CNSL - Consolidated Communications GAAP EPS of -$1.05 revenue of $275.2M

2023-08-08 08:03:55 ET

• Consolidated Communications press release ( NASDAQ: CNSL ): Q2 GAAP EPS of -$1.05.
• Revenue of $275.2M (-7.8% Y/Y).
• Consumer fiber revenue was $29.6 million, up approximately 54% or 58% normalized ¹ , driven by strong operating metrics including 18,651 consumer fiber net adds and increased ARPU of 5.1%.
• Consumer broadband revenue was $71.3 million, up 5.5% or 8.4% normalized ¹ .
• Commercial data services revenue was $53.2 million, down 6.8% or up 0.5% normalized ¹ .
• Carrier data-transport revenue was $31.2 million, down 13.9% or 5.1% normalized ¹ .
• Other products and services revenue was $1.6 million, a decrease of $2.3 million, largely due to lower recognition of public private partnership construction projects.
• Net loss was ($119.0 million). Adjusted EBITDA was $76.9 million.

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