Cable One(CABO)
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Cable One(CABO) - 2022 Q3 - Quarterly Report
2022-11-03 16:00
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(CABO) - 2022 Q2 - Earnings Call Transcript
2022-08-07 16:14
Financial Data and Key Metrics Changes - Total revenues for Q2 2022 were $429.1 million, a 6.8% increase from $401.7 million in Q2 2021 [22] - Adjusted EBITDA increased by 6.7% to $227.5 million, with an adjusted EBITDA margin of 53% [25] - Net income for the quarter was $69.2 million, or $11.11 per share on a fully diluted basis [25] - Operating expenses were $118.4 million, representing 27.6% of revenues, down from 28% in the prior year [23] Business Line Data and Key Metrics Changes - Residential internet service saw a year-over-year customer growth of approximately 41,000, or 4.4% [7] - Business services revenue grew by 7.8% year-over-year, with residential internet revenue growth at 12.4% [22][11] - Residential internet ARPU increased by 2.7% year-over-year [8] Market Data and Key Metrics Changes - Average data usage increased by approximately 16% year-over-year, with peak hour utilization remaining below 22% [13] - The competitive landscape showed that approximately 30% of markets have competitors providing over 100 megabits of speed, a slight increase from the previous quarter [49] Company Strategy and Development Direction - The company is focused on expanding broadband services in underserved rural communities, with recent investments in Visionary Broadband [15] - Continued commitment to digital equity and partnerships with government entities to enhance connectivity [12] - The company is navigating supply chain challenges while maintaining a strong capital investment strategy [26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in long-term business fundamentals despite macroeconomic challenges [6] - The company anticipates continued modest growth in residential internet customers and ARPU in the second half of the year [10] - Management remains focused on integration and operational success of recently acquired brands [43] Other Important Information - Capital expenditures for Q2 2022 totaled $107.3 million, equating to 47.2% of adjusted EBITDA [26] - The company distributed $16.4 million in dividends and repurchased approximately 96,000 shares for $122 million during the quarter [27] Q&A Session Summary Question: Fixed wireless availability and competition - Management indicated that fixed wireless competition has not significantly impacted growth, with T-Mobile's share remaining low in their footprint [36][38] Question: Appetite for large transactions - Management refrained from commenting on M&A speculation, focusing instead on integration and operational success of current brands [42][43] Question: Fiber expansion and competitive landscape - Management acknowledged rising costs for fiber deployment and noted that competition is slower to enter their markets due to diverse locations [45][46] Question: Bad debt and consumer behavior - Bad debt increased from last year but remains lower than 2019 levels, indicating a return to normalcy post-pandemic [56] Question: Organic HSD net additions and divestments - Management clarified that the divestment of the Tallahassee portfolio involved only business services, with modest growth observed in the third quarter [59][60]
Cable One(CABO) - 2022 Q1 - Earnings Call Transcript
2022-05-07 16:59
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 ...
Cable One(CABO) - 2022 Q1 - Quarterly Report
2022-05-05 16:00
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 March 31, 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(CABO) - 2021 Q4 - Earnings Call Transcript
2022-02-26 16:02
Cable One, Inc. (NYSE:CABO) Q4 2021 Earnings Conference Call February 24, 2022 5:00 PM ET Company Participants Steven Cochran - Chief Financial Officer Julie Laulis - President and Chief Executive Officer Conference Call Participants Philip Cusick - JPMorgan Craig Moffett - MoffettNathanson Frank Louthan - Raymond James Greg Williams - Cowen Brandon Nispel - KeyBanc Capital Markets Operator Hello and welcome to today’s Cable One Fourth Quarter 2021 Earnings Call. My name is Elliot and I will be coordinating ...
Cable One(CABO) - 2021 Q4 - Annual Report
2022-02-24 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-36863 Cable One, Inc. (Exact name of registrant as specified in its charter) Delaware 13-3060083 (State or Other ...
Cable One(CABO) - 2021 Q3 - Earnings Call Transcript
2021-11-07 12:53
Cable One, Inc. (NYSE:CABO) Q2 2021 Earnings Conference Call November 4, 2021 5:00 PM ET Company Participants Steven Cochran - Chief Financial Officer Julie Laulis - Chairman, President & Chief Executive Officer Conference Call Participants Frank Louthan - Raymond James Steven Cahall - Wells Fargo Brandon Nispel - KeyBanc Capital Markets Operator Hello, everyone, and welcome to the Cable One Third Quarter 2021 Earnings Call. My name is Bethany, and I'll be coordinating this call for you today. [Operator Ins ...
Cable One(CABO) - 2021 Q3 - Quarterly Report
2021-11-04 16:00
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, 2021 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-36 ...
Cable One(CABO) - 2021 Q2 - Earnings Call Transcript
2021-08-10 03:00
Cable One, Inc. (NYSE:CABO) Q2 2021 Earnings Conference Call August 9, 2021 5:00 PM ET Company Participants Steven Cochran - Chief Financial Officer Julie Laulis - Chairman, President & Chief Executive Officer Conference Call Participants Craig Moffett - MoffettNathanson Frank Louthan - Raymond James Phil Cusick - JPMorgan Steven Cahall - Wells Fargo Brandon Nispel - KeyBanc Capital Markets Operator Good day, and welcome to the Cable One Second Quarter 2021 Earnings Call. All participants are in a listen-on ...
Cable One(CABO) - 2021 Q2 - Quarterly Report
2021-08-08 16:00
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 June 30, 2021 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-36863 C ...