RCI.B:CC - Rogers Non-GAAP EPS of C$1.27 revenue of C$5.09B; reaffirms FY23 guidance

2023-11-09 07:18:22 ET

• Rogers press release ( NYSE: RCI ): Q3 Non-GAAP EPS of C$1.27.
• Revenue of C$5.09B (+36.1% Y/Y).
• Mobile phone and Internet net adds of 279,000, up 52,000 from Q3 last year.
• Q3 total mobile phone net adds of 261,000, up 40,000 from last year - best quarterly result ever.
• Q3 postpaid mobile phone net adds of 225,000 - strongest loading on record.

• Company achieves debt leverage ratio of 4.9x ahead of schedule; now targeting 4.8x by year-end

  Outlook: Company reaffirms industry-leading 2023 financial guidance across all metrics

  • Reaffirming 2023 outlook for total service revenue growth of 26% to 30%, adjusted EBITDA growth of 33% to 36%, free cash flow expected to be at upper end of C$2.2 billion to C$2.5 billion, and capital expenditures target of C$3.7 billion to C$3.9 billion.

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