Group 1 - TDS reported a quarterly loss of $0.09 per share, missing the Zacks Consensus Estimate of a loss of $0.02, and compared to earnings of $0.10 per share a year ago, representing an earnings surprise of -350% [1] - The company posted revenues of $1.15 billion for the quarter ended March 2025, missing the Zacks Consensus Estimate by 3.24%, and down from $1.26 billion year-over-year [2] - TDS shares have increased by approximately 10.4% since the beginning of the year, contrasting with the S&P 500's decline of -4.7% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is -$0.01 on revenues of $1.18 billion, and for the current fiscal year, it is -$0.35 on revenues of $4.76 billion [7] - The Zacks Industry Rank for Wireline - National is in the top 38% of over 250 Zacks industries, indicating that the industry outlook can significantly impact stock performance [8]

Financial Performance - Total operating revenues decreased by 9% to $1,154 million in Q1 2025 compared to $1,262 million in Q1 2024 [25]. - UScellular's operating revenues fell by 6% to $891 million, while TDS Telecom's revenues decreased by 3% to $257 million [25]. - Net income attributable to TDS shareholders dropped by 74% to $7 million, with a net loss attributable to TDS common shareholders of $10 million [25]. - Adjusted EBITDA decreased by 9% to $333 million, down from $366 million in the previous year [25]. - Total operating revenues for TDS Telecom decreased by 3% to $257 million for the three months ended March 31, 2025, compared to $266 million in the same period last year [78]. - Net income for TDS Telecom dropped by 85% to $4 million for the three months ended March 31, 2025, down from $24 million in the prior year [78]. - TDS reported a net income of $12 million for Q1 2025, a decrease of 68.4% compared to $38 million in Q1 2024 [136]. - UScellular's net income for Q1 2025 was $20 million, down 16.7% from $24 million in Q1 2024 [137]. - TDS's adjusted EBITDA for Q1 2025 was $333 million, a decline of 9.0% from $366 million in Q1 2024 [136]. - TDS reported a net loss of $10 million for the three months ended March 31, 2025, compared to a net income of $12 million for the same period in 2024 [198]. Capital Expenditures - Capital expenditures significantly reduced by 49% to $112 million compared to $219 million in Q1 2024 [25]. - Capital expenditures for TDS Telecom decreased by 32% to $59 million for the three months ended March 31, 2025, compared to $87 million in the same period last year [78]. - Capital expenditures for UScellular decreased by $78 million or 60% year-over-year, totaling $53 million for the three months ended March 31, 2025 [110][111]. - TDS expects full-year capital expenditures for 2025 to be between $375 million and $425 million, primarily financed through operating cash flows and existing cash balances [112]. Strategic Transactions - The company announced a strategic agreement for UScellular to sell its wireless operations and select spectrum assets to T-Mobile for a total purchase price of $4,400 million, expected to close in mid-2025 [15]. - UScellular's book value of wireless spectrum licenses to be sold in the Verizon transaction is $586 million, with total proceeds expected to be $1,000 million [17]. - The strategic review process for UScellular is ongoing, with a focus on closing multiple transactions signed during 2024 [20]. - TDS is exploring strategic alternatives for UScellular while seeking to monetize spectrum assets not subject to existing agreements [20]. - UScellular is actively seeking to monetize spectrum assets not subject to existing purchase agreements [202]. Revenue and Customer Metrics - Average Revenue Per User (ARPU) for postpaid increased slightly to $52.06, while Average Revenue Per Account (ARPA) remained stable at $132.25 [44]. - Total gross additions for postpaid handsets were 68,000, an 8% increase from 63,000 in Q1 2024 [42]. - The churn rate for postpaid handsets remained stable at 1.03% [42]. - Total service addresses for TDS Telecom increased by 6% to 1.8 million as of March 31, 2025, with 44% served by fiber [70]. - Total residential connections decreased by 3% to 931,400, primarily due to declines in legacy voice and video services [71]. Debt and Financing - TDS has unsecured term loan agreements with a maximum borrowing capacity of $875 million, with outstanding borrowings of $783 million as of March 31, 2025 [100]. - UScellular has fully utilized its $800 million unsecured term loan agreements, with outstanding borrowings of $718 million as of March 31, 2025 [101]. - TDS's long-term debt obligations total $4,157 million as of March 31, 2025, with a weighted average interest rate of 6.6% [153]. - Approximately 50% of TDS' long-term debt is in fixed-rate senior notes, while the other 50% is variable-rate debt, exposing the company to interest rate fluctuations [152]. Cash Flow and Liquidity - TDS's net cash provided by operating activities was $186 million for the three months ended March 31, 2025, compared to $224 million in 2024 [122][125]. - TDS's cash flows from operating activities decreased to $186 million in Q1 2025 from $224 million in Q1 2024 [139]. - The company experienced a net cash outflow of $76 million from financing activities in Q1 2025, compared to a net inflow of $30 million in Q1 2024 [159]. - TDS's cash, cash equivalents, and restricted cash decreased to $371 million at the end of Q1 2025 from $384 million at the beginning of the period [159]. Risks and Challenges - TDS continues to monitor potential tariff increases on imported goods, which may impact operational costs and financial results [22]. - The company faces risks related to cyber-attacks and disruptions in credit markets, which could adversely affect its financial condition and operations [150]. Shareholder Returns - TDS paid quarterly dividends of $0.04 per share in Q1 2025, down from $0.19 in Q1 2024 [118]. - TDS reported a net income attributable to shareholders of $2,023 million for the year ended December 31, 2023, compared to $1,074 million in the previous year, reflecting a significant increase [171]. - The total equity for TDS shareholders as of December 31, 2023, was $5,996 million, up from $5,202 million in the prior year, indicating a growth of approximately 15.2% [171].

