Shenandoah reports Q3 EPS (13c), consensus (7c)

Reports Q3 revenue $87.6M, consensus $88.8M. “We had a record quarter for Glo Fiber net additions and revenue driving top line revenue growth.” said President and CEO, Christopher French. “We made great progress with the integration of our Horizon acquisition, converting four of the six Horizon back-office systems to-date with clear line of sight to finish the integration in early 2025. We now expect to realize $11 million in annual synergy savings. We expect Glo Fiber and synergies will be key growth catalysts in 2025 and drivers of margin expansion.”