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Stock impact report

Shenandoah Telecommunications Company Reports Fourth Quarter and Full Year 2024 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., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (“Shentel”) (Nasdaq: SHEN) announced fourth quarter and full year 2024 financial and operating results. 2024 Highlights Glo Fiber Expansion Markets data customers grew 56% year-over-year to over 65,000.Glo Fiber Expansion Markets passings grew by approximately 112,400, or 48%, to approximately 346,000.Glo Fiber Expansion Markets revenue grew 65% or $22.8 million to $57.9 million.Completed the integration of Horizon Telcom (“Horizon”) in the fourth quarter. Annual run-rate synergy savings expected to reach $13.8 million by the beginning of second quarter 2025. “2024 was a pivotal year as we successfully expanded into Ohio through our acquisition of Horizon, completed the integration in nine months and raised our synergy target by over $4 million from our original projection.” said President and CEO, Christopher E. French. “This was also a record year for construction and sales with the addition Show less Read more
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