SBA Communications Corporation (NASDAQ:SBAC) Q2 2024 Earnings Call Transcript July 29, 2024 5:00 PM ET
Company Participants
Mark DeRussy - VP of Finance
Brendan Cavanagh - CEO
Marc Montagner - CFO
Conference Call Participants
David Barden - Bank of America
Simon Flannery - Morgan Stanley
Jim Schneider - Goldman Sachs
Michael Elias - TD Cowen
Richard Choe - JPMorgan
Ric Prentiss - Raymond James
Jon Atkin - RBC
Michael Rollins - Citi
Nick Del Deo - MoffettNathanson
Brandon Nispel - KeyBanc
Matt Niknam - Deutsche Bank
Brendan Lynch - Barclays
Ari Klein - BMO Capital Markets
Jonathan Chaplin - New Street
Batya Levi - UBS
David Guarino - Green Street
Operator
Ladies and gentlemen, thank you for standing by. Welcome to the SBA Second Quarter Results Conference Call. At this time, all participants are in a listen-only mode, and later we will conduct a question-and-answer session. Instructions will be given at that time. [Operator Instructions] And as a reminder, this conference is being recorded. I would now like to turn the conference over to our host, VP of Finance, Mark DeRussy. Please go ahead.
Mark DeRussy
Good evening, and thank you for joining us for SBA's second quarter 2024 earnings conference call. Here with me today are Brendan Cavanagh, our Chief Executive Officer, and Marc Montagner, our Chief Financial Officer.
Some of the information we will discuss on this call is forward-looking, including but not limited to, any guidance for 2024 and beyond. In today's press release and in our SEC filings, we detail material risks that may cause our future results to differ from our expectations. Our statements are as of today, July 29th, and we have no obligation to update any forward-looking statement we may make.
In addition, some of our comments will include non-GAAP financial measures and other key operating metrics. The reconciliation of and other information regarding these items can be found in our supplemental financial data package which is located on the landing page of our investor relations website.
With that, I'll now turn it over to Brendan to comment on the second quarter.
Brendan Cavanagh
Thank you, Mark, and good afternoon. The second quarter was another solid one with good execution operationally and financial results in line with our expectations. Accounting for recent weakening in foreign exchange rates, we have modestly lowered our full-year outlook for most financial measures. However, on a constant currency basis, we have slightly increased our projected full-year results. The year has largely unfolded as we had expected. Steady carrier activity across our markets, but no material inflection in new lease and amendment executions thus far into the year.