What is the revenue and EPS growth rate for ATN International year over year?

What is the market's earnings forecast for ATN International next quarter?

What does ATN International do and what are its main business segments?

What were the key takeaways from ATN International's earnings call?

Did ATN International beat or miss consensus estimates last quarter?

What factors drove the changes in ATN International's revenue and profit?

What guidance did ATN International's management provide for the next earnings period?

What is ATN International's latest dividend and current dividend yield?

- **Revenue and Profit Growth**: Q3 revenue rose 3% YoY to $183.2 million, with adjusted EBITDA up 9% to $49.9 million. U.S. segment EBITDA surged 19.6% YoY, driven by carrier services and enterprise sales.
- **Segment Strengths**: International segment saw 3% EBITDA growth, while U.S. segment benefited from Alaska enterprise revenue gains and fixed wireless wins.
- **Strategic Momentum**: Continued focus on fiber expansion, BEAD funding, and operational efficiency. Net debt ratio improved to 2.47x, with plans to further reduce leverage.

**【Management Opening Remarks】**
- Michele Satrowsky highlighted the release of Q3 2025 results and reminded investors of the forward-looking nature of the discussion. She emphasized the availability of non-GAAP financial measures and reconciliations on the company’s IR website.

**【CEO Summary Section】**
- **Revenue Growth**: Total revenue increased 3% YoY to $183.2 million, driven by growth in fixed services, carrier services, and construction revenue. Adjusted EBITDA rose 9% to $49.9 million.
- **Segment Performance**: 
  - **International Segment**: Revenues grew 1% to $95 million, with EBITDA up 3% to $33.3 million. Improvements in network quality and data capabilities led to higher ARPU and customer retention.
  - **U.S. Segment**: Revenues (excluding construction) increased 3.5% YoY to $87 million, with EBITDA up 19.6% to $21.2 million, driven by carrier services and enterprise sales.
- **Strategic Initiatives**: Continued focus on fiber expansion, BEAD funding opportunities, and operational efficiency. Alaska enterprise revenue growth and fixed wireless wins reflect improved execution.

**【CFO Financial Commentary】**
- **Financial Highlights**: 
  - Operating income improved to $9.8 million (vs. -$38.4 million YoY), driven by cost reductions and margin expansion.
  - Cash position strengthened to $119.6 million, with net debt ratio improving to 2.47x.
  - Capital expenditures (net of reimbursements) for 9M 2025 were $60.9 million, down from $85.7 million YoY.
- **Guidance Update**: 
  - Full-year 2025 revenue (excluding construction) expected to match 2024’s $725 million.
  - Adjusted EBITDA expected to be flat to slightly above 2024’s $184 million.
  - Net debt ratio to remain around 2.54x, with potential for slight improvement.

**【Q&A Key Highlights】**
- **Government Shutdown Impact**: No immediate impact on subsidy payments or rural healthcare programs; permitting delays may affect 2026 projects.
- **Alaska Initiatives**: New leadership and partnerships with LEO operators are driving enterprise sales and fixed wireless wins.
- **Cash Flow Priorities**: Maintain financial flexibility, reduce leverage, and capitalize on reimbursable programs for infrastructure projects.

ATN International, Inc. (ATNI) Q3 2025 Earnings Call Transcript

- **Revenue Transition**: 1% YoY decline driven by subsidy phaseouts, but cash flow improving (+2% to $60M) and dividend up 15%.
- **Broadband Growth**: 8% homes passed expansion, 10% U.S. consumer broadband sub growth, $300M government-backed projects.
- **Financial Stability**: Flat 2025 guidance ($725M revenue, $184M EBITDA), disciplined capex ($90-100M) and net debt ratio stability.
- **Strategic Momentum**: Mobile data usage +25%, carrier managed services growth, and rural healthcare sales execution improving.
- **Policy Catalysts**: BBB bill permitting expediting U.S. builds, no near-term labor/material constraints despite industry build surge.

**【CEO Summary Section】**
- **Revenue Performance**: Q2 revenue declined 1% YoY due to subsidy program wind-downs, with adjusted EBITDA down 6% but net cash from operations up 2% to $60 million.
- **Dividend Increase**: Board approved a 15% quarterly dividend hike to $0.275 per share, reflecting cash flow confidence.
- **Broadband Expansion**: Expanded broadband homes passed by 8% and high-speed subscribers grew 1% YoY, with U.S. consumer broadband subscribers up 10%.
- **International Segment**: Adjusted EBITDA flat YoY, postpaid mobile subs +4%, data plan usage +25%, and mobile churn down 5% for two consecutive quarters.
- **U.S. Segment**: Transitioning away from legacy services, carrier managed services growing, and rural healthcare sales improving. Over $300M in broadband projects (half to complete in 2025) supported by government funding.

**【CFO Financial Commentary】**
- **Q2 Financials**: Total revenue $181.3M (-1% YoY), net loss $7M, adjusted EBITDA $55.8M (-6% YoY). Operating expenses reduced via cost control, offset by $4.9M restructuring charges.
- **Segment Breakdown**: 
  - **International**: Revenue flat at $95M, EBITDA $33.3M (flat YoY) with $1.4M restructuring charges.
  - **Domestic**: Revenue $86.4M (-1.7% YoY), EBITDA $18.3M (-16.7% YoY) due to subsidy phaseouts.
- **Cash Flow**: $60M net cash from operations (first half), $42M capex (net of $45.9M reimbursables), $7.3M dividends returned.
- **2025 Guidance**: Flat revenue ($725M ex-construction), flat adjusted EBITDA ($184M), capex $90-100M, net debt ratio stable.

