Uniti Group (UNIT) Stock News

Uniti Group (NASDAQ: UNIT) reported its Q1 2025 financial results, showing net income of $12.2 million ($0.05 per diluted share) and AFFO of $0.35 per diluted share. The company achieved consolidated revenues of $293.9 million and Adjusted EBITDA of $237.8 million with margins of 81%. Core recurring strategic fiber revenue grew 4% YoY, while consolidated bookings increased 40%. Uniti Fiber contributed $71.5 million in revenues with 40% EBITDA margins, while Uniti Leasing added $222.4 million. The company maintains strong liquidity with $592 million in cash and available credit. The company updated its 2025 outlook, projecting revenue between $1,196-$1,216 million and net income of $90-$110 million. Notably, shareholders approved the upcoming merger with Windstream, expected to close in Q3 2025.

Uniti Group Inc. (NASDAQ: UNIT) has announced upcoming conference presentations by its President and CEO Kenny Gunderman. The executive will present at two major industry events:

- The J.P. Morgan 53rd Annual Global Technology, Media and Communications Conference on May 13, 2025, at 3:50 PM EDT in Boston, MA

- The MoffettNathanson 2025 Media, Internet & Communications Conference on May 14, 2025, at 8:00 AM EDT in New York, NY

Both presentations will be available via live webcast on Uniti's Investor Relations website at investor.uniti.com, with limited-time replay access after the events.

Uniti Group (Nasdaq: UNIT) has appointed John Harrobin as President of Kinetic, effective after the completion of Uniti's merger with Windstream Holdings II in the second half of 2025. Harrobin, previously Executive Vice President, Consumer at Frontier Communications, brings experience from managing a $3 billion business unit that achieved customer, revenue, and profit growth.

The appointment positions Harrobin to lead one of the largest independent fiber-to-the-home platforms in the country, with operational, go-to-market, and financial responsibilities. Kenny Gunderman, Uniti's President and CEO, highlighted Harrobin's expertise in fiber transformation as important for maximizing Kinetic's potential as an attractive asset with strong fundamentals.

Uniti Group (Nasdaq: UNIT) has nominated Harold Zeitz, current CEO of Ziply Fiber, for election as an independent director to its Board at the 2025 annual meeting of stockholders. Zeitz brings over 30 years of experience in broadband, telecom, wireless, financial services, gaming, and web services industries.

The Board also nominated current directors Francis X. 'Skip' Frantz (Chairman), Scott Bruce, Carmen Perez-Carlton, and Kenny Gunderman (President and CEO) for re-election. Jennifer Banner will not stand for re-election, concluding her decade of service on the Board.

Zeitz's nomination comes at a strategic time as Uniti aims to establish itself as a national fiber powerhouse and drive long-term growth and value creation.

Uniti Group (Nasdaq: UNIT) has announced it will release its first quarter 2025 financial results before the Nasdaq Stock Exchange opens on May 6, 2025. The company will host a conference call to discuss the earnings at 8:30 AM Eastern Time on the same day.

Investors can access the conference call webcast through Uniti's Investor Relations website at investor.uniti.com. Telephone participation is available through registration on the website. A replay of the call will be made available on the Investor Relations website.

Uniti Group Inc. (UNIT) stockholders have approved the proposed merger with Windstream Holdings II, at a special meeting, with over 90% of shares voting in favor. Under the merger agreement, Windstream will merge with Uniti, with Uniti becoming a wholly-owned subsidiary of Windstream Parent, Inc., which will be renamed to Uniti Group Inc.

The merger terms specify that Uniti stockholders will receive 62% of the combined company's common stock. Windstream shareholders will receive:

• $425 million in cash
• $575 million in preferred stock
• 38% of the combined company's common stock
• Non-voting warrants to acquire up to 6.9% of common stock

The transaction is anticipated to close in the second half of 2025, pending regulatory approvals. The combined company will maintain the UNIT ticker symbol on the Nasdaq Global Market.

Uniti Group (Nasdaq: UNIT) has announced its participation in the Deutsche Bank 33rd Annual Media, Internet & Telecom Conference scheduled for March 11, 2025, in Palm Beach, FL. The company will be represented by Paul Bullington, Senior Vice President, Chief Financial Officer and Treasurer, alongside Bill DiTullio, Senior Vice President of Investor Relations & Treasury.

Investors can access conference materials through Uniti's Investor Relations website at investor.uniti.com in the Events & Presentations section.

Uniti Group (Nasdaq: UNIT) has announced its participation in the upcoming Morgan Stanley 2025 Technology, Media & Telecom Conference. Kenny Gunderman, President and Chief Executive Officer, will deliver a presentation on March 4, 2025 at 8:30 AM PST / 11:30 AM EST in San Francisco, CA.

Investors and interested parties can access a live webcast of the presentation through Uniti's Investor Relations website at investor.uniti.com. A replay of the webcast will be available for a time after the event.

Uniti Group (UNIT) reported its Q4 and full-year 2024 results, with net income of $21.6M for Q4 and $93.4M for the full year. The company achieved Q4 revenues of $293.3M and full-year revenues of $1.2B. Earnings per diluted share were $0.09 in Q4 and $0.38 for the full year, while AFFO per diluted share reached $0.35 and $1.35 respectively.

The company highlighted a 5% growth in core recurring strategic fiber revenue compared to 2023, with Q4 consolidated bookings up 40% year-over-year. Uniti recently completed a $589M fiber securitization notes offering with a weighted average yield of ~6.5%. The company maintains a strong liquidity position with $655.6M in unrestricted cash and available credit, while its leverage ratio stands at 5.80x based on net debt to Q4 2024 annualized Adjusted EBITDA.