$AMT (American Tower Corporation)

$AMT {{ '2015-07-29T13:48:44+0000' | timeago}} • Webcast

$AMT 2Q15 Q&A: Prentiss of Raymond James asked about AFFO guidance increase. Thomas answered that on EBITDA side with adjusted updated outlook, there is $22MM of outperformance there, of which $17MM is cash. Actually generated some sizable interest savings and cash taxes is up a little bit vs. prior outlook to net to $15MM.

$AMT {{ '2017-04-27T14:29:25+0000' | timeago}} • Announcement

During 1Q17, $AMT resumed its stock repurchase program and repurchased approx 1.9MM shares of its common stock for approx $225MM. Subsequent to the end of 1Q17, $AMT repurchased about 1.7MM additional shares of its common stock pursuant to the program, for approx $213MM.

$AMT {{ '2017-04-27T14:27:15+0000' | timeago}} • Announcement

For FY17, $AMT raised its outlook for property revenue, net income, adjusted EBITDA and adjusted FFO. It now expects property revenue between $6.41Bil and $6.59Bil, and net income in the range of $1.30-1.38Bil. While adjusted EBITDA is expected between $3.98Bil and $4.08Bil,  adjusted FFO is predicted to be in the range of $2.76-2.85Bil.

$AMT {{ '2017-04-27T14:19:58+0000' | timeago}} • Announcement

$AMT posted 25.4% increase in 1Q17 revenue to $1.61Bil, helped by 25% growth in property revenue. Net income rose to $289.3MM, or $0.67 per share, compared to $248.3MM, or $0.58 per share in 1Q16. Adjusted EBITDA increased 19.8% to $998MM and Adjusted FFO rose 19.7% to $721MM.

$AMT {{ '2017-02-27T15:36:49+0000' | timeago}} • Infographic

$AMT American Tower Corp. Earnings AlphaGraphics: Q4 2016 Highlights

$AMT {{ '2017-02-27T14:08:26+0000' | timeago}} • Webcast

$AMT projects CapEx for 2017 to be $850MM at the midpoint. The company expects to build around 3,000 sites during 2017, primarily in international markets. The company said it will build around 1,000 site more than 2016, and expects new site construction to accelerate compared to the prior year across nearly all of its international markets.

$AMT {{ '2017-02-27T13:53:42+0000' | timeago}} • Webcast

For 2017, $AMT expects organic Tenant Billings on a dollar basis to increase by more than 15%, resulting in re-acceleration of U.S. organic Tenant Billings growth rate to approx. 6%. In international market, the company projects organic Tenant Billings growth of around 10% for 2017.

$AMT {{ '2017-02-27T13:47:07+0000' | timeago}} • Webcast

$AMT's international organic Tenant Billings growth more than doubled than U.S. in 4Q16, coming in at about 13.5%. This was the seventh consecutive quarter of double-digit international organic Tenant Billings growth, supported by significant network spending by tenants across portfolio, said the company.

$AMT {{ '2017-02-27T12:55:43+0000' | timeago}} • Announcement

For 2017, $AMT expects revenue to be $6.21-6.39Bil, representing a midpoint growth of 10.3%. Net income is expected to be $1.175-1.245Bil and consolidated AFFO is expected to be $2.7-2.8Bil. The company believes that increases in smartphone penetration and monthly data consumption will in turn result in continued network investment in 2017.

$AMT {{ '2017-02-27T12:45:14+0000' | timeago}} • Announcement

$AMT's net income was up by 5.1% to $233MM or $0.47 in 4Q16 compared with $222MM or $0.48 per share in the prior year quarter. Revenue rose 20.3% to $1.54Bil. Consolidated AFFO per share grew 19.7% to $1.52.

$AMT {{ '2016-10-27T21:31:22+0000' | timeago}} • Webcast

$AMT formed a strategic joint venture with PGGM in Europe. This JV will help the company to explore, evaluate, and potentially invest in new market opportunities in Europe. At closing, $AMT will contribute its German assets into ATC Europe, and PGGM will acquire a 49% interest in this entity. $AMT will retain operational control of the business.

