Uniti Group

Uniti Group, Inc. is a real estate investment trust company, which is engaged in the acquisition and construction of mission infrastructure in the communications industry. It operates through the following business segments: Leasing, Fiber Infrastructure, Towers, Consumer CLEC, and Corporate. The Leasing segment represents the real estate investment trust operations of the company and includes the results from leasing business, Uniti leasing, which engages in the acquisition of mission-critical communications assets and leasing them to anchor customers on either and exclusive or shared-tenant basis. The Fiber Infrastructure segment refers to the operations of the fiber business of the company, Uniti Fiber, which provides infrastructure solutions, including cell site backhaul and dark fiber, to the telecommunications industry. The Towers segment encompasses Uniti Towers, which acquires and construct tower-related real estate in the United States and Latin America. The Consumer CLEC segment is the operations of Talk America, which provides local telephone, high-speed internet and long distance services to customers in the eastern and central United States. The Corporate segment consists of corporate and back office functions of the company. The company was founded in February 2014 and is headquartered in Little Rock, AR.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Uniti Group reports robust Q4 performance and strategic growth outlook

Uniti Group's Q4 2022 earnings call highlighted strong financial performance, strategic focus on fiber infrastructure, and successful refinancing. Despite challenges from potential competition and lease renewal discussions, Uniti remains optimistic about growth prospects, aiming for free cash flow positivity by 2026.

Uniti Group reports robust Q1 performance and eyes M&A growth

Uniti Group's Q1 performance showcases revenue growth and strategic focus on expanding fiber infrastructure. Despite challenges related to Sprint's tower decommissioning program, the company remains well-positioned with stable revenue streams and growth opportunities through M&A.

Uniti Group maintains solid performance, eyes M&A for growth

Uniti Group's Q2 performance reflects stability and growth potential in core operations and network expansion.
Strategic focus on regional markets and wholesale revenue provides resilience and growth opportunities.
Challenges lie in managing current economic conditions and balancing growth initiatives with financial stability.
Opportunities abound in achieving free cash flow positivity, M&A diversification, and revenue optimization strategies.

Uniti Group reports solid Q3 performance and explores strategic expansion

Uniti Group's Q3 performance reflects steady growth in core recurring revenue and a disciplined approach to regional expansion. The company is well-positioned to capitalize on the increasing demand for fiber and is actively exploring strategic opportunities for network expansion and financial optimization.

Uniti Group strengthens fiber focus with strategic financing decisions

Uniti Group's Q4 2023 earnings call highlighted strategic refinancing, asset sales, and a focus on fiber projects for growth. Strong industry position with a disciplined approach to revenue generation and network expansion.

Uniti Group announces transformative merger with Windstream, enhancing fiber capabilities

Uniti Group's merger with Windstream marks a significant step towards becoming a premier fiber provider, with operational synergies and financial benefits.
While facing regulatory approval challenges and investor sentiment impacts, the company aims to leverage the merger for strategic growth and enhanced market positioning.
The focus on expanding fiber builds, capitalizing on market opportunities, and driving operational efficiencies underscores Uniti's commitment to long-term value creation.
Overall, Uniti's strategic initiatives post-merger position the company well for future growth and competitive advantage in the evolving fiber infrastructure landscape.

Uniti Group reports solid Q2 performance and eyes merger synergies

Uniti Group's Q2 performance reflects stability, growth, and operational efficiency, positioning the company well for the future.
Strategic strengths in core fiber business, pending merger with Windstream, and focus on financial health offer long-term value.
Challenges in wireless bookings, analyst inquiries, and merger integration require proactive management and clear communication.
Opportunities in hyperscaler bookings, revenue diversification, and merger synergies present avenues for sustained growth and market expansion.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Uniti Group, Inc. is a real estate investment trust company, which engages in the acquisition, construction, and leasing of properties. It operates through the following business segments: Uniti Leasing, Uniti Fiber, and Corporate. The Uniti Leasing segment involves mission-critical communications assets on exclusive or shared-tenant basis, and dark fiber network. The Uniti Fiber segment includes the operation of infrastructure solutions, cell site backhauls, and dark fiber. The Corporate segment consists of office and shared service functions. The company was founded in February 2014 and is headquartered in Little Rock, AR.

