ATN International, Inc. (NASDAQ:ATNI) Q2 2023 Earnings Conference Call July 27, 2023 10:00 AM ET

Company Participants

Justin Benincasa - Chief Financial Officer

Michael Prior - President, Chief Executive Officer & Chairman

Brad Martin - Chief Operating Officer

Conference Call Participants

Ric Prentiss - Raymond James

Operator

Good day and thank you for standing by. Welcome to the ATN International Q2 2023 Earnings Conference Call. At this time, all participants are in listen-only mode. After the speakers' presentation there will be question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

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

Justin Benincasa

Great. Thank you, Sean and good morning, everyone. Today, we will review our second quarter 2023 results. With me here today is Michael Prior, ATN's Chief Executive Officer; and Brad Martin, ATN's Chief Operating Officer. Michael will provide an update on our business and strategies as well as a high-level overview of our quarterly results. I'll then cover our financials and provide additional color where necessary.

As a reminder, we released our second quarter results press release last night after the market closed. Investors can find this release and the results presentation for the call on our Investor Relations website. Before I turn the call over to Michael, I'd like to point out that this call, our press 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 the 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 the 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 capped the first half of 2023 with a strong second quarter, highlighted by robust subscriber growth and an accelerating conversion of subscribers to our high-speed networks.

Before we discuss specific operating metrics, let me share 3 key takeaways from our second quarter performance. First, we continue to execute well against our 3-year plan, delivering higher revenue and EBITDA on healthy subscriber growth. Second, we have demonstrated strong momentum on the customer front with growth in all key retail subscriber categories and some big wholesale and enterprise customer wins, such as the recent long-term agreement we announced with a national carrier in the U.S. And third, with this month's renewal and expansion of our credit facilities, we continue to prudently manage our balance sheet with a focus on using future cash flow from operations to enhance liquidity and reduce debt. We're on a well-defined strategic mission to provide connectivity for all.