WideOpenWest, Inc. (NYSE:WOW) Q1 2024 Earnings Call Transcript May 7, 2024
WideOpenWest, Inc. misses on earnings expectations. Reported EPS is $-0.18439 EPS, expectations were $-0.15. WOW isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here).
Operator: Thank you for standing by. My name is Dee, and I will be your conference operator today. At this time, I would like to welcome everyone to the WideOpenWest First Quarter 2024 Earnings Call. I would now like to turn the call over to Andrew Posen, Vice President, Head of Investor Relations. Please go ahead.
Andrew Posen: Good morning, everyone, and thank you for joining our first quarter 2024 earnings call. With me today is Teresa Elder, WOW!’s Chief Executive Officer; and John Rego, WOW!’s Chief Financial Officer. Before we get started, I would like to remind everyone that during our call, we will make some forward-looking statements about our expected operating results, our business strategy and other matters relating to our business. These forward-looking statements are made in reliance on the safe harbor provisions of the federal securities laws and are subject to known and unknown risks, uncertainties and other factors that may cause our actual operating results, financial position or performance to be materially different from those expressed or implied in our forward-looking statements.
You are cautioned not to place undue reliance on such forward-looking statements. We disclaim any obligation to update such forward-looking statements. For additional information concerning factors that could affect our financial results or cause actual results to differ materially from our forward-looking statements, please refer to our filings with the SEC, including the Risk Factors section of our Form 10-K filed with the SEC as well as the forward-looking statements section of our press release. In addition, please note that on today’s call and in the press release we issued this morning, we may refer to certain non-GAAP financial measures. While the company believes these non-GAAP financial measures provide useful information for investors, the presentation of this information is not intended to be considered in isolation or as a substitute to the financial information presented in accordance with GAAP.
Reconciliations between GAAP and non-GAAP metrics for our historical reported results can be found in our earnings releases and on our trending schedules, which can be found on our website. We have also included a presentation this afternoon to complement our prepared remarks. Now I’ll turn the call over to WOW!’s Chief Executive Officer, Teresa Elder.
Teresa Elder: Thanks, Andrew. Welcome to WOW!’s First Quarter Earnings Call. Before we begin, I would like to acknowledge the recent news regarding the unsolicited, nonbinding preliminary acquisition proposal from Digital Bridge and Crestview Partners. A special committee of independent directors will evaluate the proposal. WOW! stockholders do not need to take any action at this time, and we do not have any updates to share today. Under the circumstances, we will not be taking any questions at the end of our remarks. Now I would like to turn to our first quarter results. Our results this quarter reflects momentum in our greenfield expansion and significant improvements in our legacy markets. Our first quarter results included high-speed data revenue of $106.2 million, up 1% year-over-year.
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