American Tower Corporation (NYSE:AMT) Q2 2024 Earnings Conference Call July 30, 2024 8:30 AM ET Company Participants Adam Smith - Senior Vice President of Investor Relations & FP&A Steve Vondran - President & Chief Executive Officer Rod Smith - Executive Vice President, Chief Financial Officer & Treasurer Conference Call Participants Simon Flannery - Morgan Stanley Michael Rollins - Citi Ric Prentiss - Raymond James David Barden - Bank of America Matt Niknam - Deutsche Bank Jim Schneider - Goldman Sachs Eri ...

AMERICAN TOWER® C O R P O R A T I O N Second Quarter 2024 Earnings Conference Call July 30, 2024 Agenda Introduction Adam Smith Senior Vice President, Investor Relations & FP&A Opening Remarks Steven Vondran President and Chief Executive Officer Rod Smith Executive Vice President, Chief Financial Officer and Treasurer Financial Results Q&A 2 Forward-Looking Statements "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This presentation contains forward-looking statements wit ...

American Tower beat estimates across the board in the second quarter.American Tower (AMT 0.57%) plays a critical role in the telecom industry. The company owns more than 200,000 communications sites globally, including cell towers that enable wireless carriers to extend the reach of their networks.Some wireless carriers operate their own towers, as well, but it's becoming less common. Verizon, for example, is reportedly exploring a sale of thousands of U.S. towers in a deal that could raise $3 billion. The ...

American Tower (AMT) came out with quarterly funds from operations (FFO) of $2.79 per share, beating the Zacks Consensus Estimate of $2.53 per share. This compares to FFO of $2.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 10.28%. A quarter ago, it was expected that this wireless communications infrastructure company would post FFO of $2.55 per share when it actually produced FFO of $2.79, delivering a surprise of 9.41%.Over t ...

Exhibit 99.1 (1) Contact: Adam Smith Senior Vice President, Investor Relations and FP&A Telephone: (617) 375-7500 AMERICAN TOWER CORPORATION REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS CONSOLIDATED HIGHLIGHTS Second Quarter 2024 ● Total revenue increased 4.6% to $2,900 million ● Property revenue increased 4.6% to $2,853 million ● Net income increased 96.8% to $908 million ● Adjusted EBITDA increased 8.1% to $1,890 million ● Net income attributable to AMT common stockholders increased 89.3% to $900 million ...

American Tower Corporation (AMT) is scheduled to release second-quarter 2024 results on Jul 30 before the opening bell. The quarterly results are expected to reflect year-over-year growth in revenues and funds from operations (FFO) per share.In the last quarter, American Tower reported an adjusted FFO per share of $2.79, which beat the consensus mark by 9.41%. The quarterly results reflected better-than-anticipated revenues, aided by revenue growth across its Property segment. Over the preceding four quarte ...

In its upcoming report, American Tower (AMT) is predicted by Wall Street analysts to post quarterly earnings of $2.53 per share, reflecting an increase of 2.9% compared to the same period last year. Revenues are forecasted to be $2.81 billion, representing a year-over-year increase of 1.2%.The consensus EPS estimate for the quarter has undergone a downward revision of 0.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their init ...

American Tower Corp. (AMT, Financial) is known as a good stock for long-term holding. Legendary value investor Chuck Akre (Trades, Portfolio)'s firm has owned this stock for more than 15 years in his fund portfolio. Currently, Akre Capital Management holds nearly 6.20 million shares of the company, representing nearly 8.60% of its equity portfolio. But the stock has done badly in the last three years, down 30.40%, making shareholders disappointed. Let's take a closer look to determine whether American Tower ...

American Tower (AMT) closed at $213.12 in the latest trading session, marking a +1.41% move from the prior day. The stock outpaced the S&P 500's daily loss of 1.39%. Elsewhere, the Dow saw an upswing of 0.6%, while the tech-heavy Nasdaq depreciated by 2.77%.The the stock of wireless communications infrastructure company has risen by 9.01% in the past month, leading the Finance sector's loss of 0.08% and the S&P 500's gain of 4.43%.The upcoming earnings release of American Tower will be of great interest to ...

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