ATN International, Inc. (ATNI) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

The announced loss of the high cost support subsidy, core telecom revenues grew 3% year over year. The improvement was driven primarily by increases in business, carrier services, and other ancillary revenues, which helped offset the expected subsidy related decline. We delivered operating income of $11,700,000 for the quarter, up $9,000,000 versus last year. This improvement was largely driven by revenue growth, our ongoing cost management efforts, and reduced depreciation and amortization expense. We incurred approximately $2,000,000 of restructuring and reorganization expenses in the first quarter and expect to incur an additional $1,000,000 to $2,000,000 of these costs in the second quarter. As we previously stated, these actions are embedded in our adjusted EBITDA outlook. On the bottom line, we reported a net loss attributable to ATN stockholders of 3,000,000 or $0.29 per share, an improvement of approximately $6,000,000 compared to last year's first quarter loss of $9,000,000 or $0.69 per share. Across both our International and U. S. Segments, we achieved growth in the quarter, bringing total adjusted EBITDA to $49,000,000 for the quarter, up 10% year over year. Total adjusted EBITDA margin improved 200 basis points to 26.7% compared to the prior year period. This improvement reflects our continued focus on cost discipline and margin expansion across the business. Let me turn now to segment performance. In our International segment, we continue to see steady top line growth and margin expansion. Total revenue increased 2% to 96,000,000 and adjusted EBITDA was $34,000,000 up 6% from the same period last year. The revenue increase reflects growth in carrier services and other ancillary revenues, combined with increases in business and postpaid consumer mobility...