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 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.
Cable One, Inc. (NYSE: CABO) announced preliminary financial results for Q1 2021, estimating revenues between $335 million and $341 million and net income between $65 million and $69 million. The company expects Adjusted EBITDA to range from $176 million to $180 million. In addition, residential data subscribers grew by approximately 22,000 sequentially. Cable One plans to use proceeds from proposed new loans to refinance Hargray Communications, part of an acquisition valued at $2.2 billion.
Cable One, Inc. (NYSE: CABO) will hold a conference call on May 6, 2021, at 5 p.m. ET to discuss its first-quarter financial results. A press release with the results will be issued after market close on the same day. Investors can access the call via live audio webcast on the Cable One Investor Relations website or by dialing the provided phone numbers. A replay will be available until May 20, 2021. Cable One serves over 950,000 customers in 21 states, offering high-speed internet and cable services through its Sparklight and Clearwave brands.
Cable One, Inc. (NYSE: CABO) announced the appointment of Megan M. Detz as Senior Vice President, Human Resources. Detz brings over 20 years of experience in the IT services sector and previously held senior roles at Hargray Communications, VARIDESK, and NTT DATA, Inc. She will oversee HR operations, including talent acquisition and Diversity, Equity and Inclusion initiatives. The company is expected to finalize its acquisition of Hargray in Q2 2021, enhancing its strategic growth.
Cable One, Inc. (NYSE: CABO) has priced a private offering totaling $500 million in 0.00% convertible senior notes due 2026 and $300 million in 1.125% convertible senior notes due 2028. The offering size increased from earlier announcements. The notes will be senior unsecured obligations guaranteed by its wholly-owned subsidiaries. The proceeds will support general corporate purposes, including financing a portion of the acquisition of Hargray Acquisition Holdings, LLC. The offering closes on March 5, 2021, subject to customary conditions.
Cable One (NYSE: CABO) announced a private offering of $400 million in convertible senior notes due 2026 and $200 million due 2028. The offering is subject to market conditions, with an option for initial purchasers to buy an additional $60 million and $30 million, respectively. Proceeds will finance the acquisition of remaining equity interests in Hargray Acquisition Holdings. The notes are senior unsecured obligations, convertible into cash, common stock, or a combination, and will be offered only to qualified institutional buyers under Rule 144A.