Shenandoah Telecommunications Company (NASDAQ:SHEN) Q1 2022 Earnings Conference Call April 29, 2022 8:00 AM ET

Company Participants

Kirk Andrews - Director of Financial Planning and Analysis

Christopher French - President and Chief Executive Officer

Edward McKay - Executive Vice President and Chief Operating Officer

James Volk - Senior Vice President and Chief Financial Officer

Conference Call Participants

Frank Louthan - Raymond James

Dan Day - B. Riley Securities

Hamed Khorsand - BWS Financial

Operator

Good morning, everyone. Welcome to the Shenandoah Telecommunications First Quarter 2022 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 first quarter of 2022. Our results were announced in a press release distributed last night, 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're 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'll now turn the call over to Chris. Go ahead, Chris.

Christopher French

Thanks, Kirk. We appreciate everyone joining us this morning, and I hope everyone is staying healthy and safe.

I'll start with an update on our broadband network expansion on Slide 4. We had another record quarter for newly constructed Glo Fiber passings of 18,000 and ended the first quarter with almost 94,000 Glo Fiber passings bringing our total passings across all of our broadband networks to over 332,000. Our engineering and construction teams are executing very well, and we're well on our way to reaching our goal of 150,000 Glo passings by year-end.