Shenandoah Telecommunications Company (NASDAQ:SHEN) Q2 2023 Earnings Call Transcript August 2, 2023 8:30 AM ET

Company Participants

Kirk Andrews - Director of Financial Planning and Analysis

Chris French - President and CEO

Jim Volk - SVP of Finance and CFO

Ed McKay - EVP and COO

Conference Call Participants

Frank Louthan - Raymond James

Dan Day - B. Riley

Hamed Khorsand - BWS Financial

Operator

Good morning, everyone. Welcome to Shenandoah Telecommunications Second Quarter 2023 Earnings Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Kirk Andrews. Director of Financial Planning and Analysis for Shentel.

Kirk Andrews

Good morning, and thank you for joining us. The purpose of today's call is to review Shentel's results for second quarter 2023. Our results were announced in a press release distributed this morning, and the presentation we'll be reviewing is included on the Investor page at our website, www.shentel.com. Please note that an audio replay of this call will be made available later today. The details are set forth in the press release announcing this call.

With us on the call today are Chris French, President and Chief Executive Officer; Ed McKay, Executive Vice President and Chief Operating Officer; and Jim Volk, Senior Vice President of Finance and CFO. After our prepared remarks, we will conduct a question-and-answer session.

As always, let me refer you to Slide 2 of the presentation, which contains our safe harbor disclaimer and remind you that this conference call may include forward-looking statements subject to certain risks and uncertainties. These may cause our actual results to differ materially from the statements. Therefore, we have provided a detailed discussion of various risk factors in our SEC filings, which you are encouraged to review. You are cautioned not to place undue reliance on these forward-looking statements. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements.

And with that, I will now turn the call over to Chris. Go ahead, Chris.

Chris French

Thanks, Kirk. We appreciate everyone joining us this morning, and I hope everyone is well. I'm pleased with the continuation of our Fiber First growth during the second quarter and with the solid execution across the board. As noted on Slide 4, we added almost 18,000 new Glo Fiber passings in the second quarter and have increased passing 63% year-over-year to just under 183,000.