ATN Reports Third Quarter 2025 Results

Core Insights - ATN International, Inc. reported steady financial performance in Q3 2025, with revenues of $183.2 million, a 3% increase from $178.5 million in Q3 2024, driven by growth in fixed and carrier services despite a decline in mobility revenues [4][6][9] - The company achieved an operating income of $9.8 million, a significant recovery from a loss of $(38.4) million in the previous year, aided by cost containment measures and a reduction in depreciation and amortization expenses [5][6] - Adjusted EBITDA rose by 9% to $49.9 million compared to $45.7 million in Q3 2024, reflecting improved operational efficiency and margin expansion [6][9] Financial Performance - Consolidated revenues for Q3 2025 were $183.2 million, up 3% from $178.5 million in Q3 2024, primarily due to growth in fixed and carrier services [4][9] - Operating income improved to $9.8 million from a loss of $(38.4) million in the prior year, which included a $35.3 million goodwill impairment charge [5][9] - Net income attributable to ATN stockholders 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 Q3 2024 [6][9] Segment Performance - The company operates in three segments: International Telecom, US Telecom, and Corporate and Other, with total revenue for Q3 2025 reported at $183.2 million [7][36] - International Telecom revenue was $95.1 million, while US Telecom revenue was $88.0 million, indicating a diversified revenue stream [10][36] - Mobility revenues showed a slight decline, while fixed and carrier services contributed positively to overall revenue growth [4][9] Operational Metrics - High-speed broadband homes passed increased by 8% year-over-year, with total high-speed subscribers growing by 1% [9][14] - The company reported a net cash provided by operating activities of $97.7 million for the year-to-date period, slightly up from $97.4 million in the prior year [17][34] - Capital expenditures for the year-to-date period were $60.9 million, down from $85.7 million in the previous year [17][34] Business Outlook - The company is refining its full-year 2025 Adjusted EBITDA expectations while maintaining its outlook for revenue, capital expenditures, and Net Debt Ratio [20][21] - Revenue, excluding construction revenue, is expected to align with last year's result of $725 million, with Adjusted EBITDA anticipated to be flat to slightly above last year's result of $184 million [28][21] - Capital expenditures are projected to be in the range of $90 to $100 million, down from $110.4 million in 2024, with a Net Debt Ratio expected to remain flat at approximately 2.54x [28][21]