loss of $0.57 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.10, marking an earnings surprise of -470% [1] - The company posted revenues of $179.29 million for the quarter ended March 2025, slightly exceeding the Zacks Consensus Estimate by 0.35%, but down from $186.79 million a year ago [2] - Over the last four quarters, ATN International has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times as well [2] Stock Outlook - The stock has increased approximately 8.9% since the beginning of the year, contrasting with the S&P 500's decline of -5.5% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.17 on revenues of $183.71 million, and for the current fiscal year, it is -$0.08 on revenues of $728.03 million [7] Industry Context - The Wireless National industry, to which ATN International belongs, is currently ranked in the top 31% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact ATN International's stock performance [5][6]

Core Insights - ATN International, Inc. reported a 4% decline in consolidated revenues for Q1 2025, totaling $179.3 million compared to $186.8 million in Q1 2024, primarily due to the wind-down of subsidy programs in the US Telecom segment [6][9][4] - Adjusted EBITDA increased by 2% year-over-year to $44.3 million, supported by disciplined cost management despite lower revenues [9][4] - The company experienced a net loss of $8.9 million, or $0.69 per share, compared to a net loss of $6.3 million, or $0.50 per share, in the previous year [9][8] Financial Performance - Operating income decreased to $2.7 million in Q1 2025 from $4.6 million in Q1 2024, impacted by lower revenues and increased transaction-related charges [7][9] - Net cash provided by operating activities rose significantly by 55% to $35.9 million, up from $23.2 million in the prior year [17][9] - Capital expenditures for the quarter were $20.8 million, down from $36.0 million in the same period last year [17][9] Segment Performance - International Telecom segment revenue increased to $94.5 million, while US Telecom segment revenue decreased to $84.8 million [11][41] - The International segment maintained positive momentum with consistent demand for high-speed services, contributing to a year-over-year increase in Adjusted EBITDA [5][4] - The US Telecom segment is undergoing a transition strategy to align networks with business and carrier solutions, which is expected to impact near-term revenue but improve margins over time [5][4] Business Outlook - The company reaffirmed its full-year 2025 outlook, expecting revenues (excluding construction revenue) to align with last year's result of $725 million and Adjusted EBITDA to remain flat at approximately $184 million [22][19] - Capital expenditures for 2025 are projected to be in the range of $90 to $100 million, with the Net Debt Ratio expected to remain flat or slightly improve by the end of 2025 [22][19] - The focus for 2025 is on expanding cash flow and capturing benefits from strategic investments made over the past three years [19][4]

Group 1 - ATN International (ATNI) is a notable stock in the Computer and Technology sector, currently outperforming its peers with a year-to-date return of 6.4% compared to the sector average of -11.2% [4] - The Zacks Rank for ATN International is 1 (Strong Buy), indicating a positive earnings outlook and strong analyst sentiment, with a 74.7% increase in the consensus estimate for full-year earnings over the past three months [3][4] - ATN International belongs to the Wireless National industry, which has an average year-to-date return of 9.7%, indicating that ATNI is slightly underperforming its industry [6] Group 2 - Another stock in the Computer and Technology sector, Spotify (SPOT), has shown a year-to-date return of 33.6% and has a Zacks Rank of 2 (Buy) with a 20.7% increase in the consensus estimate for its current year EPS over the past three months [5] - The Computer and Technology sector is ranked 8 in the Zacks Sector Rank, which measures the strength of individual sector groups [2]

Core Viewpoint - ATN International, Inc. will release its first quarter 2025 results on April 30, 2025, and will host a conference call on May 1, 2025, to discuss these results [1] Company Overview - ATN International, Inc. is a leading provider of digital infrastructure and communications services, operating in the United States and internationally, including the Caribbean region [4] - The company focuses on rural and remote markets with a growing demand for infrastructure investments [4] - ATN's services include advanced wireless and wireline connectivity, high-speed Internet, data services, fixed and mobile wireless solutions, video and voice services, as well as carrier and enterprise communications services [4]