ATN International Q3 operating income rises as revenue holds steady

Overview

• Digital infrastructure provider's Q3 revenue was flat yr/yr

• Q3 operating income rose 32% due to lower depreciation and asset disposition losses

• Adjusted EBITDA remained steady despite impact from US Tower Portfolio Sale

Outlook

• Company expects 2026 Adjusted EBITDA at high end or modestly above prior $183-193 mln range

• ATN continues to expect 2026 capital expenditures of $105 mln to $115 mln

Result Drivers

• INTERNATIONAL SEGMENT - Co said growth in ancillary services, mobility, and carrier services offset loss of government subsidy, supporting International segment results

• LOWER DEPRECIATION - Co attributed higher operating income to reduced depreciation, amortization, and asset disposition losses

Company press release:

Key Details

Analyst Coverage

• Wall Street's median 12-month price target for ATN International Inc is $69.00, about 170.6% above its November 3 closing price of $25.50

• The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 27 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)