CA - Rogers Non-GAAP EPS of C$0.99 revenue of C$4.9B
2024-04-24 07:11:48 ET
- Rogers press release ( NYSE: RCI ): Q1 Non-GAAP EPS of C$0.99.
- Revenue of C$4.9B (+27.9% Y/Y).
- Consolidated adjusted EBITDA increased 34% this quarter and our adjusted EBITDA margin increased by 210 basis points, as a result of improving synergies and efficiencies.
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More Canadians continue to choose Rogers over any other carrier with 124,000 postpaid mobile phone and retail Internet net adds; Postpaid mobile phone net adds of 98,000, up 3,000; and Retail Internet net adds of 26,000, up 12,000.
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The company generated cash provided by operating activities of C$1,180 million (2023 - C$453 million).
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It also generated free cash flow of C$586 million (2023 - C$370 million), up 58% as a result of higher adjusted EBITDA, partially offset by higher interest on long-term debt and higher capital expenditures.
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Reaffirms industry-leading 2024 financial guidance.