Dell Technologies

AT&T

Elliott Management exited AT&T Inc (NYSE: T) in the third quarter of 2020, according to its latest 13F filing. The Paul Singer-founded activist hedge fund sold 5 million AT&T shares in Q3, valued at $151.15 million as of the previous quarter's end.

Activist Investor Elliott Exits AT&T, Buys Uniti, Boosts Dell

The legacy Windstream business is now secured until 2030. Uniti's new business already generates 14% yield.

Uniti: A Fast Growing Story And Covid Resistant

LITTLE ROCK, Ark., Nov. 11, 2020 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its President and Chief Executive Officer, Kenny Gunderman, and Executive Vice President, Chief Financial Officer and Treasurer, Mark Wallace, are scheduled to participate at Nareit's REITworld 2020 Annual Conference. The presentation is scheduled for 12:00 PM ET on November 19, 2020.

Uniti Group Inc. to Present at Nareit's REITworld 2020 Annual Conference

Uniti Group's (UNIT) CEO Kenny Gunderman on Q3 2020 Results - Earnings Call Transcript

Uniti (UNIT) delivered FFO and revenue surprises of 16.67% and -0.84%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Uniti Group (UNIT) Beats Q3 FFO Estimates

Announces Strategic OpCo-PropCo Transaction with Everstream

Uniti Group Inc. Reports Third Quarter 2020 Results

LITTLE ROCK, Ark., Nov. 05, 2020 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti” or the “Company”) (Nasdaq: UNIT) announced today that, in an order dated November 4, 2020, the United States District Court for the District of Delaware has dismissed all claims asserted by SLF Holdings, LLC (“SLF”) in a securities action lawsuit against the Company, Uniti Fiber Holdings Inc. and certain of the Company's current and former officers, in connection with Uniti Fiber's purchase of Southern Light, LLC from SLF in July 2017. The Court's order held that amendment of the complaint would be futile and dismissed SLF's claims with prejudice.

Uniti Group Inc. Securities Litigation Case Dismissed in United States District Court

LITTLE ROCK, Ark., Oct. 12, 2020 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it will report its third quarter 2020 financial results after the close of trading on the Nasdaq Stock Exchange on November 9, 2020. A conference call to discuss those earnings will be held the same day at 4:15 PM Eastern Time.

Uniti Group Inc. To Report Third Quarter 2020 Financial Results and Host Conference Call

LITTLE ROCK, Ark., Oct. 09, 2020 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it has filed a prospectus supplement with the U.S. Securities and Exchange Commission to register the resale of approximately 18.2 million shares of its common stock (the “Shares”). The Shares were previously issued to certain creditors of Windstream in connection with the settlement between Uniti and Windstream. Uniti filed the prospectus supplement to satisfy its obligations under the previously disclosed stock purchase agreements relating to the issuance of the Shares, and the filing of the prospectus supplement is not necessarily indicative of any sales by the holders of the Shares. No shares will be issued or sold by Uniti pursuant to such prospectus supplement.

Uniti Files Prospectus Supplement Solely to Register Resale of Shares Issued in Windstream Settlement

LITTLE ROCK, Ark., Oct. 05, 2020 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it will begin offering nationwide dark fiber services on 31,000 fiber route miles, spanning 35 states across Tier I, II and III markets. Uniti has full ownership and use of this fiber network consisting of 2.2 million fiber strand miles as part of its previously announced settlement agreement with Windstream. Combined with its existing network, Uniti is now able to offer dark fiber services on over 3 million strand miles of fiber. Metro, regional, and long haul fiber will be available in these markets through IRU or lease structures. Conduit infrastructure will also be available in select markets.

Uniti Group Inc. Launches New Nationwide Dark Fiber Services

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Uniti Group (UNIT) Stock?

LITTLE ROCK, Ark., Sept.  28, 2020  (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Executive Vice President, Chief Financial Officer and Treasurer, Mark Wallace, and Senior Vice President, Sales, Joe McCourt, are scheduled to participate in Deutsche Bank’s 28th Annual Leveraged Finance Conference on October 6 & 7, 2020.

