Shenandoah Telecommunications

Shenandoah Telecommunications Co. operates as a holding company, which engages in the provision of regulated and unregulated telecommunication services to end-user customers and other telecommunications providers. It offers voice, video and data communications services. It operates through the following segments: Broadband and Tower. The Broadband segment provides broadband, video and voice services to residential and commercial customers in portions of Virginia, West Virginia, Maryland, and Kentucky, via fiber optic and hybrid fiber coaxial (“HFC”) cable. The Tower segment leases space on 225 owned cell towers. The company was founded in 1902 and is headquartered in Edinburg, VA.

Earnings data Q4 2020

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Earnings data Q4 2023

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Earnings data Q2 2024

Earnings data Q3 2024

Shenandoah Telecommunications (SHEN) excels in Q4 2022 with Glo Fiber expansion driving revenue growth

Shenandoah Telecommunications (SHEN) reported a strong performance in Q4 2022, with a focus on Glo Fiber expansion and revenue growth. While facing challenges like T-Mobile churn impact and labor availability, the company is well-positioned to capitalize on opportunities through capital spending and market expansion.

Shenandoah Telecommunications achieves record Q1 results amidst growth opportunities

Shenandoah Telecommunications demonstrated exceptional performance in Q1 2023, with record-breaking results in the Broadband segment and strong financial metrics across the board.
The company's focus on Glo Fiber's expansion, strategic investments in network infrastructure, and financial prudence position it well for sustained growth and value creation.
While facing challenges such as labor availability and ARPU dynamics, Shenandoah Telecommunications remains poised to capitalize on opportunities in expanding its fiber network and enhancing customer offerings.

Shenandoah Telecommunications (SHEN) excels in Q2 2023, eyes strategic growth

Shenandoah Telecommunications (SHEN) showcased robust performance in Q2 2023, capitalizing on Glo Fiber success and Broadband revenue growth. Addressing challenges in marketing strategies and profitability will be key for sustained growth.

Shenandoah Telecommunications reports robust Q3 performance amidst operational challenges

Shenandoah Telecommunications (SHEN) delivered a strong Q3 performance with growth in key segments and stable financial metrics.
Operational challenges like CapEx delays and utility-related construction issues require effective management and mitigation strategies.
Strategic opportunities in expanding Glo Fiber, optimizing financing options, and enhancing market penetration position the company for future growth.

Shentel reports robust 2023 results with Glo Fiber driving growth

Shentel's 2023 performance reflects strong growth driven by Glo Fiber expansion.
The company saw increases in consolidated revenues, adjusted EBITDA, and broadband revenue.
Challenges include managing the pending acquisition and integrating the broadband network.
Opportunities lie in the Horizon Telcom acquisition, Glo Fiber expansion, and government grant projects.

Shenandoah Telecommunications reports strong Q1 performance and growth opportunities

SHEN's Q1 2024 performance reflects strong revenue growth, improved EBITDA, and strategic acquisitions driving expansion and operational efficiencies.
The company's focus on network expansion, integration synergies, and customer growth positions it well for sustained profitability and market competitiveness.
While facing challenges in integration and market competition, SHEN's opportunities lie in leveraging network expansion, customer acquisitions, and revenue growth potential.

Shenandoah Telecommunications excels in Q2 with Glo Fiber expansion

Shenandoah Telecommunications delivered a strong performance in Q2 2024, driven by robust revenue growth and successful integration of Horizon Telecom.
The company's Glo Fiber expansion showcased promising metrics and strong sales momentum, indicating a positive market reception.
While facing challenges in a competitive landscape and managing leverage, Shenandoah Telecommunications has opportunities to leverage its strong liquidity position and expand further.

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Shenandoah Telecommunications Co. is a holding company, which engages in the provision of regulated and unregulated telecommunication services to end-user customers and other telecommunications providers. It offers voice, video and data communications services. It operates through the Broadband and Tower segments. The Broadband segment provides broadband, video, and voice services to residential and commercial customers in portions of Virginia, West Virginia, Maryland, and Kentucky, via fiber optic and hybrid fiber coaxial (“HFC”) cable. The Tower segment leases space on 225 owned cell towers. The company was founded in 1902 and is headquartered in Edinburg, VA.

Expansion will bring internet speeds up to 5 Gbps to over 40,000 homes and businesses EDINBURG, Va. , March 12, 2024 /PRNewswire/ -- Glo Fiber, powered by Shenandoah Telecommunications Company ("Shentel") (Nasdaq: SHEN), announced they have reached an agreement to deploy next generation fiber-to-the-home (FTTH) broadband services to Frederick County, Maryland.

