Crown Castle Inc. (NYSE:CCI) Q2 2024 Earnings Conference Call July 17, 2024 5:00 PM ET

Company Participants

Kris Hinson - VP, Corporate Finance & Treasurer
Steven Moskowitz - President & CEO
Daniel Schlanger - CFO

Conference Call Participants

Simon Flannery - Morgan Stanley
Michael Rollins - Citi
David Barden - Bank of America
Ric Prentiss - Raymond James
Jim Schneider - Goldman Sachs
Nick Del Deo - MoffettNathanson
Richard Choe - JPMorgan
Ari Klein - BMO Capital Markets
Matt Niknam - Deutsche Bank
Batya Levi - UBS
Eric Luebchow - Wells Fargo
Walter Piecyk - LightShed
Brandon Nispel - KeyBanc Capital Markets
Brendan Lynch - Barclays

Operator

Good day and welcome to the Crown Castle Second Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Kris Hinson, Vice President of Corporate Finance and Treasurer. Please go ahead.

Kris Hinson

Thank you, Betsy, and good afternoon everyone. Thank you for joining us today as we discuss our Second Quarter 2024 Results. With me on the call this afternoon are Steven Moskowitz, Crown Castle's Chief Executive Officer, and Dan Schlanger, Crown Castle's Chief Financial Officer.

To aid the discussion, we have posted supplemental materials in the Investor section of our website at crowncastle.com that will be referenced throughout the call. This conference call will contain forward-looking statements which are subject to certain risks, uncertainties, and assumptions, and actual results may vary materially from those expected. Information about potential factors which could affect our results is available in the press release and the risk factor sections of the company's SEC filings.

Our statements are made as of today, July 17th, 2024, and we assume no obligation to update any forward-looking statements. In addition today's call includes discussion of certain non-GAAP financial measures. Tables reconciling these non-GAAP financial measures are available in the supplemental information package in the Investor section of the company's website at crowncastle.com.

With that, let me turn the call over to Steven.

Steven Moskowitz

Thanks, Chris. Good afternoon, everyone. We appreciate you joining us for this call and as you can see from our second quarter results, we delivered solid operating and financial performance in all three of our businesses and reiterated our full year 2024 outlook. We're confident in our outlook based on having 95% of our expected tower revenue growth for this year contracted either as part of our holistic master license agreements with our major customers or with revenues from regional and local wireless customers, and also having implemented changes to our fiber segment, which will position us to generate more profitable business and increase our operating efficiencies.