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 was recently awarded the title of Corporate Social Responsibility Operator of the Year by Cablefax Magazine, recognizing its significant contributions to education, community strengthening, and quality of life improvement across its 24-state operational footprint. Notable initiatives include the Charitable Giving Fund, with $250,000 in annual grants, and the donation of nearly 3,000 Chromebooks to Title I schools. Cable One serves over 1.1 million customers, providing advanced connectivity solutions and entertainment services, while actively supporting various social causes.
Cable One has authorized a new stock repurchase program of up to $450 million for its common stock. The board's decision allows for purchases under various conditions including share price and market factors, with no specific obligation on the number of shares to be bought. This program is in addition to the $75.4 million remaining from a previously authorized plan. Established in 2022, Cable One serves over 1.1 million customers across 24 states, showcasing a commitment to broadband services.
The Board of Directors of Cable One (NYSE: CABO) has declared a quarterly cash dividend of $2.75 per share. This dividend is payable on June 17, 2022 to stockholders of record as of May 31, 2022. As a leading broadband communications provider, Cable One serves over 1.1 million customers across 24 states, offering services like Gigabit speeds and advanced WiFi through its Sparklight brand. The company's commitment to connectivity positions it well for growth and shareholder returns.
Cable One has awarded $30,000 to ten schools and organizations for STEM projects, enhancing student learning in science, technology, engineering, and math. Each recipient will receive $3,000 to support various initiatives, such as robotics and coding programs, across its 24-state service area. Over the past three years, the company has allocated more than $80,000 for similar projects through its Dream Bigger campaign. The awards encourage schools to foster innovation and technology skills among students.
Cable One (NYSE: CABO) reported its Q1 2022 results, showcasing a 25% revenue increase to $426.7 million, aided by acquisitions of Hargray and CableAmerica. Net income surged 150% to $171.5 million, driven by substantial contributions from these Acquired Operations. Residential data revenue rose 25.4%, and the net profit margin stood at 40.2%. The company also executed a share buyback of 47,800 shares for $69.7 million, despite a rise in operating expenses to $119.4 million, largely due to the acquired operations. Cash on hand decreased slightly to $368.2 million, maintaining a debt level of approximately $3.9 billion.
On May 5, 2022, org value="NYSE:CABO"Cable One (NYSE: CABO) will host a conference call at 5 p.m. Eastern Time to discuss its first-quarter results. A press release detailing these results will be issued after market close on the same day. Interested participants can join via a live audio webcast on the Cable One Investor Relations website or by dialing 1-833-968-2277 with access code 9688907. A replay will be available until May 19, 2022.
Cable One (NYSE: CABO) announces the appointment of Todd Koetje as Chief Financial Officer, effective July 1, 2022. Koetje succeeds Steven Cochran, who will serve until June 2022 and then transition to a consultant role until early January 2023. Koetje, with over 20 years of experience in finance and telecom, previously worked at Truist Securities as Managing Director. CEO Julie Laulis expressed confidence in Koetje's ability to drive Cable One's strategic growth.
Cable One, Inc. (NYSE: CABO) reported significant growth in revenues for Q4 2021, reaching $432.6 million, up 28.5% year-over-year. Residential data and business services revenues rose 27.6% and 46.2% respectively. However, net income fell to $64.8 million, a 39.0% decrease due to a prior year gain of $82.6 million. The company's adjusted EBITDA increased 25.9% to $225.3 million. For 2021, total revenues hit $1.6 billion, a 21.2% increase, but net income dropped 4.1% to $291.8 million. The acquisition of CableAmerica for $113.1 million is expected to enhance growth.
Cable One (NYSE: CABO) will hold a conference call on February 24, 2022, at 5 p.m. ET to discuss its Q4 and full year 2021 results. A press release will be issued after market close on the same day. The call can be accessed via a live audio webcast at the Cable One Investor Relations website or by dialing 1-844-200-6205 (International: 1-646-904-5544) with access code 268589. A replay will be available from February 24 to March 10, 2022.
The Board of Directors of Cable One (NYSE: CABO) has announced a quarterly cash dividend of $2.75 per share. This dividend is payable on March 4, 2022, to stockholders of record as of February 15, 2022. Cable One is a leading broadband provider serving over 1.1 million residential and business customers across 24 states with services including Gigabit speeds and advanced WiFi.