CNSL - Consolidated Communications trades low after Q4 topline drops

Consolidated Communications ([[CNSL]] -9.8%) reports Q4 revenue of $326.12M, decreases 1.5% Y/Y beats consensus by $4.36M.Commercial and carrier data-transport revenue grew 3.2%Consumer broadband revenue grew 2.8%, representing seven consecutive quarters of Y/Y growth.Adjusted EBITDA of $132.3M, up 1.1%Net cash from operating activities was $67.6M; cash on hand totaled $155.6M.Net debt leverage improved to 3.39x, from 4.33x at Dec. 31, 2019Capital expenditures totaled $65.3M, reflecting an accelerated spend supporting preparations for the 2021 fiber network expansionNon-GAAP EPS of $0.12 beats consensus by $0.06; GAAP EPS of -$0.09.2021 Outlook: Capital expenditures range of $400M-$420M, reflecting a higher level of spending to support the build plan; Adjusted EBITDA range of $500M-$510M, lower than 2020 primarily due to the start-up and acceleration of the fiber build expansion plan; Cash interest expense range of $142M-$152M, reflecting the current debt structure; Cash income taxes range of $2M-$4M.Contributor comments: 'Consolidated Communications: All Eyes On The Top-Line'Previously: Consolidated Communications EPS beats by $0.06,

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Consolidated Communications trades low after Q4 topline drops