Consolidated Communications Announces Second Quarter 2024 Financial Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 06 2024
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Source: Businesswire
Financial Performance: Consolidated Communications reported a revenue of $268.7 million for Q2 2024, with a net loss of $66.7 million, an improvement from a loss of $119 million in the same quarter last year. Adjusted EBITDA was $84.2 million, and total capital expenditures were $102.7 million.
Pending Acquisition: The company is set to be acquired by Searchlight Capital Partners and British Columbia Investment Management Corporation in an all-cash transaction valued at approximately $3.1 billion, expected to close in late 2024 or early 2025, which will take the company private.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