$AMT {{ '2016-10-27T21:24:22+0000' | timeago}} • Webcast

For 2016, $AMT expects slightly lower tenant billings growth in India compared to the prior outlook. Indian carriers are temporarily pausing some of their activities and they are waiting for the recent spectrum auction to conclude.

$AMT {{ '2016-10-27T21:09:00+0000' | timeago}} • Webcast

$AMT reported that demand trends in the U.S. remain steady with carriers actively spending to augment their 4G networks. The company expects geographic tenant and technological diversification built into its business model will continue to drive strong growth rate internationally. Since 3Q15, $AMT added nearly 46,000 sites.

$AMT {{ '2016-10-27T12:43:50+0000' | timeago}} • Announcement

$AMT lifted its net income and property revenue outlook for 2016. Net income is now expected to be $0.995-1.025Bil compared to the previous range of $0.965-1.025Bil. Property revenue is expected to be $5.685-5.735Bil compared to the previous range of $5.615-5.705Bil. Consolidated adjusted funds from operations is expected to be $2.455-2.485Bil.

$AMT {{ '2016-10-27T12:33:21+0000' | timeago}} • Announcement

$AMT's revenue in 3Q16 rose 22.4% to $1.515Bil compared to a year ago, helped by increased investment by wireless carriers. Property revenue rose 23.5% to $1.498Bil. Consolidated AFFO (Adjusted Funds from Operations) increased 14.9% to $641MM or $1.49 per share.

$AMT {{ '2016-10-27T12:21:43+0000' | timeago}} • Announcement

$AMT reported a jump in its 3Q16 profit. Net income attributable to common stockholders rose 212% to $238MM and diluted EPS rose 206% to $0.55 compared to 3Q15. Growth rate includes the impact of unrealized foreign currency losses of approx. $78MM in 3Q15 and a one-time cash tax charge of approx. $93MM as part of a tax election recorded in 3Q15.

$AMT {{ '2016-07-28T19:18:19+0000' | timeago}} • Webcast

$AMT expects organic tenant billings growth of about 5.5-6.0% in the US for the year 2016. Internationally, the company expects organic tenant billings growth of nearly 14% supported by especially strong trends in markets like Mexico, Nigeria and Uganda. On a consolidated basis, organic tenant billings growth is expected to be nearly 8% in 2016.

$AMT {{ '2016-07-28T19:14:30+0000' | timeago}} • Webcast

$AMT said as of the end of 2Q16, its net leverage ratio was 5.3 times net debt to annualized 2Q16 adjusted EBITDA, with liquidity of over $3Bil. The company expects to end the year 2016 at 5 times net debt or below, and longer term its target leverage range remains between 3 and 5 times.

$AMT {{ '2016-07-28T19:07:04+0000' | timeago}} • Webcast

$AMT declared a common stock dividend of $0.53 a share, which was up over 20% from the prior year period. Given the close of its Viom transaction in late April 2016, the company's teams in India are integrating the more than 42,000 towers that it added to its portfolio with that acquisition.

$AMT {{ '2016-07-28T19:04:33+0000' | timeago}} • Webcast

$AMT said its effective tax rate during 2Q16 was over 18% and included an income tax reserve related to its Viom transaction. For the year 2016, the company now expects its effective tax rate will be in the low double digits. Consolidated adjusted funds from operations grew by over 10% to approx. $592MM or $1.38 per diluted share.

$AMT {{ '2016-07-28T13:03:50+0000' | timeago}} • Announcement

For full-year 2016 $AMT is raising its midpoint guidance of property revenue, adjusted EBITDA and consolidated AFFO by $10MM, $15MM and $15MM, respectively. The company is reducing the midpoint guidance of net income by $70MM mainly as a result of increased expected depreciation and amortization expense for full-year 2016.

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