Crown Castle Inc. (NYSE:CCI) Q3 2023 Earnings Conference Call October 19, 2023 10:30 AM ET

Company Participants

Kris Hinson - Vice President of Corporate Finance and Treasurer

Jay Brown - Chief Executive Officer

Dan Schlanger - Chief Financial Officer

Conference Call Participants

Simon Flannery - Morgan Stanley

Michael Rollins - Citi

Nick Del Deo - MoffettNathanson

Jonathan Atkin - RBC Capital Markets

Ric Prentiss - Raymond James

David Barden - Bank of America

Gregory Williams - Cowen & Company

Matthew Niknam - Deutsche Bank

Brandon Nispel - KeyBanc Capital Markets

Operator

Good morning and welcome to the Crown Castle Third Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Kris Hinson, VP of Corporate Finance and Treasurer. Please go ahead.

Kris Hinson

Thank you, Kate, and good morning, everyone. Thank you for joining us today as we discuss our third quarter 2023 results. With me on the call this morning are Jay Brown, Crown Castle's Chief Executive Officer; and Dan Schlanger, Crown Castle's Chief Financial Officer. To aid the discussion, we have posted supplemental materials in the Investors section of our Web site at crowncastle.com that will be referenced throughout the call this morning.

This conference call will contain forward-looking statements which are subject to certain risks, uncertainties and assumptions, and actual results may vary materially from those expected. Information about potential factors which could affect our results is available in the press release and the Risk Factors sections of the company's SEC filings. Our statements are made as of today, October 19, 2023, and we assume no obligation to update any forward-looking statements.

In addition, today's call includes discussions of certain non-GAAP financial measures. Tables reconciling these non-GAAP financial measures are available in the supplemental information package in the Investors section of the company's Web site at crowncastle.com.

With that, let me turn the call over to Jay.

Jay Brown

Thanks, Kris, and good morning, everyone. Thanks for joining us. Our third quarter results continue to demonstrate our ability to generate consistent growth in the face of changes in the industry environment, allowing us to maintain our full-year 2023 outlook for revenue, adjusted EBITDA, and AFFO. Based on the multi-year strength of our business model, we are confident in our ability to grow our dividend beyond 2025 once we get past the Sprint-related churn. Therefore, we are committed to maintaining our dividend in 2024 in the midst of the impact from the non-recurring Sprint Cancellations and lower contributions from services.