Financial Performance - TDS reported total operating revenues of $1,154 million for Q1 2025, a decrease of 8.6% from $1,262 million in Q1 2024[4] - Net income attributable to TDS common shareholders was $(10) million, resulting in a diluted loss per share of $(0.09), compared to a net income of $12 million and earnings per share of $0.10 in the same period last year[4] - UScellular reported operating revenues of $891 million for Q1 2025, a decrease of 6% compared to $950 million in Q1 2024[28] - TDS Telecom's operating revenues were $257 million in Q1 2025, down 3% from $266 million in Q1 2024[28] - Net income for the three months ended March 31, 2025, was $12 million, a decrease of 68.4% compared to $38 million in the same period of 2024[31] - Total operating revenues for UScellular decreased by 6% to $891 million in Q1 2025, down from $950 million in Q1 2024[39] - Adjusted EBITDA for UScellular was $254 million, reflecting a 7% decline from $272 million in the previous year[39] - TDS Telecom's net income for Q1 2025 was $4 million, significantly down from $24 million in Q1 2024[50] - UScellular's net income for Q1 2025 was $20 million, a decrease from $24 million in Q1 2024[48] Customer Metrics - TDS Telecom added 14,000 marketable fiber service addresses in Q1 2025, contributing to ongoing fiber deployment efforts[5] - The company reported 2,800 residential broadband net additions in Q1 2025, with 8,300 coming from fiber markets[10] - Total residential connections decreased to 931,400 in Q1 2025 from 956,100 in Q1 2024, reflecting a decline in broadband and voice connections[25] - Total broadband connections increased slightly to 555,800 in Q1 2025, compared to 547,900 in Q1 2024[25] - The churn rate for residential fiber connections was 0.9% in Q1 2025, an improvement from 1.0% in Q4 2024[25] - Average Revenue Per User (ARPU) for postpaid customers increased to $52.06 in Q1 2025, up from $51.96 in Q1 2024[23] Capital Expenditures and Cash Flow - Capital expenditures for UScellular were $53 million in Q1 2025, significantly lower than $162 million in Q4 2024[25] - Capital expenditures for UScellular dropped significantly by 60% to $53 million in Q1 2025, compared to $131 million in Q1 2024[39] - TDS consolidated free cash flow for Q1 2025 was $47 million, compared to a negative $20 million in Q1 2024[45] - UScellular's free cash flow increased to $79 million in Q1 2025 from $61 million in Q1 2024[45] - TDS consolidated cash flows from operating activities were $186 million in Q1 2025, down from $224 million in Q1 2024[45] Strategic Initiatives and Changes - TDS is undergoing foundational changes in its remaining businesses, focusing on enhancing customer experience and improving margins over time[5] - UScellular is not providing financial guidance for 2025 due to the pending transaction with T-Mobile[9] - The expected closing of the sale of UScellular's wireless operations to T-Mobile is anticipated in mid-2025, pending regulatory approval[6] - TDS is focusing on strategic alternatives, with expenses related to this review amounting to $10 million for UScellular in Q1 2025, up from $7 million in Q1 2024[48] Assets and Liabilities - Total assets as of March 31, 2025, were $13,536 million, a decrease from $13,682 million at the end of 2024[33] - Total current liabilities decreased to $960 million as of March 31, 2025, from $1,090 million at the end of 2024[35] - TDS shareholders' equity decreased to $5,078 million as of March 31, 2025, from $5,091 million at the end of 2024[35]

