财务数据和关键指标变化 - 公司第二季度实现了4.7%的有机增长,其中塔业务增长4.4%、小型基站增长11%、光纤解决方案增长3.2% [20] - 公司预计全年有机增长2%,不包括Sprint取消的影响则为5%,其中塔业务增长4.5%、小型基站增长15%、光纤解决方案增长2% [22] - 公司预计2024年AFFO增长105百万美元,不包括Sprint取消和非现金摊销的影响 [23] - 公司第二季度末净负债率为5.9倍EBITDA,剔除非经常性费用后为5.7倍 [24] 各条业务线数据和关键指标变化 - 塔业务:预计未来几年增长率将高于4.5%,主要由于与主要客户的全面许可协议、行业对数据需求的预期以及公司提供更优质共享基础设施解决方案的能力 [10][11] - 小型基站业务:公司将减少建设锚节点,但仍预计未来几年收入可实现双位数增长 [12][13] - 光纤解决方案业务:公司将集中销售现有光纤周边的机会,预计未来每年可实现3%的有机收入增长 [13][14] 各个市场数据和关键指标变化 - 公司未具体披露各个市场的数据和指标变化情况 公司战略和发展方向及行业竞争 - 公司正在进行光纤业务的战略评估,与多方就光纤和小型基站业务进行洽谈 [15][16] - 公司正在推进业务转型,包括优化人员、完善业务流程和改善系统,以提高运营效率和客户服务水平 [39][40][41] - 公司认为行业未来数据需求增长将持续推动通信基础设施投资,5G建设仍有大量工作要做 [10] 管理层对经营环境和未来前景的评论 - 管理层对公司未来几年的增长前景保持乐观,认为公司有望获得更高的市场份额 [36][37][38] - 管理层表示正在与员工沟通公司的变革计划,员工普遍认识到需要持续改进以保持行业领先地位 [17][18] 其他重要信息 - 公司将从第四季度开始调整下一年度业绩指引的时间,以更好地与行业惯例保持一致 [27] - 公司实施了成本和资本支出的优化措施,预计2024年可实现约60百万美元的年度成本节约和300百万美元的资本支出减少 [15][25] 问答环节重要的提问和回答 问题1 **Simon Flannery 提问** 询问公司未来资本支出的预期水平和杠杆率目标 [29][30] **Daniel Schlanger 回答** 公司未来资本支出水平将取决于业务机会,目标杠杆率为5倍EBITDA [31][32] 问题2 **Michael Rollins 提问** 询问公司在塔业务方面采取的具体措施以提高市场份额 [36][37] **Steven Moskowitz 回答** 公司正在推进业务转型,包括优化人员、完善业务流程和改善系统,以提高运营效率和客户服务水平 [39][40][41] 问题3 **David Barden 提问** 询问公司在小型基站业务的投资回报率目标 [44][45] **Daniel Schlanger 回答** 公司提高了小型基站业务的投资回报率目标,具体数字尚未确定 [46][47]

For the quarter ended June 2024, Crown Castle (CCI) reported revenue of $1.63 billion, down 12.9% over the same period last year. EPS came in at $1.62, compared to $1.05 in the year-ago quarter.The reported revenue represents a surprise of +0.18% over the Zacks Consensus Estimate of $1.62 billion. With the consensus EPS estimate being $1.65, the EPS surprise was -1.82%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

Crown Castle (CCI) came out with quarterly funds from operations (FFO) of $1.62 per share, missing the Zacks Consensus Estimate of $1.65 per share. This compares to FFO of $2.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -1.82%. A quarter ago, it was expected that this operator of wireless communications towers would post FFO of $1.71 per share when it actually produced FFO of $1.72, delivering a surprise of 0.58%.Over the las ...

业绩总结 - 公司在2024年第二季度实现了符合预期的业绩，保持在达到2024年展望的轨道上[7] - 小区塔有机增长率为4.5%，小区蜂窝有机增长率为10%，光纤解决方案有机增长率为2%[8] - 公司在2024年6月宣布了光纤业务的运营变化，并表示光纤战略审查仍在进行中[9]

Exhibit 99.2 Supplemental Information Package and Non-GAAP Reconciliations Second Quarter • June 30, 2024 The pathway to possible. CrownCastle.com Crown Castle Inc. Second Quarter 2024 1 TABLE OF CONTENTS | --- | --- | |-----------------------------------------------------------------------------------------|-------| | | Page | | Company Overview | | | Company Profile | 3 | | Strategy | 3 | | General Company Information | 4 | | Asset Portfolio Footprint | 4 | | Historical Common Stock Data | 4 | | Annualize ...

HOUSTON, July 17, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE:CCI) ("Crown Castle") today reported results for the second quarter ended June 30, 2024 and maintained its full year 2024 outlook, as reflected in the table below. (dollars in millions, except per share amounts)Current Full Year 2024 Outlook(a)Full Year 2023 ActualChange% ChangeSite rental revenues$6,340$6,532$(192)(3)%Net income (loss)$1,158$1,502$(344)(23)%Net income (loss) per share—diluted$2.67$3.46$(0.79)(23)%Adjusted EBITDA(b)$4,168$4, ...

Crown Castle (CCI) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual invest ...

In its upcoming report, Crown Castle (CCI) is predicted by Wall Street analysts to post quarterly earnings of $1.65 per share, reflecting a decline of 19.5% compared to the same period last year. Revenues are forecasted to be $1.62 billion, representing a year-over-year decrease of 13.1%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during thi ...

One key principle of long-term investing is letting your winners run. Charlies Munger reiterated this idea in his famous maxim; “The first rule of compounding: Never interrupt it unnecessarily.” This approach works with long-term stocks, especially those with durable competitive advantages.The following long-term stocks are well-positioned to deliver attractive shareholder returns for decades. First, they are on a solid financial footing with robust balance sheets. This stability is essential, especially in ...

文章核心观点 - 尽管电信行业被视为增长缓慢,但许多电信股票目前被严重低估,为投资者提供了有吸引力的机会 [1][2] - 文章选择了3只具有潜力的电信股票,包括传统电信运营商和一家电信基础设施REIT公司 [2] - 这些公司具有稳定的现金流、抗衰退能力,同时也有资本增值潜力和吸引人的股息收益率 [2] 维尔森通信(Verizon) - 维尔森股价在过去一年涨幅约17%,但仍处于近10年低位,显得被严重低估 [4] - 公司最新一季度业绩保持稳健,收入同比增长0.3%,无线业务收入增长3.3% [5] - 调整后EBITDA增长1.4%,自由现金流增长16%,足以支撑公司的高额股息 [5][6] - 尽管公司负债较重,但基本面表现良好,股息可靠,是电信行业的不错选择 [6] 宪特通信(Charter Communications) - 作为美国第二大有线电视运营商,宪特通信拥有显著的竞争优势 [9][10] - 公司维持稳定的现金流,得益于持续的用户增长和出色的客户保留率 [10] - 公司债务负担较重是一大挑战,但最近已停止新增债务,专注于降杠杆 [11] - 目前股价仅9.1倍预期市盈率,估值很有吸引力 [11] 皇冠城堡(Crown Castle) - 作为美国领先的电信基础设施提供商,皇冠城堡以REIT的形式运营 [13] - 近年来股价下跌,主要受到利率上升的影响,目前股息收益率达6.5% [14] - 随着公司业绩增长,估值处于多年低位,仅14倍预期自由现金流 [15] - 公司业务模式具有防御性,与主要电信运营商有长期合作关系 [15]