Glo Fiber Announces Expansion of its Fiber Network to Frederick County, Maryland

EDINBURG, Va., March 01, 2024 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (“Shentel” or the “Company”) (Nasdaq: SHEN) announced that it has entered into a Purchase and Sale Agreement with Vertical Bridge Holdco, LLC (“Vertical Bridge”) to sell its tower portfolio and operations (“Tower Portfolio”) to Vertical Bridge for $310.3 million in cash (the “Transaction”).

Shenandoah Telecommunications Company to Sell its Towers for $310 Million

American Tower

EDINBURG, Va. , Feb. 21, 2024 /PRNewswire/ -- Glo Fiber Business, powered by Shenandoah Telecommunications Company ("Shentel") (Nasdaq: SHEN), is proud to announce an agreement with CoreSite to securely connect business customers with reliable, scalable colocation services at their Washington, D.C.

Glo Fiber Business and CoreSite to Expand Network Connectivity to Washington, D.C.

Shenandoah Telecommunications Company (SHEN) Q4 2023 Earnings Call Transcript

Shenandoah Telecommunications (SHEN) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to loss of $0.04 per share a year ago.

Shenandoah Telecommunications (SHEN) Surpasses Q4 Earnings and Revenue Estimates

EDINBURG, Va., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (“Shentel”) (Nasdaq: SHEN) announced fourth quarter and full year 2023 financial and operating results.

Shenandoah Telecommunications Company Reports Fourth Quarter and Full Year 2023 Results

Fiber optic network will bring internet speeds up to 5 Gbps to the premier community EDINBURG, Va. , Feb. 13, 2024 /PRNewswire/ -- Glo Fiber, powered by Shenandoah Telecommunications Company ("Shentel") (Nasdaq: SHEN), announced that they have reached an agreement with the Kingsmill Community Services Association (KCSA) to deploy next generation fiber-to-the-home (FTTH) broadband services to Kingsmill residents.

Glo Fiber Announces Expansion to Kingsmill in Williamsburg, VA

EDINBURG, Va. , Feb. 6, 2024 /PRNewswire/ -- Shenandoah Telecommunications Company (Nasdaq: SHEN), a leading provider of telecommunications services, announced today that employees volunteered more than 252 volunteer hours during the past year as part of its Employee Volunteer Initiative in 2023, making a positive impact on the communities it serves.

Shentel's Employee Volunteer Initiative Gives Back to Local Charities

EDINBURG, Va., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN) will release its fourth quarter and full year 2023 financial results before the market opens on Wednesday, February 21, 2024, and will host a conference call and simultaneous webcast on the same day at 8:30 a.m.

Shenandoah Telecommunications Company to Hold its Fourth Quarter and Full Year 2023 Earnings Call at 8:30 a.m. on Wednesday, February 21, 2024

EDINBURG, Va. , Jan. 16, 2024 /PRNewswire/ -- Glo Fiber, powered by Shenandoah Telecommunications Company ("Shentel") (Nasdaq: SHEN), announced that future-proof, 100% fiber optic broadband service is now available to several initial neighborhoods in Bridgewater, Broadway, Timberville, Grottoes and Elkton in Rockingham County.

Glo Fiber Launches Lightning Fast Fiber Optic Internet in Rockingham County, VA

Expansion will bring internet speeds up to 5 Gbps to over 7,500 homes and businesses EDINBURG, Va. , Jan. 10, 2024 /PRNewswire/ -- Glo Fiber, powered by Shenandoah Telecommunications Company ("Shentel") (Nasdaq: SHEN), announced they have reached an agreement with municipal officials to deploy next generation fiber-to-the-home (FTTH) broadband services to Springettsbury Township, Pennsylvania.

Glo Fiber Announces Expansion of its Fiber Network to Springettsbury Township, PA

EDINBURG, Va. , Jan. 4, 2024 /PRNewswire/ -- Glo Fiber, powered by Shenandoah Telecommunications Company ("Shentel") (Nasdaq: SHEN), announced that future-proof, 100% fiber optic broadband service is now available to initial neighborhoods in Spring Garden Township, Pennsylvania.

Glo Fiber Launches Lightning Fast Fiber Optic Internet in Spring Garden, Pennsylvania

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Shenandoah Telecommunications Company (NASDAQ:SHEN ) Q3 2023 Earnings Conference Call November 3, 2023 8:30 AM ET Company Participants Kirk Andrews - Director of Financial Planning & Analysis Christopher French - President & CEO James Volk - SVP of Finance & CFO Edward McKay - EVP & COO Conference Call Participants Frank Louthan - Raymond James Hamed Khorsand - BWS Financial Operator Good morning, everyone. Welcome to Shenandoah Telecommunications' Third Quarter 2023 Earnings Conference Call.

