ATN International reaffirms 2024 revenue view $750M-$770M, consensus $762.99M

ATN International invites investors to log on as Brad Martin and Carlos Doglioli lead a webcasted presentation and participate in a fireside chat at the Sidoti Spring 2024 Small Cap Virtual Conference today at 9:15am ET. Management will highlight the Company’s progress executing its three-year strategy to invest in growth and drive sustainable shareholder value-creation, as well as provide further details on the Company’s minimal ACP exposure. The Company also will host one-on-one meetings with investors at the conference. Consistent with its previously issued 2024 outlook, ATN continues to expect: Revenue for full year 2024 to be in the range of $750 to $770 million, excluding construction revenue; Adjusted EBITDA for full year 2024 to be in the range of $200 to $208 million; Capital expenditures for full year 2024 to be in the range of $110 to $120 million; and Net Debt Ratio to be in the range of 2.25x to 2.40x exiting 2024. Through year-end 2024, ATN is expected to have invested a total of nearly $450 million upgrading and expanding its network, in line with its three-year strategic investment growth plan, which is set to conclude at the end of 2024. Since launching its strategy at the start of 2022, ATN has expanded its fiber network reach by nearly 30% through the end of 2023. Over the same period, ATN has increased high-speed broadband subscribers by 39%, and nearly doubled homes passed by high-speed broadband. ATN has limited exposure to the Affordable Connectivity Program and has mitigation measures in place to offset any potential impacts to the Company. In total, ATN has approximately 15,000 subscribers that participate in the ACP, many of which were existing subscribers. ATN is actively working with customers to mitigate the impact of any potential disruptions to the ACP. Discontinuation of the ACP is not expected to impact the Company’s 2024 outlook.