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Cable One, Inc. (symbol: CABO) is a prominent telecommunications company offering a suite of services designed to meet the needs of both residential and business customers. With a primary focus on providing high-speed internet, business phone service, and cable TV, Cable One ensures that its clients have access to reliable and scalable solutions.
The company's revenue is predominantly derived from subscription-based data and video services, which are billed monthly. This model guarantees a steady income stream and allows Cable One to continually invest in enhancing its service offerings. One of the company's notable products is Sparklight TV, an internet protocol-based (IPTV) video service that enables customers to stream video channels directly from the cloud using the Sparklight TV app.
In addition to its core services, Cable One generates advertising revenue by selling airtime on its video channels, further diversifying its income. The company's voice services, delivered over Internet protocols, add another layer of value to its comprehensive telecommunications portfolio.
Cable One owns and maintains its telecommunications infrastructure, ensuring top-notch service delivery and reliability. This infrastructure supports the company's wide range of offerings, including fiber-optic solutions, which provide businesses with the high-speed connectivity they need to thrive in today's digital landscape.
Recently, Cable One has made significant strides in expanding its service reach and enhancing customer satisfaction through various strategic initiatives and partnerships. These efforts underscore the company's commitment to staying at the forefront of the telecommunications industry.
For more information about Cable One's business services, visit www.cableone.net/business or call 1-855-692-4145.
Cable One was recently awarded the title of Corporate Social Responsibility Operator of the Year by Cablefax Magazine, recognizing its significant contributions to education, community strengthening, and quality of life improvement across its 24-state operational footprint. Notable initiatives include the Charitable Giving Fund, with $250,000 in annual grants, and the donation of nearly 3,000 Chromebooks to Title I schools. Cable One serves over 1.1 million customers, providing advanced connectivity solutions and entertainment services, while actively supporting various social causes.
Cable One has authorized a new stock repurchase program of up to
The Board of Directors of Cable One (NYSE: CABO) has declared a quarterly cash dividend of $2.75 per share. This dividend is payable on June 17, 2022 to stockholders of record as of May 31, 2022. As a leading broadband communications provider, Cable One serves over 1.1 million customers across 24 states, offering services like Gigabit speeds and advanced WiFi through its Sparklight brand. The company's commitment to connectivity positions it well for growth and shareholder returns.
Cable One has awarded $30,000 to ten schools and organizations for STEM projects, enhancing student learning in science, technology, engineering, and math. Each recipient will receive $3,000 to support various initiatives, such as robotics and coding programs, across its 24-state service area. Over the past three years, the company has allocated more than $80,000 for similar projects through its Dream Bigger campaign. The awards encourage schools to foster innovation and technology skills among students.
Cable One (NYSE: CABO) reported its Q1 2022 results, showcasing a 25% revenue increase to $426.7 million, aided by acquisitions of Hargray and CableAmerica. Net income surged 150% to $171.5 million, driven by substantial contributions from these Acquired Operations. Residential data revenue rose 25.4%, and the net profit margin stood at 40.2%. The company also executed a share buyback of 47,800 shares for $69.7 million, despite a rise in operating expenses to $119.4 million, largely due to the acquired operations. Cash on hand decreased slightly to $368.2 million, maintaining a debt level of approximately $3.9 billion.
On May 5, 2022,
Cable One (NYSE: CABO) announces the appointment of Todd Koetje as Chief Financial Officer, effective
Cable One, Inc. (NYSE: CABO) reported significant growth in revenues for Q4 2021, reaching $432.6 million, up 28.5% year-over-year. Residential data and business services revenues rose 27.6% and 46.2% respectively. However, net income fell to $64.8 million, a 39.0% decrease due to a prior year gain of $82.6 million. The company's adjusted EBITDA increased 25.9% to $225.3 million. For 2021, total revenues hit $1.6 billion, a 21.2% increase, but net income dropped 4.1% to $291.8 million. The acquisition of CableAmerica for $113.1 million is expected to enhance growth.
Cable One (NYSE: CABO) will hold a conference call on February 24, 2022, at 5 p.m. ET to discuss its Q4 and full year 2021 results. A press release will be issued after market close on the same day. The call can be accessed via a live audio webcast at the Cable One Investor Relations website or by dialing 1-844-200-6205 (International: 1-646-904-5544) with access code 268589. A replay will be available from February 24 to March 10, 2022.
The Board of Directors of Cable One (NYSE: CABO) has announced a quarterly cash dividend of $2.75 per share. This dividend is payable on March 4, 2022, to stockholders of record as of February 15, 2022. Cable One is a leading broadband provider serving over 1.1 million residential and business customers across 24 states with services including Gigabit speeds and advanced WiFi.
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