Welcome to our dedicated page for Cable One news (Ticker: CABO), a resource for investors and traders seeking the latest updates and insights on Cable One stock.
Cable One, Inc. (NYSE: CABO) is a broadband communications provider that serves more than 1 million residential and business customers across 24 states through its Sparklight® and Sparklight Business brands. The CABO news feed on Stock Titan aggregates company announcements, earnings releases and transaction updates that shed light on how Cable One is operating and evolving its broadband-first strategy.
Investors and industry followers can use this page to review quarterly results where Cable One reports trends in residential data revenues, business data growth, video revenue declines and capital expenditures. These releases also discuss non‑GAAP measures such as Adjusted EBITDA, Adjusted EBITDA margin and Adjusted EBITDA less capital expenditures, which the company uses to evaluate performance and liquidity.
The news stream also includes leadership and governance updates, such as CEO succession announcements and Board leadership changes, as well as information about capital allocation decisions like debt repayments and the suspension of the quarterly cash dividend. In addition, Cable One issues news related to strategic initiatives, including its joint ventures and equity interests in broadband and fiber platforms such as Clearwave Fiber and Mega Broadband Investments (MBI), and transactions involving those entities.
Business-focused readers can follow Sparklight Business announcements on new programs and channel initiatives, including partner-focused efforts designed to expand the reach of fiber-powered internet, managed connectivity, security and voice services across the company’s 24-state footprint. By reviewing these updates in one place, users can track how Cable One positions itself in the broadband communications market, manages its network investments and responds to competitive and technological changes over time.
Cable One, Inc. (NYSE: CABO) reported impressive financial results for 2020, with total revenues exceeding $1.3 billion, a 13.5% increase from 2019. Fourth-quarter revenues rose 5.7% year-over-year to $336.8 million, driven by a 17.1% increase in residential data revenues. Net income soared 70.4% to $304.4 million for the year, bolstered by a non-cash gain of $82.6 million from the Anniston System exchange. Adjusted EBITDA was $674.1 million, reflecting an 18.5% growth. The company remains focused on strategic acquisitions and maintaining customer growth amidst COVID-19 impacts.
Cable One (NYSE: CABO) has entered a definitive agreement to acquire approximately 85% of Hargray Acquisition Holdings, valuing the transaction at $2.2 billion. Cable One has been a minority investor since October 2020. This acquisition aims to enhance Cable One's presence in the Southeastern U.S. and leverage Hargray’s expertise in fiber expansion. Hargray generated roughly $128 million in Adjusted EBITDA for the year ending December 2020, with anticipated annual synergies of $45 million post-acquisition. The deal is expected to close in Q2 2021, subject to regulatory approvals.
Cable One, Inc. (NYSE: CABO) will hold a conference call on February 25, 2021, at 5 p.m. ET to discuss its fourth quarter and full year 2020 financial results. The press release with the results will be issued after market close on the same day. Interested participants can access the call via a live audio webcast on the Cable One Investor Relations website or by dialing in to the conference call. A replay will be available from February 25 until March 11, 2021.
Additionally, Cable One serves over 950,000 customers across 21 states through Sparklight® and Clearwave™ brands.
The Board of Directors of Cable One, Inc. (NYSE: CABO) has declared a quarterly cash dividend of $2.50 per share, enhancing shareholder value. This dividend is scheduled for payment on March 5, 2021, to stockholders of record by the close of business on February 16, 2021. Cable One serves over 950,000 residential and business customers across 21 states through its Sparklight® and Clearwave™ brands, providing a variety of services including high-speed internet and cable television.
The Board of Directors of Cable One (NYSE: CABO) has declared a quarterly cash dividend of $2.50 per share. This dividend will be paid on December 11, 2020, to stockholders of record as of the close of business on November 24, 2020. Cable One operates through its Sparklight® and Clearwave brands, providing broadband communications and entertainment services to over 950,000 residential and business customers across 21 states.
Cable One, Inc. (NYSE: CABO) has priced a private offering of $650 million in senior notes with a 4.00% interest due in 2030. The offering price is 100.00% of the principal amount, and it is expected to close on November 9, 2020. The previously announced offering was increased by $150 million. Proceeds will be for general corporate purposes, potentially including acquisitions and investments, such as the investment in Mega Broadband Investments Holdings LLC. The offering is exempt from Securities Act registration requirements.
Cable One announced a private offering of $500 million in senior notes due 2030, subject to market conditions. The proceeds are intended for general corporate purposes, including strategic investments like the investment in Mega Broadband Investments Holdings. The offering is exempt from registration under the Securities Act and will be available only to qualified institutional buyers and non-U.S. persons. There are risks associated with the offering's completion and the company’s future performance, particularly related to market competition and potential economic conditions.
Cable One, Inc. (NYSE: CABO) announced preliminary estimated results for Q3 2020, projecting revenues between $333 million and $339 million, with net income expected to range from $62 million to $66 million. Adjusted EBITDA is anticipated to be between $170 million and $174 million. Additionally, the Company reported a growth of approximately 26,000 residential data subscribers during the quarter, including 5,000 from the acquisition of Valu-Net LLC. A final results conference call is scheduled for November 5, 2020.
Cable One (NYSE: CABO) announced a conference call on November 5, 2020, at 5 p.m. ET to discuss its third-quarter financial results. The call will be available via a live audio webcast on the Cable One Investor Relations website and through a dial-in option. Participants are encouraged to register or dial in shortly before the call. A replay of the call will be available until November 19, 2020. Cable One, serving over 900,000 customers in 21 states, offers broadband and entertainment services under the Sparklight® and Clearwave™ brands.
Cable One (NYSE: CABO) has transferred its Anniston, Alabama system, operating under the Sparklight® brand, to Hargray Communications in exchange for a minority equity stake. This move enhances Hargray's footprint in Alabama following its previous acquisition of USA Communications' assets. The integration will allow Sparklight customers to access Hargray's advanced services like 1 Gbps Internet and comprehensive business solutions. Hargray aims to maintain existing services during the transition while committing to community engagement and service excellence.