Cable One Inc Stock Price, News & Analysis

Cable One (NYSE: CABO) will hold a conference call on November 4, 2021, at 5 p.m. ET to discuss its third-quarter financial results, which will be released after market close on the same day. Investors can listen to the call via a live audio webcast on the Cable One Investor Relations website or by calling 1-844-200-6205 (1-929-526-1599 internationally) with access code 302365. A replay will be available until November 18, 2021, at the same investor relations site.

The Board of Directors of Cable One, Inc. (NYSE: CABO) has declared a quarterly cash dividend of $2.75 per share, marking an increase of $0.25 from the previous quarter. This dividend is set to be paid on September 17, 2021 to stockholders of record by the close of business on August 31, 2021. Cable One is a prominent broadband communications provider serving over 1.1 million customers across 24 states, offering various connectivity and entertainment services.

Cable One, Inc. (NYSE:CABO) held its 2021 annual meeting where Thomas S. Gayner failed to secure a majority vote and submitted a resignation offer. The Board rejected the resignation, contingent upon Gayner reducing his board commitments by March 31, 2022. The decision was influenced by feedback from stockholders and concerns over 'overboarding' policies affecting voting outcomes. Cable One plans to amend its Supermajority Vote Requirement and enhance stockholder engagement for the 2022 meeting.

Cable One (NYSE: CABO) has appointed Todd M. Koetje as Senior Vice President, Business Development & Finance, effective September 1, 2021. Koetje brings over 20 years of expertise in capital markets and telecom from Truist Securities, where he was Managing Director. His role involves the development and oversight of investment and financial activities. Julie Laulis, CEO of Cable One, expressed confidence that Koetje's extensive experience will significantly contribute to the company's growth and mission of connecting communities.

Cable One reported a robust second quarter for 2021, with total revenues of $401.7 million, marking a 22.4% increase year-over-year, driven by a 26.6% rise in residential data revenues. Net income surged to $106.2 million, up 69.7% from the previous year. Adjusted EBITDA rose 30.7% to $213.2 million, while operating cash flow increased by 19.5% to $183.6 million. The Hargray acquisition contributed to these gains, as residential data PSUs grew by 21.7% year-over-year. However, total debt rose to $3.9 billion.

Cable One, Inc. (NYSE: CABO) will hold a conference call on August 9, 2021, at 5 p.m. ET to discuss its second-quarter financial results. A press release detailing these results will be issued after market close on the same day. The call will be available via a live audio webcast on the Cable One Investor Relations website or by dialing in at 1-844-378-6483. A replay of the call will be accessible from August 9 to August 23, 2021. Cable One serves over 1.1 million customers across 24 states through its Sparklight and Clearwave brands.

The Board of Directors of Cable One (NYSE: CABO) has declared a quarterly cash dividend of $2.50 per share. This dividend will be payable on June 18, 2021, to stockholders recorded by the close of business on June 1, 2021. Cable One serves over 1.1 million customers across 24 states, offering broadband and entertainment services through its Sparklight and Clearwave brands.

Cable One (NYSE: CABO) reported a 6.2% revenue increase to $341.3 million for Q1 2021, driven by an 18.5% rise in residential data revenues. Net income fell 1.1% to $68.6 million, while adjusted EBITDA grew 14.4% to $180.4 million. The company experienced a net cash increase of 38.4%, totaling $164.0 million. Following a $575 million convertible notes offering, Cable One secured an $800 million term loan for its acquisition of Hargray Communications, valued at $2.2 billion. The company had $1.5 billion in cash and a debt of $3.1 billion by end of March 2021.

Cable One (NYSE: CABO) has completed its acquisition of all equity interests in Hargray Acquisition Holdings, expanding its reach into key Southern markets, including Alabama, Florida, Georgia, and South Carolina. Hargray, a prominent regional communications provider, serves nearly 125,000 customers, with 60% of its revenue coming from residential and business services. This strategic move aims to enhance Cable One's service offerings and customer base while leveraging Hargray's established reputation for customer support.