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 (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.
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.