ATN International, Inc. (NASDAQ:ATNI) Q3 2023 Earnings Conference Call October 26, 2023 10:00 AM ET

Company Participants

Justin Benincasa – Chief Financial Officer

Michael Prior – Chief Executive Officer

Brad Martin – Chief Operating Officer

Conference Call Participants

Ric Prentiss – Raymond James

Greg Burns – Sidoti

Operator

Good day, and thank you for standing by. Welcome to the ATN International Q3 2023 Earnings Conference Call and Webcast. At this time all participants are in a listen-only mode. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your first speaker today, Justin Benincasa, CFO. Please go ahead.

Justin Benincasa

Thank you, Kathy, and good morning, everyone. This morning, we’ll be review our third quarter 2023 results. I’m joined by Michael Prior, ATN’s Chief Executive Officer; and by Brad Martin, our Chief Operating Officer. Michael will provide an update on the business and strategy and a high-level overview of our quarterly results. I’ll cover our financials and provide additional color where necessary, and Brad is here for questions-and-answer session.

As a reminder, we released our third quarter results press release yesterday afternoon after the market closed. Investors can find earnings – earnings release and results presentation on our Investor Relations website. Our earnings release and the presentation contain forward-looking statements concerning our current expectations, objectives and underlying assumptions regarding our future operating results. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those described.

Also, in an effort to provide useful information to investors, our comments today include non-GAAP financial measures. For details on these measures and reconciliations to comparable GAAP measures and for further information regarding the factors that may affect our future operating results, please refer to our earnings release on our website at atni.com or the 8-K filing provided to the SEC.

I’ll now turn the call over to Michael for his prepared remarks.

Michael Prior

Thank you, Justin. Good morning, everyone, and thank you for joining us. We’re pleased with our third quarter performance as we continue to rapidly convert customers to our high-speed networks and work towards completing our three-year plan at the end of 2024.

Let me start by sharing three key takeaways from our performance. First, we continue to execute well on all fronts, delivering higher revenue and EBITDA on solid subscriber growth in both the quarter and first nine months of 2023. Second, the infrastructure investments we’ve made in building out our broadband network provides the foundation for strong recurring revenues, durable discretionary cash flow and long-term shareholder value. And third, as we approach the final year of our three-year plan, we remain committed to managing our balance sheet and spending levels to maximize free cash flow over time.