Shenandoah Telecommunications Company (SHEN) Q3 2023 Earnings Call Transcript

EDINBURG, Va., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (“Shentel”) (Nasdaq: SHEN) announced third quarter 2023 financial and operating results.

Shenandoah Telecommunications Company Reports Third Quarter 2023 Results

Expansion will bring internet speeds up to 5 Gbps to over 20,000 homes and businesses EDINBURG, Va. , Nov. 1, 2023 /PRNewswire/ -- Glo Fiber, powered by Shenandoah Telecommunications Company ("Shentel") (Nasdaq: SHEN), announced they have reached an innovative partnership with municipal officials to deploy next generation fiber-to-the-home (FTTH) broadband services to the City of Lancaster, Pennsylvania.

Glo Fiber Announces Expansion of its Fiber Network to City of Lancaster, PA

Shenandoah Telecom (SHEN) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Shenandoah Telecom (SHEN) Surges 10.5%: Is This an Indication of Further Gains?

EDINBURG, Va., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (“Shentel” or the “Company”) (Nasdaq: SHEN) announced today it has entered into a definitive agreement to acquire 100% of the equity interests in Horizon Acquisition Parent LLC (“Horizon” or “Horizon Telcom”) for $385 million (the “Transaction”).

Shenandoah Telecommunications Company to Acquire Horizon Telcom

EDINBURG, Va., Oct. 24, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Shenandoah Telecommunications Company (Shentel) (NASDAQ: SHEN) declared a cash dividend of $0.09 per share.

Shenandoah Telecommunications Company Announces 2023 Annual Dividend

EDINBURG, Va., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN) will release its third quarter 2023 financial results before the market opens on Friday, November 3, 2023, and will host a conference call and simultaneous webcast on the same day at 8:30 a.m. Eastern Time to discuss Shentel's financial results and business highlights.

Shenandoah Telecommunications Company to Hold its Third Quarter 2023 Earnings Call at 8:30 a.m. on Friday, November 3, 2023

DENVER--(BUSINESS WIRE)-- #Broadband--Global leader in geospatial network construction technology, Render Networks, today announced that Shenandoah Telecommunications Company (Shentel) (Nasdaq: SHEN) has selected Render's platform to more efficiently manage its fiber-to-the-home (FTTH) expansion under the brand, Glo Fiber. Glo Fiber is rapidly expanding and Render's technology platform will help to decrease overall construction deployment schedules. Glo Fiber provides next-generation FTTH multi-gigabit broa.

Shentel selects Render's construction technology to more efficiently manage Glo Fiber's expansion

EDINBURG, Va. , Sept. 12, 2023 /PRNewswire/ -- Glo Fiber, powered by Shenandoah Telecommunications Company ("Shentel") (Nasdaq: SHEN), announced that future-proof, 100% fiber optic broadband service is now available to initial neighborhoods in the boroughs of Waynesboro and Greencastle, Pennsylvania.

Glo Fiber Launches Lightning Fast Fiber Optic Internet in Waynesboro and Greencastle, Pennsylvania

EDINBURG, Va. , Aug. 23, 2023 /PRNewswire/ -- Glo Fiber, powered by Shenandoah Telecommunications Company ("Shentel") (Nasdaq: SHEN), announced several neighborhoods in Shippensburg, Pennsylvania now have access to their future-proof, 100% fiber network.

Glo Fiber Brings Lightning Fast Fiber Optic Internet to Shippensburg, Pennsylvania

Expansion will bring internet speeds up to 5 Gbps to the heart of Fauquier County EDINBURG, Va. , Aug. 8, 2023 /PRNewswire/ -- Glo Fiber, powered by Shenandoah Telecommunications Company ("Shentel") (Nasdaq: SHEN), announced they have reached an agreement with municipal officials to deploy next generation fiber-to-the-home (FTTH) broadband services to Warrenton, Virginia.

Glo Fiber Announces Expansion of its Fiber Network to Warrenton, Virginia

Shenandoah Telecommunications Company (NASDAQ:SHEN ) Q2 2023 Earnings Call Transcript August 2, 2023 8:30 AM ET Company Participants Kirk Andrews - Director of Financial Planning and Analysis Chris French - President and CEO Jim Volk - SVP of Finance and CFO Ed McKay - EVP and COO Conference Call Participants Frank Louthan - Raymond James Dan Day - B. Riley Hamed Khorsand - BWS Financial Operator Good morning, everyone.

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