ATN International(ATNI) - 2025 Q3 - Quarterly Results

Financial Performance - Third quarter revenues increased 3% to $183.2 million compared to $178.5 million in the same quarter last year[9] - Adjusted EBITDA for the third quarter rose 9% to $49.9 million, up from $45.7 million year-over-year[12] - Net income for the third quarter was $4.3 million, or $0.18 per diluted share, compared to a net loss of $(32.7) million, or $(2.26) per diluted share, in the prior year[11] - Total revenue for the three months ended September 30, 2025, was $183.165 million, compared to $178.451 million for the same period in 2024, representing an increase of 3.97%[43] - Net income attributable to ATN International, Inc. stockholders for the three months ended September 30, 2025, was $4.343 million, compared to a net loss of $32.691 million for the same period in 2024[43] - Operating income for the three months ended September 30, 2025, was $9.830 million, compared to an operating loss of $38.358 million for the same period in 2024[43] - For the nine months ended September 30, 2025, the net loss was $16,715,000, a significant improvement from a net loss of $36,059,000 in the same period of 2024, representing a reduction of approximately 53%[45] - Total revenue for the three months ended September 30, 2025, was $183,165,000, compared to $178,451,000 for the same period in 2024, indicating a year-over-year increase of about 2%[47][49] - The total operating income for the three months ended September 30, 2025, was $9,830,000, a recovery from an operating loss of $38,358,000 in the same period of 2024[47][49] - Adjusted EBITDA for the nine months ended September 30, 2025, was $140,067,000, up from $45,670,000 in the same period of 2024, reflecting a substantial increase of approximately 206%[51][52] - Adjusted EBITDA for the nine months ended September 30, 2025, was $140,067 million, compared to $137,861 million for the same period in 2024, indicating a stable performance[57] Capital Expenditures and Debt Management - Capital expenditures for the year-to-date period were $60.9 million, down from $85.7 million in the prior-year period[23] - Capital expenditures are expected to be in the range of $90 to $100 million, down from $110.4 million in 2024[30] - The company's Net Debt Ratio was 2.47x as of September 30, 2025, with expectations to remain flat at approximately 2.54x for the full year 2024[22] - Net Debt Ratio is expected to remain flat with full year 2024 at approximately 2.54x, with potential for slight improvement exiting 2025[30] - The total debt, including the current portion, was $579,607,000 as of September 30, 2025, compared to $557,356,000 at the end of September 2024, reflecting an increase of approximately 4%[47][49] - The net debt ratio improved to 2.47 as of September 30, 2025, down from 2.54 at the end of 2024, reflecting better debt management[61] Cash and Liquidity - Cash and cash equivalents increased to $106.163 million as of September 30, 2025, from $73.393 million as of December 31, 2024[41] - Cash, cash equivalents, and restricted cash at the end of the period on September 30, 2025, totaled $119,640,000, compared to $89,243,000 at the end of the same period in 2024, marking an increase of about 34%[47][52] - The company reported net cash provided by operating activities of $97,689,000 for the nine months ended September 30, 2025, slightly up from $97,426,000 in the same period of 2024[45] - Total current liabilities as of September 30, 2025, were $259,735,000, compared to $267,314,000 at the end of September 2024, showing a decrease of about 3%[47][49] - Total assets decreased to $1.698681 billion as of September 30, 2025, from $1.727103 billion as of December 31, 2024[41] - Total liabilities decreased slightly to $1.050747 billion as of September 30, 2025, from $1.055349 billion as of December 31, 2024[41] Strategic Focus and Future Outlook - The company is focused on disciplined execution of its strategic roadmap, with revenue growth in domestic operations driven by carrier-managed services[27] - The company plans to continue focusing on market expansion and new product development to drive future growth[46] - The company incurred total operating expenses of $557,994 million, with depreciation and amortization expenses accounting for $107,196 million[53] - Stock-based compensation expenses totaled $6,521 million, indicating ongoing investment in employee incentives[58] - The company is focusing on restructuring and reorganization expenses, which amounted to $8,727 million for the nine months ended September 30, 2025, to enhance operational efficiency[57] Segment Performance - High-speed broadband homes passed increased by 8% to 432,500, while total high-speed subscribers grew by 1% to 142,500[20] - Total revenue for the company reached $548,527 million, with a significant contribution from Communications Services at $533,055 million, representing a year-over-year increase[53] - The international telecom segment generated an operating income of $18,091 million, showcasing strong performance in this area[55] - The company reported a net loss attributable to non-controlling interests of $6,059 million, highlighting challenges in certain segments[53]