Earnings ·
ATN reports Q3 operating income up 32% to $12.9M and updates full-year Adjusted EBITDA outlook
ATNIATN International, Inc.
ATN International reported third-quarter revenue of $183.2 million, flat year-over-year, while operating income rose 32% to $12.9 million due to lower depreciation and asset disposition losses. Diluted earnings per share increased to $1.09 from $0.18, and the net leverage ratio improved to 0.94x. The company updated its full-year Adjusted EBITDA guidance to the high end of or modestly above the previous range of $183 million to $193 million. ATN International is a provider of digital infrastructure and communications services operating in the United States and internationally.