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Stock impact report

Consolidated Communications Announces Second Quarter 2024 Financial Results

Consolidated Communications Holdings, Inc. (CNSL) 
Last consolidated communications holdings, inc. earnings: 8/1 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.consolidated.com
Company Research Source: Business Wire
MATTOON, Ill.--(BUSINESS WIRE)--Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) (the “Company” or “Consolidated”), a top 10 fiber provider in the U.S., today reported results for second quarter 2024.Second Quarter 2024 ResultsRevenue totaled $268.7 millionOverall consumer revenue was $112.7 millionConsumer fiber broadband revenue was $45.4 millionTotal consumer broadband net adds were 3,6701Consumer broadband revenue was $81.4 millionCommercial data services revenue was $54.6 millionCarrier data-transport revenue was $30.3 millionNet loss was ($66.7 million). Adjusted EBITDA was $84.2 millionTotal committed capital expenditures were $102.7 millionCost of services and products and selling, general and administrative expenses collectively decreased $3.2 million versus the prior year largely due to lower video programming costs, a reduction in contract labor costs, and lower salaries driven by certain cost savings initiatives. The decrease was partly offset by higher profes Show less Read more
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