ATN International(US:ATNI) Globenewswire·2025-03-04 21:45Core Insights - ATN International, Inc. reported a 4% decline in full-year revenue to $729.1 million for 2024, primarily due to the end of subsidy programs and shifts in consumer demand [4][6][23] - The company achieved a 16% increase in net cash flow from operations compared to 2023, with Adjusted EBITDA for the year at $184.1 million, down 3% from the previous year [4][10][18] - The company is focusing on transitioning its domestic business towards sustainable revenue streams, particularly in enterprise and carrier solutions [5][21] Financial Performance - Fourth-quarter revenues were $180.5 million, a 9% decrease from $199.0 million in the same quarter last year [6][7] - Full-year operating income was a loss of $0.8 million, impacted by a $35.3 million goodwill impairment charge [8][9] - Fourth-quarter net income was $3.6 million, or $0.14 per diluted share, compared to a net loss of $(5.8) million, or $(0.46) per share, in the prior year [9][10] Subscriber and Network Growth - The company grew its total high-speed broadband subscribers by 3% and expanded its high-speed broadband homes passed by 16% [7][16] - High-speed broadband customers totaled 140,800, while broadband homes passed reached 800,900, reflecting a 4% increase year-over-year [16][18] Capital Expenditures and Debt - Capital expenditures for 2024 were $110.4 million, down from $163.3 million in 2023 [19][20] - The net debt ratio at year-end 2024 was 2.54x, with expectations to remain flat or slightly improve by the end of 2025 [7][25] 2025 Outlook - The company anticipates revenue for 2025 to be in line with 2024, excluding construction revenue, and expects Adjusted EBITDA to be essentially flat [25][24] - Capital expenditures for 2025 are projected to be between $90 million and $100 million [25][21] - The company expects low single-digit growth in international revenue while domestic revenue may decline in the short term due to the transition from legacy services [23][24]