Core Insights - TDS reported total operating revenues of $1,154 million for Q1 2025, a decrease of 9% from $1,262 million in Q1 2024 [1][27] - The net loss attributable to TDS common shareholders was $(10) million, translating to a diluted loss per share of $(0.09), compared to a net income of $12 million and diluted earnings of $0.10 in the same period last year [1][27] Group 1: Financial Performance - UScellular's operating revenues decreased by 6% to $891 million in Q1 2025 from $950 million in Q1 2024 [27] - TDS Telecom's revenues also fell by 3% to $257 million from $266 million year-over-year [27] - Total operating expenses for TDS decreased by 6% to $1,119 million from $1,195 million in the previous year [27] Group 2: Strategic Developments - TDS is in the process of selling its wireless operations to T-Mobile, with the transaction expected to close in mid-2025, pending regulatory approval [3] - TDS Telecom is focusing on fiber deployment, adding 14,000 marketable fiber service addresses in Q1 2025 [2] - The tower business is experiencing growth, with third-party tower revenues increasing by 6% in the quarter [2] Group 3: Operational Metrics - Postpaid handset gross additions increased, while net losses improved, indicating a positive trend in customer retention [8] - TDS Telecom added 2,800 residential broadband net additions, with a total of 555,800 broadband connections as of March 31, 2025 [23] - The average revenue per user (ARPU) for postpaid customers was $52.06, showing a slight increase from $51.73 in the previous quarter [16]

Company Overview - Telephone and Data Systems, Inc. (TDS) provides wireless, broadband, video, and voice services to approximately 5.5 million connections nationwide through its businesses, UScellular and TDS Telecom [2] - TDS was founded in 1969 and is headquartered in Chicago, employing approximately 7,900 associates as of December 31, 2024 [2] Upcoming Financial Results - TDS and UScellular will webcast their first quarter operating results conference call on May 2, 2025, at 9:00 a.m. Central Time [1] - The companies will release their financial results on the same day, May 2, 2025 [1] - The webcast will be available both live and on-demand, and it is recommended to register at least 15 minutes before the presentation [1]

SAN DIEGO, March 25, 2025 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announced an update in the lawsuit that is pending for certain investors in NYSE: TDS shares. Investors who purchased shares of Telephone and Data Systems, Inc. prior to May 2022 and continue to hold any of those NYSE: TDS shares also have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. On May 2, 2023, a NYSE: TDS investor filed a lawsuit against Tele ...

Core Insights - US Signal has been recognized on the 2025 Tech Elite 250 list by CRN, marking the second consecutive year of this honor [1][2] - The company experienced significant growth in 2024, attributed to investments in technical capabilities and acquisitions [3] Company Achievements - US Signal made substantial investments in 2024, including the purchase of data centers in Indianapolis and Detroit, and the acquisition of OneNeck IT Solutions LLC and OneNeck Data Center Holdings LLC [3] - The launch of the OpenCloud product has positioned US Signal as a revolutionary player in the cloud hosting market [3] - Additional recent honors include recognition on CRN's 2024 Cloud 100 List and TMCNet's Zero Trust Security Excellence Awards [4] Certifications and Partnerships - US Signal has received certifications from major technology vendors such as Acronis, Cisco, Microsoft, and VMware, among others [5] - The company has expanded its technology partnerships in 2024, welcoming new partners like Insight and Cato Networks [5][6] - These certifications and partnerships are crucial for maintaining high service standards in a rapidly evolving digital landscape [6] Company Overview - Established in 2001, US Signal is a leading digital infrastructure provider in the Midwest, specializing in managed and professional services [7] - The company operates an extensive fiber network and offers services including network connectivity, cloud hosting, and disaster recovery solutions [7]

Core Insights - The article discusses the impact of supply chain disruptions on the gold market, highlighting the challenges faced by sellers and the overall market dynamics [1]. Group 1: Supply Chain Impact - Supply chain disruptions have significantly affected gold sellers, leading to a notable decline in sales [1]. - The article indicates a 0% change in certain metrics related to gold supply, suggesting stagnation in the market [1]. Group 2: Market Dynamics - The gold market is currently experiencing difficulties due to supply chain issues, which may influence pricing and availability [1].

