Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Q3 2022 Results Conference Call November 1, 2022 8:30 AM ET

Company Participants

Jennifer Spaude - Senior Vice President, Investor Relations and Corporate Communications

Bob Udell - President and CEO

Steve Childers - Chief Financial Officer

Conference Call Participants

Greg Williams - Cowen

Michael Rollins - Citi

Jason Kim - Goldman Sachs

Stephen Sikora - Aetna

Ana Goshko - Bank of America

Operator

Good morning. My name is Dennis, and I will be your conference operator today. At this time, I would like to welcome everyone to the Consolidated Communications Third Quarter Earnings Conference Call. Please be advised that today's conference is being recorded. All lines have been placed on mute to prevent any background noise. After the speakers' remarks there will be a question-and-answer session. [Operator Instructions] Thank you.

I will now turn the call over to Jennifer Spaude, Senior Vice President of Investor Relations and Corporate Communications. Jennifer, you may begin your conference.

Jennifer Spaude

Good morning, and thank you for joining the Consolidated Communications third quarter 2022 earnings call. Our earnings release, financial statements and presentation are all posted on the Investor Relations section of our website at ir.consolidated.com. Please review the Safe Harbor provisions on slide two of the presentation.

Today's discussion includes forward-looking statements about expected future events and financial results that involve risks and uncertainties that may cause actual results to differ materially from those expressed today. A discussion of factors that may affect future results is contained in Consolidated’s filings with the SEC. In addition, during the call today, we will refer to certain non-GAAP financial measures, which are defined and reconciled in our earnings presentation and press release.

With me today on the call are Bob Udell, President and Chief Executive Officer; and Steve Childers, our Chief Financial Officer. Following their prepared remarks, we will open the call up for questions.

I'd now like to turn the call over to Bob Udell.

Bob Udell

Thank you, Jennifer, and good morning, everyone. During the third quarter we continued making significant progress on our transformation to becoming a fiber first broadband company. We now have approximately 950,000 fiber passings across our service area, up from roughly 500,000 a year ago. We added 12,100 fiber subscribers and grew our fiber customer base to 116,000, up 42% versus the prior year. Importantly, we're seeing very strong adoption of our Fidium fiber 1-gig product.