Cable One, Inc. (NYSE:CABO) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Jordan Morkert - Investor Relations Julie Laulis - President and Chief Executive Officer Todd Koetje - Chief Financial Officer Conference Call Participants Phil Cusick - JPMorgan Frank Louthan - Raymond James Greg Williams - TD Cowen Craig Moffett - MoffettNathanson Steven Cahall - Wells Fargo Brandon Nispel - KeyBanc Capital Markets Operator Good afternoon ladies and gentlemen. Thank you for standing ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 or Commission File Number:001-36863 ___________________ 210 E. Earll Drive, Phoenix, Arizona 85012 (Address of Principal Executive Of ices) (Zip Code) Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been s ...

Financial Data and Key Metrics Changes - Total revenues for Q1 2023 were $421.9 million, a decrease of 1.1% from $426.7 million in Q1 2022, primarily due to declines in low-margin residential video and voice revenues [36] - Adjusted EBITDA was $228.8 million for Q1 2023, an increase of 1% compared to Q1 2022, with an adjusted EBITDA margin of 54.2%, reflecting a 110 basis point improvement [39] - Capital expenditures totaled $96.1 million for Q1 2023, equating to 42% of adjusted EBITDA, compared to $99.4 million or 43.9% in the prior year quarter [6] Business Line Data and Key Metrics Changes - Residential broadband revenue grew by 5.5% year-over-year, with an increase in both customers and ARPU [21] - Business services revenue grew by 2.9% on an adjusted basis, driven by stronger growth in SMB and enterprise broadband offerings [22] - Residential broadband ARPU increased by 4.5% year-over-year, with significant demand for higher speed tiers [24] Market Data and Key Metrics Changes - The company reported a decrease in new customer starts due to a slow pace of home move activity, although churn rates remained low, indicating strong customer retention [23] - Approximately 21% of residential customers now exceed a terabyte of usage each month, reflecting a 20% increase from the previous year [28] - Average network utilization during peak hours improved, with downstream and upstream utilization decreasing from 23% to 21% [28] Company Strategy and Development Direction - The company continues to focus on managing its balance sheet to support long-term investments while navigating a challenging economic environment [8] - Ongoing investments in advanced broadband networks and high-return projects are prioritized to extend networks to underserved areas [6] - The company is exploring new product offerings and pricing strategies to enhance customer value and defend market share against competition [53] Management's Comments on Operating Environment and Future Outlook - Management expressed uncertainty regarding the impact of economic conditions on customer growth but remains optimistic about the company's ability to grow broadband adds throughout the year [90] - The company is committed to investing in network upgrades and enhancing service offerings to meet increasing data demands [25] - Management noted that while competition from mobile fixed wireless exists, it does not significantly impact the existing customer base [26] Other Important Information - The company successfully completed a financing transaction that extended maturities and provided strategic flexibility, with the next scheduled maturity date in 2026 [11] - The company received recognition for its workplace culture, being ranked by Forbes and Newsweek for its inclusive environment [33] Q&A Session Summary Question: How do you think about seasonal impacts and the effect of slowing housing growth? - Management noted that while economic indicators suggest challenges, customer demand for higher speed tiers remains strong, and they expect to follow typical seasonality cycles [15] Question: Can you discuss M&A activity in the current market? - Management indicated that it is too soon to assess M&A activity due to changing market conditions and rising interest rates, but they continue to be a preferred aggregator for smaller businesses [14][2] Question: What is the company's strategy regarding pricing and promotions? - Management stated that promotions were not significantly heavier and emphasized a focus on higher-end product offerings while testing various strategies [40] Question: What is the company's exposure to the ACP program? - Management indicated that less than 30,000 customers are dependent on the ACP program, suggesting limited exposure if it is not reauthorized [68] Question: What are the plans for wireless offerings in the future? - Management emphasized that their current focus is on growing market share in existing areas and that wireless offerings will be considered based on customer demand and profitability [64]

Table of Contents See accompanying notes to the condensed consolidated financial statements. CABLE ONE, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------------------------------|-------|--------------|--------------|------------------| | (in thousands) | | Three \n2023 | Months March | Ended 31, \n2022 | | Cash flows from operating activities: | | | | | | Net income | $ | 57,426 ...

Cable One, Inc. (NYSE:CABO) Q4 2022 Earnings Conference Call February 23, 2023 5:00 PM ET Company Participants Jordan Morkert - Investor Relations Julie Laulis - Chairman, President and Chief Executive Officer Todd Koetje - Chief Financial Officer Conference Call Participants Gregory Williams - Cowen and Company, LLC Frank Louthan - Raymond James & Associates, Inc. Craig Moffett - MoffettNathanson SVB Securities Brandon Nispel - KeyBanc Capital Markets Inc. Steven Cahall - Wells Fargo Securities, LLC Operat ...

Security breaches and other disruptions, including cyber-attacks, and our actual or perceived failure to adequately protect business and consumer data could give rise to liability or reputational harm. Various federal, state and international laws and regulations govern the collection, use, retention, sharing and security of consumer data and sensitive personal information that could be used to commit identity theft. This area of the law is evolving, and interpretations of applicable laws and regulations di ...

Cable One, Inc. (NYSE:CABO) Q3 2022 Results Conference Call November 3, 2022 5:00 PM ET Company Participants Jordan Morkert - Investor Relations Julie Laulis - President and Chief Executive Officer Todd Koetje - Chief Financial Officer Conference Call Participants Greg Williams - Cowen Craig Moffett - MoffettNathanson SVB Securities Frank Louthan - Raymond James Brandon Nispel - KeyBanc Operator Good afternoon, ladies and gentlemen. Thank you for joining today's Cable One Third Quarter 2022 Earnings Call. M ...

Table of Contents Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common Stock, par value $0.01 CABO New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ...

Cable One, Inc. (NYSE:CABO) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET Company Participants Jordan Morkert – Investor Relations Julie Laulis – President and Chief Executive Officer Todd Koetje – Chief Financial Officer Conference Call Participants Dan Osley – Wells Fargo Craig Moffett – MoffettNathanson Frank Louthan – Raymond James Brandon Nispel – KeyBanc Capital Bank Operator Good afternoon, ladies and gentlemen. Thank you for attending today's Cable One Second Quarter 2022 Earnings Call. ...

Cable One, Inc. (NYSE:CABO) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET Company Participants Steven Cochran – Chief Financial Officer Julie Laulis – President and Chief Executive Officer Conference Call Participants Frank Louthan – Raymond James Greg Williams – Cowen Steve Cahall – Wells Fargo Brandon Nispel – KeyBanc Capital Markets Jay Li – MoffettNathanson Hudi Miller – GoldenTree Operator Good day, and thank you for standing by. Welcome to the Cable One First Quarter 2022 Earnings Call. At t ...