Core Insights - Telephone and Data Systems, Inc. (TDS) reported strong fourth-quarter 2024 results, with both revenue and net income exceeding Zacks Consensus Estimates despite a year-over-year revenue decline due to softness in the U.S. Cellular segment [1][5]. Financial Performance - TDS generated net sales of $1.24 billion in the fourth quarter, down from $1.31 billion in the same quarter last year, but beat the Zacks Consensus Estimate by $14 million [5]. - The company reported a GAAP net loss of $11 million or 10 cents per share, significantly improved from a net loss of $523 million or $4.64 per share in the year-ago quarter [3][4]. - For the full year 2024, TDS reported revenues of $4.96 billion, down from $5.2 billion in 2023 [5]. Segment Performance - U.S. Cellular revenues were $970 million, a 3% decline year-over-year, impacted by reduced postpaid retail and prepaid connections, although growth in fixed wireless customers and tower revenues provided some offset [6]. - TDS Telecom contributed $264 million to revenues, slightly up from $261 million in the prior-year quarter, but fell short of the estimate of $266.9 million [8]. Cost Management - The company focused on cost optimization, resulting in lower operating expenses, which contributed to a narrower loss during the quarter [3][10]. - Total cash expenses were $811 million, marginally down from $812 million in the prior-year quarter [6]. Customer Metrics - Total residential connections decreased to 935,600 from 952,900 in the year-ago quarter, while residential revenues per connection increased to $64.72 from $62.74 [8]. - The company saw an increase in customers opting for higher-speed broadband, with 22% choosing 1 Gigabit+ speed compared to 16% in the prior-year quarter [9]. Cash Flow and Outlook - TDS generated $1.145 billion of net cash from operating activities in 2024, slightly up from $1.142 billion in the prior-year quarter [12]. - For 2025, management expects total operating revenues at TDS Telecom to be in the range of $1.03-$1.07 billion, with adjusted EBITDA estimated between $320-$360 million [13].

Financial Data and Key Metrics Changes - In 2024, adjusted EBITDA increased by 7% on a consolidated basis, while free cash flow rose to $280 million, an increase of $88 million over 2023, attributed to profitability improvements and reduced capital expenditures [10][32][37] - Capital expenditures decreased by 24% for the full year, contributing to the increase in free cash flow [10][11] - Service revenues for the fourth quarter declined by 2%, primarily due to a decrease in the average retail subscriber base [35] Business Line Data and Key Metrics Changes - U.S. Cellular improved its subscriber results, with postpaid handset gross additions increasing by 16% year-over-year, although net retail subscriber adds remained negative [26][34] - TDS Telecom increased residential revenues by 6% in 2024, driven by growth in broadband connections and average revenue per connection [49][55] - TDS Telecom's adjusted EBITDA grew by 23% year-over-year, reflecting effective cost management and revenue growth [50][56] Market Data and Key Metrics Changes - U.S. Cellular's fixed wireless service surpassed 150,000 customers, indicating growth in this segment [26] - Data usage by customers increased by 37% year-over-year, highlighting a growing demand for data services [28] - TDS Telecom's fiber service addresses grew by 6% year-over-year, with a significant increase in take rates for higher broadband speeds [53][55] Company Strategy and Development Direction - The company aims to optimize its portfolio for long-term success, focusing on growth areas and divesting non-core assets [9] - U.S. Cellular plans to close the T-Mobile transaction, which is seen as a transformative step, and will focus on strengthening its remaining assets, particularly in the tower business [14][15] - TDS Telecom is committed to expanding its fiber strategy, targeting 150,000 new fiber service addresses in 2025 and increasing its marketable fiber service addresses to 1.8 million [61][68] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategic direction, emphasizing the importance of closing the T-Mobile transaction and optimizing capital structure [14][15][21] - The competitive environment remains challenging, but management believes that ongoing investments in customer retention and network enhancements will drive future growth [29][32] - The company is focused on maintaining a strong balance sheet and returning capital to shareholders post-transaction [20][32] Other Important Information - The company has made significant investments in 5G deployment and fiber expansion, with a nearly 30% increase in fiber footprint over the past three years [10][48] - U.S. Cellular's equity method investments generated $169 million in cash distributions in 2024, contributing to overall financial health [24] Q&A Session Summary Question: Why was now the right time for the leadership change? - The board felt that the current transformative time, with significant transactions underway, warranted a change in leadership to guide the company through this phase [79] Question: Will there be changes in tower reporting? - The company plans to provide AFFO reporting post-T-Mobile transaction close, but structuring the tower business as a REIT is not currently on the agenda [83][85] Question: What is the long-term vision for TDS? - The focus is on executing 2025 priorities to position the company for long-term growth in both the fiber and tower businesses [115] Question: How will capital allocation priorities be determined post-transaction? - The company will evaluate capital allocation based on cash flows from the tower business and wireless partnerships, with potential for dividends in the future [124] Question: How is TDS Telecom addressing net additions and conversion rates? - The company is enhancing its sales and marketing efforts, particularly through door-to-door sales teams, to improve conversion rates in fiber markets [129]