Cable One, Inc. (NYSE:CABO) Q2 2024 Results Conference Call August 1, 2024 5:00 PM ET

Company Participants

Jordan Morkert - Vice President-Investor Relations
Julia Laulis - Chief Executive Officer
Todd Koetje - Chief Financial Officer

Conference Call Participants

Greg Williams - TD Cowen
Sebastiano Petti - JPMorgan
Frank Louthan - Raymond James
Kohulan Paramaguru - BNP Paribas
Craig Moffett - MoffettNathanson
Brandon Nispel - KeyBanc Capital Markets

Operator

Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to the Cable One Second Quarter Earnings Call. 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]

I would now like to turn the conference over to Jordan Morkert, Vice President, Investor Relations.

Jordan Morkert

Good afternoon, and welcome to Cable One's second quarter 2024 earnings call. We're glad to have you join us as we review our results. Before we proceed, I'd like to remind you that today's discussion contains forward-looking statements relating to future events that involve risks and uncertainties, including statements regarding future customer growth changes in ARPU, our recently announced organizational changes, the impact of the ending of the affordable connectivity program, capital expenditures, financial performance, capital allocation, dividend policy, leverage ratios and financing plans.

You can find factors that could cause Cable One's actual results to differ materially from the forward-looking statements discussed during today's call, in today's earnings release and in our SEC filings, including our annual report on Form 10-K. Cable One is under no obligation and expressly disclaims any obligation, except as required by law, to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

Additionally, today's remarks will include a discussion of certain financial measures that are not presented in conformity with U.S. generally accepted accounting principles or GAAP. Reconciliations of non-GAAP financial measures discussed on this call to the most directly comparable GAAP measures can be found in our earnings release or on our website at ir.cableone.net. Joining me on today's call is our President and CEO, Julie Laulis; and Todd Koetje our CFO.

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

Julia Laulis

Thank you, Jordan, and good afternoon, everyone. We appreciate you joining us for today's call. In the second quarter, we executed on our phased plan for long-term growth by taking steps to drive penetration deeper across all market segments and strengthening our competitive position. CABO is a durable enterprise, and our adaptability has been key to our success.