Q: Hi 5i, thoughts on quarterly release pls and thx. Numbers look OK, and their capx seems to be decreasing. Is due to them nearing completion of 5g build out? If so this company should turn into a cash flow machine to pay down debt and other shareholder friendly moves.
5i Research Answer:
EPS of 28c beat estimates of 24c; revenue of $5.099B beat estimates of $5.03B. EBITDA of $1.84B matched estimates. The dividend was raised 3.4%. Revenue rose 1.8%. Guidance was largely maintained, though revenue outlook is slightly below the prior range. Full year capex is expected at $2.6B. Customer adds were 347,000. Capex did decline 13% with most of the drop related to TIXT. The 5G buildout still has more spending but should be close to completion soon. Investors should be relatively pleased here.