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Stock impact report

Shenandoah Telecommunications Company Reports First Quarter 2020 Results

Shenandoah Telecommunications Co (SHEN) 
Last shenandoah telecommunications co earnings: 4/30 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.shentel.com
Company Research Source: GlobeNewswire
EDINBURG, Va., April 30, 2020 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (“Shentel”) (Nasdaq: SHEN) announced first quarter 2020 financial and operating results. First Quarter 2020 Highlights Generated $36.0 million in normalized free cash flow and $61.1 million in operating cash flow.Ended the quarter with $195.2 million of liquidity.Broadband revenues and Adjusted OIBDA increased 6.2%, and 4.3%, respectively.  Operating income was flat with prior year.Launched Glo Fiber into three new markets increasing homes passed to over 5,000. "Although we do not operate in the densely populated urban markets most affected, the COVID-19 crisis began to affect our operating and financial results during the latter part of the first quarter of 2020," said President and CEO, Christopher E. French. “These effects were not material to our overall first quarter performance, but our postpaid gross additions decreased as a result of the temporary closure, beginning in the middle of Ma Show less Read more
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