**【Q&A Key Highlights】**
- **BBB Bill Impact**: No short-term tax impact, but expedited permitting could accelerate U.S. builds on Bureau of Land Management land.
- **Fiber Competition**: Adequate labor/materials supply currently, no shortages despite industry-wide build acceleration.
- **REIT Structure**: Not explored; asset-backed securitization more likely for telecom infrastructure monetization.
- **U.S. Growth Timeline**: Expect second-half improvement with federal funding cycles, carrier demand pipeline building.
- **International Competition**: Prepaid market still competitive, but postpaid subs and data consumption trends positive.


ATN International, Inc. (ATNI) Q2 2025 Earnings Call Transcript

- **Revenue decline but cash strong**: Q1 revenue down 4% YoY ($179.3M), but cash from ops up 55% to $35.9M. 
- **International outperformance**: Intl EBITDA +11% YoY to $32.4M, offsetting U.S. segment decline. 
- **$370M gov projects on track**: Half of broadband builds to complete in 2025, with full monetization in 2026+. 
- **Tariff risk contained**: 50%+ construction materials sourced domestically; intl markets (60% rev) exempt. 
- **2025 guidance reaffirmed**: Flat revenue/EBITDA, $90-100M CapEx, 2.5x net debt.

**【CEO Summary Section】**
- Q1 2025 revenue declined 4% YoY to $179.3 million, driven by the wind-down of U.S. government subsidy programs (ECF and ACP). 
- Adjusted EBITDA grew 2% YoY to $44.3 million, with International segment EBITDA up 11% YoY to $32.4 million. 
- U.S. segment revenue fell 9.5% YoY to $84.8 million, but cash from operations increased 55% to $35.9 million. 
- Expanded high-speed broadband homes passed by 11% YoY to 427,000, with subscriber base growing 2% YoY. 
- Secured $370 million in government-funded broadband projects, half expected to complete in 2025. 
- Reaffirmed 2025 guidance: flat revenue (ex-construction), flat adjusted EBITDA, $90-100M net CapEx. 

**【CFO Financial Commentary】**
- GAAP net loss of $8.9 million (-$0.69 EPS) vs. $6.3 million (-$0.50 EPS) prior year. 
- CapEx totaled $20.8M (net of $22.4M reimbursable), down from $36M prior year. 
- Ended Q1 with $97.3M cash, $562.4M debt, and 2.52x net debt ratio. 
- 2025 outlook: 50%+ of full-year results expected in H2, with reorg expenses in Q2. 

**【Q&A Key Takeaways】**
- Trade tariffs: 50%+ of network construction sourced domestically; international markets (60% revenue) not immediately impacted. 
- BEAD program: $4B potential in 6 states, but delays expected due to NTIA memo. 
- Fiber monetization: 2025 projects to begin generating revenue mid-2025, with full monetization in 2026+.
- Leadership changes: New U.S. market leaders driving carrier demand growth and USAC program wins.

ATN International (ATNI)-1 May 25-2025 Q1 Earnings call transcript

- **Fiber Expansion Success**: +32% fiber route miles, 44% high-speed customers growth, $370M grants for 2025+ monetization. 
- **Financial Resilience**: 2024 operating cash flow +16% to $129M, 2025 CapEx cut 30% YoY. 
- **Strategic Shifts**: U.S. exiting legacy services (-9% Q4 rev), International EBITDA +10% YoY. 
- **Shareholder Focus**: Targeting 2x leverage, potential returns via dividends/buybacks post-2025. 
- **Risk Management**: Caribbean prepaid decline offset by +26% data plans, U.S. copper shutdown by 2030.

**【CEO Opening Remarks】**
- **Strategic Execution in 2024**: Expanded fiber network by 32% in route miles, doubled high-speed homes passed, and increased high-speed customers by 44%. 
- **U.S. Market Transition**: Shifted from legacy consumer services to enterprise and carrier-based fiber solutions, expecting short-term revenue decline but long-term margin improvement. 
- **International Growth**: International segment EBITDA rose 10% YoY, driven by 21% growth in business mobility revenue. 
- **Government Funding**: Secured $370M in grants for fiber expansion, positioning 2025 for monetization in 2026+.

**【CFO Financial Highlights】**
- **Q4 2024 Results**: Total revenue $180.5M (-9% YoY), net income $3.6M ($0.14 EPS). Full year 2024 revenue $729M (-4% YoY), adjusted EBITDA $184M (-3% YoY). 
- **Segment Performance**: International EBITDA +4.8% QoQ, Domestic EBITDA -29% YoY due to legacy service exits. 
- **Cash Flow & Capital**: Operating cash flow +16% YoY to $129.2M. 2025 CapEx $90-100M (net of $108.5M reimbursable in 2024). 
- **Leverage**: Net debt ratio 2.54x, targeting 2x over medium-term.

**【Q&A Key Takeaways】**
- **CapEx Strategy**: 2025 CapEx 10-15% of revenue, down 30% YoY, driven by grant-funded projects. 
- **Enterprise Growth**: Q4 2024 business customers +2.7% QoQ, enterprise services pipeline strong in U.S. 
- **Shareholder Returns**: Board may consider dividends/buybacks as cash flow improves post-2025. 
- **Copper Shutdown**: 1/3 of Guyana copper exchanges to close by end-2025, full U.S. shutdown by 2030. 
- **Competition Impact**: Caribbean prepaid decline due to 5G entrant, but data plans +26% YoY offset losses.

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