Uniti Group Inc. to Participate in Deutsche Bank’s 28th Annual Leveraged Finance Conference

Uniti Group Inc. Announces Effectiveness of Settlement of Litigation with Windstream

Uniti (UNIT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Uniti (UNIT) Upgraded to Buy: Here's Why

Uniti Group Inc. (UNIT) Presents at Bank of America Securities 2020 Media, Communications, and Entertainment Conference (Transcript)

LITTLE ROCK, Ark., Sept.  03, 2020  (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its President and Chief Executive Officer, Kenny Gunderman, and Executive Vice President, Chief Financial Officer and Treasurer, Mark Wallace, are scheduled to participate at the Goldman Sachs 29th Annual Communacopia Conference.  The presentation is scheduled for 8:50 AM ET on September 17, 2020.

Uniti Group Inc. to Present at the Goldman Sachs 29th Annual Communacopia Conference

LITTLE ROCK, Ark., Sept.  03, 2020  (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Executive Vice President, Chief Financial Officer and Treasurer, Mark Wallace, and Vice President, Finance and Investor Relations, Bill DiTullio, are scheduled to participate in the Wells Fargo 9th Annual Virtual Net Lease REIT Forum on September 14, 2020. 

Uniti Group Inc. to Participate in the Wells Fargo 9th Annual Virtual Net Lease REIT Forum

LITTLE ROCK, Ark., Aug.  31, 2020  (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Executive Vice President, Chief Financial Officer and Treasurer, Mark Wallace, and Vice President, Finance and Investor Relations, Bill DiTullio, are scheduled to participate at the Bank of America Securities 2020 Media, Communications, and Entertainment Conference.  The presentation is scheduled for 11:40 AM ET on September 10, 2020.

Uniti Group Inc. to Present at the Bank of America Securities 2020 Media, Communications and Entertainment Conference

Is Uniti Group (UNIT) a great pick from the value investor's perspective right now? Read on to know more.

Is Uniti Group (UNIT) a Profitable Stock to Pick Right Now?

Uniti Group's (UNIT) CEO Kenny Gunderman on Q2 2020 Results - Earnings Call Transcript

LITTLE ROCK, Ark., Aug.  06, 2020  (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti” or the “Company”) (Nasdaq: UNIT) announced today that it has changed the date of its previously announced financial results and conference call to August 10, 2020 at 4:15 PM Eastern Time. 

Uniti Group Inc. Announces Date Change for Second Quarter 2020 Financial Results and Conference Call

LITTLE ROCK, Ark., July  30, 2020  (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its President, Chief Executive Officer, Kenny Gunderman, and Vice President, Finance and Investor Relations, Bill DiTullio, are scheduled to participate at the Cowen 2020 Communications Infrastructure Summit. The presentation is scheduled for 9:20 AM ET on August 12, 2020.

Uniti Group Inc. to Present at Cowen 2020 Communications Infrastructure Summit

LITTLE ROCK, Ark., June  26, 2020  (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) commented today on the order entered by the U.S. Bankruptcy Court for the Southern District of New York approving the Chapter 11 plan of reorganization of Windstream Holdings, Inc. and its subsidiaries (collectively, “Windstream”).  The effectiveness of the plan remains subject to certain conditions precedent, including the consummation of the settlement between Uniti and Windstream and the parties obtaining certain regulatory approvals. 

Uniti Group Inc. Comments on Court Approval of Windstream’s Plan of Reorganization

LITTLE ROCK, Ark., June  02, 2020  (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it has completed the sale of 90% of its U.S. tower business to Melody Investment Advisors LP (“Melody”) for total cash consideration of approximately $220 million. Uniti retains a 10% investment interest in the tower business through an affiliate of Melody.   

Uniti Group Inc. Completes Sale of U.S.

Uniti Group Inc. (UNIT) Management Presents at Cowen 2020 Technology, Media & Telecom Conference (Transcript)

News for Uniti Group Stock (UNIT)