Q1 2025 Uniti Group Inc Earnings Call Transcript
Key Points
- Uniti Group Inc (UNIT) reported strong first-quarter performance with mid-single-digit top-line growth and high-single-digit adjusted EBITDA growth.
- The company reiterated its full-year revenue, adjusted EBITDA, and AFFO guidance, indicating confidence in its financial outlook.
- Uniti Group Inc (UNIT) is making significant progress in expanding its fiber network, with plans to double the number of homes passed with fiber by the end of 2025.
- The merger with Windstream received overwhelming shareholder approval, with 97% of voting shareholders in favor, and is on track to close in the second half of the year.
- The company is experiencing strong demand from wireless carriers and hyperscalers, with bookings almost doubling compared to the same quarter last year.
- The company faces potential risks from proposed tariff changes, although it currently anticipates little to no effect on its business.
- There is increased volatility in capital markets and a risk of recession, which could impact the company's financial performance.
- Non-recurring revenue at Uniti Fiber was lower than expected due to a delay in a $4 million one-time sale of fiber to a government customer.
- The cost of capital has been volatile, although it remains better compared to levels prior to the merger announcement with Windstream.
- The company is still in a large investment period for learning models, which may not be fully reflected in current bookings.
(technical difficulty) good morning to discuss Uniti's first-quarter 2024 (technical difficulty) and I'll be your operator for today. Today's call is being recorded, and a webcast will be available on the company's investor relations website, investor.uniti.com, beginning today and will remain available for 365 days. (Operator Instructions)
It is now my pleasure to introduce Bill DiTullio, Uniti's Senior Vice President of Investor Relations and Treasury. Please begin.
Good morning, everyone, and thank you for joining today's conference call to discuss Uniti's first-quarter 2025 results. Speaking on the call today will be Kenny Gunderman, our CEO; and Paul Bullington, Uniti's CFO.
Before we get started, I would like to quickly cover our Safe Harbor statement. Please note that today's remarks may contain forward-looking statements.
These statements include, but are not limited to, statements about our 2025 outlook; expectations regarding lease-up of our
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