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. (CABO) delivers essential broadband, voice, and video services to residential and business customers across competitive telecommunications markets. This page provides investors and industry observers with a centralized source for all official company announcements and news developments.
Access real-time updates on earnings reports, infrastructure expansions, product launches (including Sparklight TV innovations), and strategic partnerships. Our curated collection ensures you stay informed about CABO’s operational milestones and regulatory filings without speculative commentary.
Key news categories include quarterly financial results, technology deployments, leadership changes, and service area expansions. All content is sourced directly from verified company communications to maintain accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to CABO’s evolving story in the telecommunications sector. Check regularly for critical updates that may impact market perception or long-term growth strategies.
Cable One, Inc. (NYSE: CABO) has announced a quarterly cash dividend of $2.95 per share. The dividend will be payable on September 13, 2024 to stockholders of record at the close of business on August 27, 2024. This declaration by the Board of Directors demonstrates the company's commitment to returning value to its shareholders through regular dividend payments.
Cable One reported its Q2 2024 financial results, showing declines in key metrics compared to Q2 2023:
- Revenues decreased 7.0% to $394.5 million
- Net income fell 13.8% to $47.6 million
- Adjusted EBITDA declined 8.2% to $212.4 million
- Net profit margin decreased to 12.1% from 13.0%
The company cited challenges like the discontinuation of the Affordable Connectivity Program. However, it noted positive momentum in residential and business data additions. Cable One repaid $50 million of its revolving credit facility and paid $17.1 million in dividends during Q2. Capital expenditures decreased 12.2% to $71.6 million.
Cable One (NYSE: CABO) has announced a conference call to discuss its second quarter 2024 financial results. The call is scheduled for Thursday, August 1, 2024, at 5 p.m. Eastern Time. Cable One will release its earnings report after market close on the same day. Investors and analysts can access the call via a live audio webcast on Cable One's Investor Relations website or by dialing in. The company will provide a replay of the call on its website until August 15, 2024. This event offers an opportunity for stakeholders to gain insights into Cable One's financial performance and future outlook.
Cable One (NYSE: CABO) has declared a quarterly cash dividend of $2.95 per share. The dividend will be paid on June 14, 2024, to shareholders recorded by the close of business on May 28, 2024.
Cable One, Inc. reported financial results for the first quarter of 2024, showing a decrease in revenues and net income compared to the same period in 2023. Despite sequential growth in residential and business data customers, the company experienced declines in residential video and data revenues. Adjusted EBITDA decreased by 5.1%, with net profit margin at 11.7%. The company paid dividends and reduced its debt during the quarter. Capital expenditures decreased by 31.4% year-over-year.
Mega Broadband Investments (MBI) announced the appointment of Andy Parrott as CEO, effective May 1st, 2024, with Phil Spencer transitioning to a senior advisor role. Parrott, with experience at Charter Communications, Suddenlink Communications, and Altice USA, joined MBI in 2019 and has been praised for his leadership in strategic initiatives, such as Gigabit internet service rollout and customer service improvement. Cable One CEO Julie Laulis also commended Parrott's community-first mindset and management style. Parrott's promotion signifies a new chapter of growth for MBI.
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