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. reports news around its broadband communications business, which provides residential and business data, video and voice services through the Sparklight brand. Recurring updates cover operating results, subscriber trends, average revenue per unit, adjusted EBITDA, cash flow, capital expenditures and the performance of residential data, residential video and business data services.
Company news also includes Sparklight product expansion, such as prepaid wireless service for Sparklight internet customers, intelligent Wi-Fi offerings powered by eero Wi-Fi 7, IPTV/video services, voice services and advertising revenue tied to video channels. Corporate updates may cover conference-call notices, inducement equity awards and other governance developments.
Cable One (NYSE: CABO) has announced it will host a conference call to discuss its fourth quarter and full year 2024 financial results on Thursday, February 27, 2025, at 5 p.m. Eastern Time. The company will release its earnings report after market close on the same day.
Investors and analysts can access the conference call through a live audio webcast on Cable One's Investor Relations website or by dialing 1-888-800-3155 (International: 1-646-307-1696) with access code 1202376. A replay of the call will be available on the company's IR website from February 27 to March 13, 2025.
Cable One (NYSE: CABO) has announced its Board of Directors has declared a quarterly cash dividend of $2.95 per share. The dividend will be distributed to stockholders of record as of the close of business on February 18, 2025, with the payment scheduled for March 7, 2025.
Cable One (NYSE: CABO) has amended its strategic partnership agreement with Mega Broadband Investments Holdings (MBI), providing enhanced flexibility for acquiring full ownership. Cable One currently owns 45% of MBI and paid $250 million to other MBI equity holders, who also received $100 million from new MBI debt.
The amended agreement includes new timing options: Cable One can call the remaining 55% starting Q3 2025, while GTCR's put option is deferred to October 1, 2026. MBI reported approximately $320 million in total revenues for the 12 months ended September 30, 2024, serving about 226,000 customers across 674,000 network passings.
The estimated purchase price for the remaining 55% stake is expected to range between $410-550 million, with MBI's total net indebtedness projected at $845-895 million at the time of full ownership.
Cable One (NYSE: CABO) announced its Board of Directors has declared a quarterly cash dividend of $2.95 per share. The dividend will be paid on December 20, 2024, to stockholders who are on record as of the close of business on December 3, 2024.
Cable One (NYSE: CABO) reported Q3 2024 financial results with revenues of $393.6 million, down 6.4% from $420.3 million in Q3 2023. Net income increased 45.9% to $44.2 million compared to $30.3 million in the prior year. Residential data revenues decreased 6.9% due to a 7.1% decline in average revenue per unit. The company lost approximately 5,300 residential data PSUs from ACP expiration but gained 2,100 from a small acquisition. Adjusted EBITDA was $213.6 million with a 54.3% margin, while cash flows from operating activities were $176.2 million.
Cable One (NYSE: CABO) has appointed Anthony Mokry as Senior Vice President, Residential Services. With over 25 years of telecommunications industry experience, Mokry will lead the company's marketing initiatives, focusing on strategy development, product innovation, and residential customer base management. Previously, he served as Vice President/Chief Marketing Officer at Cricket Wireless, an AT&T subsidiary, and held senior positions at AT&T including Vice President, Gulf States. Cable One CEO Julie Laulis highlighted Mokry's expertise in revenue growth and customer experience enhancement as valuable assets for the company's mission to connect customers and communities.
Cable One (NYSE: CABO) has announced it will host a conference call to discuss third quarter 2024 results on Thursday, November 7, 2024, at 5 p.m. Eastern Time. The company will release its financial results after market close on the same day. Investors can access the call via webcast at ir.cableone.net or by phone using access code 1202376. A replay will be available until November 21, 2024.
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.