The earnings call presented a mix of significant achievements and challenges. Key positive developments include the strategic sale of the Fiber segment and successful cost reductions. However, these were offset by a substantial goodwill impairment and anticipated Sprint churn impacts. Overall, the sentiment is balanced.
Company Guidance
During the Crown Castle Fourth Quarter 2024 Earnings Conference Call, the company provided guidance for the upcoming year, emphasizing its strategic transition following the sale of its Fiber segment to EQT Active Core Infrastructure fund and Zayo Group Holdings. The transaction, expected to close in the first half of 2026, is set to transform Crown Castle into a focused U.S. tower company. For 2025, Crown Castle anticipates 4.5% organic growth in towers, excluding Sprint churn, driven by steady demand from wireless carriers. The company aims to enhance shareholder value by reducing debt, managing capital expenditures between $150 million and $250 million annually, and repurchasing shares, with a planned $3 billion buyback following the transaction's completion. Crown Castle also plans to adjust its dividend to approximately $4.25 per share, aligning it with 75% to 80% of its AFFO excluding prepaid rent amortization. The company is targeting an investment-grade credit rating with a leverage ratio between 6 and 6.5 times.
Definitive Agreement to Sell Fiber Segment
Crown Castle announced an agreement to sell its Fiber segment to EQT Active Core Infrastructure fund and Zayo Group Holdings. The transaction is expected to close in the first half of 2026, enhancing the company's focus on its tower business.
Cost Reductions Achieved
The company achieved structural reductions in operating costs of $100 million annually and reduced net CapEx by $200 million against the revised 2024 forecast and $400 million against the original 2024 guidance.
Strong Organic Growth in Small Cells
Crown Castle delivered 12% organic growth in small cells, driven by adding over 12,500 revenue-generating nodes in 2024, the highest level of incremental annual node production in the company's history.
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Crown Castle (CCI) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CCI Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Mar 13, 2025
$93.52
$103.22
+10.37%
Oct 16, 2024
$111.97
$108.17
-3.39%
Jul 17, 2024
$100.90
$100.34
-0.56%
Apr 17, 2024
$87.49
$88.73
+1.42%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Crown Castle (CCI) report earnings?
Crown Castle (CCI) is schdueled to report earning on Apr 16, 2025, TBA Not Confirmed.
What is Crown Castle (CCI) earnings time?
Crown Castle (CCI) earnings time is at Apr 16, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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