ATN International Reports Q3 2026 Earnings with Increased Net Income and Improved Leverage
ATN International (ATNI) reported third-quarter 2026 revenue of $183.2 million, remaining stable as growth in the International Telecom segment offset the financial impact of the US Tower Portfolio Sale. The company saw a significant increase in net income attributable to stockholders, rising to $18.6 million from $4 million in the prior-year period, driven by higher operating income and a discrete tax benefit. The sale of US tower assets has significantly strengthened the company's balance sheet, reducing the net leverage ratio from 2.36x at the end of 2025 to 0.94x. Cash and liquidity also saw a substantial increase, reaching $351.5 million as of September 30, 2026. Despite these gains, management noted challenges including heightened competition in broadband and mobile services, as well as infrastructure instability in the U.S. Virgin Islands.
Topics: Debt Reduction EBITDA EPS Net Income Revenue Growth