ATN International reported third quarter 2026 revenue of $183.2 million, missing analyst estimates of $184.9 million, while delivering a significant EPS beat at $1.09. The results reflect the impact of the U.S. Tower Portfolio Sale, which bolstered the cash position and allowed the company to improve its net leverage ratio to 0.94x. Operating income grew 32% year-over-year to $12.9 million, primarily benefiting from lower depreciation and amortization expenses.
Key Highlights
- Net leverage ratio improved to 0.94x from 2.36x at the end of 2025, following the receipt of $267.7 million in initial cash proceeds from tower asset sales.
- International Telecom revenue grew 2% to $96.9 million, as mobility and carrier services growth offset the loss of a government subsidy.
- Management updated its full-year 2026 Adjusted EBITDA guidance to the high end of, or modestly above, the previously stated range of $183 million to $193 million.