Core Insights - Shenandoah Telecommunications Company ("Shentel") reported significant growth in 2024, driven by the acquisition of Horizon and expansion of its Glo Fiber service, achieving a record year in construction and sales [3][5][6]. Financial Performance - Total revenue for 2024 increased by $58.9 million, or 21.9%, reaching $328.1 million, primarily due to $47.7 million from newly acquired Horizon markets [6]. - Adjusted EBITDA for 2024 rose to $94.6 million, a 19.7% increase compared to 2023, with contributions from former Horizon markets [9][10]. - The company experienced a loss from continuing operations of $28.4 million in 2024, compared to a profit of $1.0 million in 2023, largely due to increased depreciation and interest expenses [9][10]. Glo Fiber Expansion - Glo Fiber Expansion Markets saw a 56% year-over-year growth in data customers, totaling over 65,000, and a 48% increase in passings to approximately 346,000 [5][29]. - Revenue from Glo Fiber Expansion Markets grew by 65%, or $22.8 million, reaching $57.9 million [5]. Cost and Expenses - Cost of services increased by approximately $27.3 million, or 27.0%, primarily due to expenses in the newly acquired Horizon markets [6]. - Selling, general, and administrative expenses rose by $15.9 million, or 16.0%, driven by costs associated with the Horizon acquisition and Glo Fiber expansion [6]. Capital Expenditures and Liquidity - Capital expenditures for 2024 totaled $319.1 million, up from $255.1 million in 2023, reflecting investments in Horizon markets and Glo Fiber expansion [15]. - As of December 31, 2024, Shentel had cash and cash equivalents of $46.3 million and total available liquidity of approximately $399.9 million [15]. Market Statistics - Total homes passed grew to approximately 585,000, with Glo Fiber Expansion Markets accounting for 346,000 of these [9][29]. - The company reported a 50.9% increase in broadband data subscribers in Glo Fiber Expansion Markets [6].

Core Viewpoint - Shenandoah Telecommunications Company (Shentel) is expanding its high-speed, gigabit internet service to rural areas in Shenandoah County, supported by a $47 million construction project funded by the Virginia Telecommunication Initiative (VATI) and local contributions [1][2][3]. Group 1: Company Initiatives - Shentel has extended high-speed internet service to approximately 5,000 additional homes and plans to add over 2,000 more by the end of the year [1]. - The construction project aims to enhance broadband infrastructure in rural areas lacking access to high-speed internet, contributing to community competitiveness [1][2]. - Shentel's commitment to expanding broadband accessibility has been consistent since its founding in 1902, significantly impacting the community's future [2]. Group 2: Community Impact - The partnership between Shenandoah County and Shentel, supported by the VATI grant, has improved access to essential resources, education, economic growth, and healthcare for residents [2]. - The initiative addresses the challenges of building rural broadband due to higher costs associated with lower population density and extensive distances between homes [3]. - The project is expected to create a more connected rural landscape, enhancing the quality of life for residents [2]. Group 3: Company Profile - Shentel provides broadband services through high-speed fiber optic and cable networks across eight states in the eastern United States [4]. - The company offers a range of services, including broadband internet, video, voice, high-speed Ethernet, dark fiber leasing, and managed network services [4]. - Shentel operates an extensive regional network with over 16,300 route miles of fiber [4].

Core Points - Shenandoah Telecommunications Company (Shentel) will release its fourth quarter and full year 2024 financial results on February 20, 2025, before the market opens [1] - A conference call and webcast will be held on the same day at 8:30 AM Eastern Time to discuss the financial results and business highlights [1] - A replay of the call will be available for a limited time on the Investor Relations page of the Company's website [2] Company Overview - Shenandoah Telecommunications Company provides broadband services through high-speed fiber optic and cable networks to residential and commercial customers in eight contiguous states in the eastern United States [3] - The Company's services include broadband internet, video, voice, high-speed Ethernet, dark fiber leasing, and managed network services [3] - The Company owns an extensive regional network with over 16,300 route miles of fiber [3]

