Earnings Call Summary | COGECO COMMUNICATIONS INC(CGEAF.US) Q2 2024 Earnings Conference
Earnings Call Summary | COGECO COMMUNICATIONS INC(CGEAF.US) Q2 2024 Earnings Conference
The following is a summary of the Cogeco Communications Inc. (CGEAF) Q2 2024 Earnings Call Transcript:
以下是Cogeco Communications Inc.（CGEAF）2024年第二季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Cogeco Communications reported a 1.4% increase in revenue in Canada due to the Oxio acquisition and a higher Internet service customer base.
In the US, Breezeline's revenue fell by 2.8% primarily due to reduced video subscriptions.
Consolidated EBITDA dropped by 1% due to heightened corporate costs, however, adjusted EBITDA increased slightly for both businesses.
The company predicts consolidated revenue to go up in the low single-digit range in Q3, with adjusted EBITDA similar to prior year's outcomes.
The quarter saw a capital intensity of 23.4% and a net debt to EBITDA ratio of 3.5. A dividend of $0.854 per share was announced for the quarter.
Cogeco Communications報告稱，由於收購Oxio和互聯網服務客戶群的增加，加拿大的收入增長了1.4％。
在美國，Breezeline的收入下降了2.8％，這主要是由於視頻訂閱量的減少。
由於公司成本上漲，合併息稅折舊攤銷前利潤下降了1％，但是，兩項業務的調整後息稅折舊攤銷前利潤均略有增加。
該公司預計，第三季度合併收入將在較低的個位數區間內增長，調整後的息稅折舊攤銷前利潤與去年的業績相似。
本季度的資本密集度爲23.4％，淨負債與息稅折舊攤銷前利潤的比率爲3.5。宣佈本季度股息爲每股0.854美元。
Business Progress:
業務進展：
Cogeco announced the acquisition of the Niagara Regional Broadband Network in Q2, thereby expanding its B2B presence.
Approximately 19,000 homes were added in Q2, indicating growth.
Breezeline Mobile is set to launch in the US in spring, offering customers mobile data packages.
Negotiations for MVNO access continue in Canada, aimed at providing wireless options for customers.
Digital solutions and multi-platform audio content have facilitated growth in advertising sales.
Expansion of the Canadian Internet customer base by 8,900 and continuation of the US fiber network expansion progam are indicative of steady growth.
The company has an optimized capital expenditure plan, expecting to land at the lower end of the projected range of $700 million to $775 million.
Brand growth initiative includes occasional mass media advertisements, with no significant alterations intended for out-of-footprint product offerings.
MVNO offering negotiations continue in Canada, with more progress anticipated in the coming periods.
Cogeco在第二季度宣佈收購尼亞加拉地區寬帶網絡，從而擴大其B2B業務。
第二季度增加了約19,000套住房，這表明了增長。
Breezeline Mobile定於春季在美國推出，爲客戶提供移動數據套餐。
加拿大有關移動虛擬網絡運營商接入的談判仍在繼續，旨在爲客戶提供無線選項。
數字解決方案和多平台音頻內容促進了廣告銷售的增長。
加拿大互聯網客戶群擴大了8,900人，美國光纖網絡擴張計劃的延續，都表明了穩步增長。
該公司制定了優化的資本支出計劃，預計將降至7億美元至7.75億美元預計區間的較低水平。
品牌增長計劃包括偶爾發佈的大衆媒體廣告，沒有針對佔地面積不足的產品進行重大更改。
加拿大繼續進行移動虛擬網絡運營商的發售談判，預計未來將取得更多進展。
More details: COGECO COMMUNICATIONS INC IR
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譯文內容由第三人軟體翻譯。