Consolidated Communications reports Q3 EPS (33c), consensus (46c)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2024
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Q3 Financial Performance: The company reported Q3 revenue of $271.1 million, slightly above the consensus estimate, with a decrease in costs by $16.3 million due to various cost-saving initiatives.
Debt and Interest Expenses: Net interest expense rose to $44.9 million, attributed to borrowings on a revolving credit facility, while 71% of total outstanding debt is fixed-rate through September 2026, with a weighted average cost of debt at 7.09%.
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.