Group 1: Company Overview - Glo Fiber, powered by Shenandoah Telecommunications Company (Shentel), provides next-generation fiber-to-the-home (FTTH) multi-gigabit broadband internet access, live streaming TV, and digital phone service [5] - The company currently serves approximately 320,000 homes and businesses across multiple states, including Virginia, West Virginia, Maryland, Pennsylvania, Ohio, and Delaware [5][6] - Shentel operates an extensive regional network with over 16,300 route miles of fiber, offering a range of services including broadband internet, video, voice, high-speed Ethernet, dark fiber leasing, and managed network services [6] Group 2: Service Offerings - Glo Fiber offers ultra-fast, symmetrical upload and download speeds of up to 5 gigabits per second (Gbps) through its fiber-to-the-home technology [3][7] - The company emphasizes high speeds, low latency, and unparalleled internet reliability, supported by its state-of-the-art XGS-PON 10 Gbps networks [5][7] - Glo Fiber provides straightforward pricing with no long-term contracts, enhancing customer satisfaction through prompt and friendly local customer service [7] Group 3: Expansion and Community Engagement - Glo Fiber has opened a new retail store in Suffolk, Virginia, with plans to expand service to over 8,000 additional locations by the end of the year [1][2] - The company has already made its services available to over 17,000 homes and businesses in Suffolk, contributing to local economic growth [2] - Glo Fiber is committed to fostering economic development in the communities it serves, as highlighted by its partnership with the City of Suffolk [2]

Expansion will bring internet speeds up to 5 Gbps to the county seat of Clarke County EDINBURG, Va., Feb. 11, 2025 /PRNewswire/ -- Glo Fiber, powered by Shenandoah Telecommunications Company ("Shentel") (Nasdaq: SHEN), announced they have reached an agreement to deploy next generation fiber-to-the-home (FTTH) broadband services to Berryville, Virginia. Glo Fiber will bring a future-proof, 100% fiber network to approximately 1,800 homes and businesses in the area. Construction is slated to begin the summer o ...

EDINBURG, Va., Feb. 3, 2025 /PRNewswire/ -- Glo Fiber, powered by Shenandoah Telecommunications Company ("Shentel") (Nasdaq: SHEN), announced that construction of their Glo Fiber 100% fiber optic broadband service is underway in Lancaster, Ohio. Glo Fiber's future-proof, reliable high-speed internet service is already available to more than 4,000 homes and businesses in Lancaster, and construction will expand service to approximately 10,000 additional homes and businesses in the city. Construction began in ...

Michael (Mike) Dion is an FP&A, Corporate Finance, and Small Business expert who spent the last 12 years working in the Fortune 100, building a startup's finance and accounting department, advising small businesses, and guiding non-profit organizations as a board member. He has finance experience across multiple industries, including Telecom, Media and Entertainment, Hospitality, and Construction. He founded F9 Finance, a website that helps Finance professionals accelerate their careers; and simplifies Fina ...

Shenandoah Telecommunications (SHEN) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -85.71%. A quarter ago, it was expected that this telecommunications service provider in parts of Maryland, Pennsylvania, Virginia and West Virginia would post earnings of $0.02 per share when it actually ...

EDINBURG, Va., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (“Shentel” or the “Company”) (Nasdaq: SHEN) announced third quarter 2024 financial and operating results. Third Quarter 2024 Highlights Glo Fiber Expansion Markets1 experienced growth in a number of key metrics: Added approximately 6,000 subscribers in the third quarter of 2024, ending the quarter with over 59,000 subscribers.Passings grew approximately 22,000 to a total of approximately 320,000.Revenue grew $5.8 million ...

EDINBURG, Va., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN) will release its third quarter 2024 financial results before the market opens on Thursday, November 7, 2024, and will host a conference call and simultaneous webcast on the same day at 8:00 a.m. Eastern Time to discuss Shentel’s financial results and business highlights. Date: November 7, 2024  Time: 8:00 AM ET Listen via Internet: https://investor.shentel.com/ For Analysts, please register to dial ...