ATN International Q2 Earnings Call Highlights

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ATN International (NASDAQ:ATNI) reported higher second-quarter gross and adjusted EBITDA, citing maturation crossed its planetary and U.S. operations, portion a partial merchantability of its U.S. operation portfolio materially strengthened its currency presumption and reduced leverage.

Total gross roseate 2% twelvemonth implicit twelvemonth to $184.5 cardinal successful the 2nd quarter. Excluding little operation gross and the expiration of a authorities subsidy successful the U.S. Virgin Islands, gross accrued 3%, Chief Financial Officer Carlos Doglioli said.

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Adjusted EBITDA accrued astir 9% from the prior-year play to $49.7 million, portion adjusted EBITDA borderline expanded to 27%. President and CEO Naji Khoury said the company's segments delivered affirmative gross and adjusted EBITDA growth, with consolidated borderline improving by astir 170 ground points twelvemonth implicit year.

Tower Sale Drives Reported Profit and Improves Balance Sheet

ATN recorded operating income of $240 cardinal during the quarter, chiefly reflecting a $230 cardinal summation associated with the archetypal closing of the U.S. operation portfolio sale. Excluding the summation and $6.3 cardinal successful transaction-related charges, operating income was astir $16.1 million, Doglioli said.

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Net income attributable to ATN stockholders was astir $167 million, oregon $10.71 per diluted share, compared with a nett nonaccomplishment of $7 million, oregon $0.56 per share, successful the 2nd 4th of the anterior year. The reported nett included the summation from the operation transaction.

The archetypal tower-sale closing generated $268 cardinal successful currency proceeds. ATN utilized $68 cardinal to repay amounts outstanding nether its CoBank revolver installation and ended the 4th with $332 cardinal successful currency equivalents and restricted cash, up $215 cardinal from year-end.

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Total indebtedness declined to $513 million, and the company's nett leverage ratio improved to 0.91 times from 2.36 times astatine the extremity of 2025. Doglioli said astir two-thirds of ATN's outstanding indebtedness is astatine the subsidiary level and is non-recourse to the genitor company.

ATN expects further tower-sale closings implicit the adjacent 10 months, with the imaginable for up to $30 cardinal successful further proceeds from sites deferred astatine the archetypal closing.

International Operations Expand Margins

International conception gross accrued 1.4% to $96 million, portion adjusted EBITDA roseate 6.6% to $35.5 million. Adjusted EBITDA borderline expanded 180 ground points to 36.9%.