Latest news with #CogecoCommunicationsInc
Cision Canada
18-06-2025
- Business
- Cision Canada
Cogeco and Cogeco Communications Schedule the Release of their Financial Results for the Third Quarter of Fiscal 2025 and Related Conference Call Français
MONTRÉAL, June 18, 2025 /CNW/ - Cogeco Inc. (TSX: CGO) and Cogeco Communications Inc. (TSX: CCA) (collectively "Cogeco") plan to release their financial results for the third quarter of fiscal 2025, which ended May 31, 2025, on Tuesday, July 15, 2025, after market closing. The companies will hold a conference call on Wednesday, July 16, 2025 at 8:00 a.m. (Eastern Daylight Time) to discuss their financial and operating results. A live audio webcast of the analyst call will be available on both the Investor Relations and the Events and Presentations pages of Cogeco's website. Financial analysts will be able to access the live conference call and ask questions. Media representatives may attend as listeners only. A recording of the conference call will be available on Cogeco's website for a three-month period. Please use the following dial-in number to access the conference call 10 minutes before the start of the conference: Local - Toronto: 1 289 514-5100 Toll Free - North America: 1 800 717-1738 To join this conference call, participants are required to provide the operator with the name of the company hosting the call, that is, Cogeco Inc. or Cogeco Communications Inc. SOURCE Cogeco Inc.
Cision Canada
07-05-2025
- Business
- Cision Canada
Cogeco Communications to Participate in the TD Securities 2025 Telecom & Media Conference
MONTRÉAL, May 7, 2025 /CNW/ - Cogeco Communications Inc. (TSX: CCA) announced today that it will be participating in the 27 th Annual TD Securities Telecom & Media Conference in Toronto. As part of this conference, Frédéric Perron, Cogeco Communications Inc.'s President and Chief Executive Officer, will engage in an interactive discussion on Wednesday, May 14, 2025 at 12:30 p.m. (Eastern Daylight Time). On the day of the conference, the live audio webcast of this discussion will be available on both the Investor Relations and the Events and Presentations pages of Cogeco Communications Inc.'s website. A replay will be available shortly thereafter. About Cogeco Communications Inc. Cogeco Communications Inc. is a leading telecommunications provider committed to bringing people together through powerful communications and entertainment experiences. We provide world-class Internet, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. We also offer wireless services in most of our U.S. operating territory. Our services are marketed under the Cogeco and oxio brands in Canada, and under the Breezeline brand in the U.S. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future. Cogeco Communications Inc.'s subordinate voting shares are listed on the Toronto Stock Exchange (TSX: CCA). SOURCE Cogeco Communications Inc.
Yahoo
11-04-2025
- Business
- Yahoo
Cogeco Communications Inc (CGEAF) Q2 2025 Earnings Call Highlights: Navigating Revenue Declines ...
Revenue Decline: Consolidated revenue declined by 2.7% in constant currency. Adjusted EBITDA: Stable in constant currency due to operating efficiencies and lower corporate costs. Diluted Earnings Per Share: Declined by 20% in reported currency. Capital Intensity: 21.6%, down from 23.4% last year. Free Cash Flow: Increased by 12.8% in constant currency. Net Debt-to-Adjusted EBITDA Ratio: 3.4 turns, unchanged from Q1. Dividend: Quarterly dividend of $0.922 per share declared. Canadian Revenue Decline: Cogeco Connections revenue declined by 0.9%. US Revenue Decline: Breezeline's revenue declined by 4.5% in constant currency. Internet Subscriber Growth: Canadian internet customer base grew by 8,300 subscribers. Homes Passed: Added nearly 145,000 Canadian homes since fiscal 2022. Warning! GuruFocus has detected 2 Warning Signs with CGEAF. Release Date: April 10, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Cogeco Communications Inc (CGEAF) expects significant growth in free cash flow over the next two years, driven by the end of a CapEx investment cycle. The company has successfully merged its US and Canadian teams, leading to high engagement and collaboration, and is beginning to capture technical and operational synergies. Cogeco Communications Inc (CGEAF) reported strong operational performance in Q2, with results ahead of expectations and expanded consolidated EBITDA margins. The company's fibre-to-the-home expansion program added nearly 7,000 new homes passed in the quarter, primarily in Canada, contributing to strong Internet subscriber metrics. Cogeco Communications Inc (CGEAF) is seeing increasing subscriber tenure and improved customer satisfaction in the US, particularly in Ohio, which is contributing to stable EBITDA despite revenue pressures. Cogeco Communications Inc (CGEAF) experienced a 2.7% decline in consolidated revenue, driven by lower revenue in both US and Canadian segments. Adjusted EBITDA in Canada declined by 2.8% in constant currency due to lower revenue and higher operating expenses aimed at driving subscriber growth. In the US, Breezeline's revenue declined by 4.5% in constant currency due to a cumulative decline in the subscriber base, especially for entry-level services. Diluted earnings per share declined by 20% in reported currency, impacted by higher D&A expenses, acquisition integration and restructuring expenses, and higher taxes. The radio advertising market continues to face challenges, impacting Cogeco Media's operations, although digital advertising solutions are growing. Q: What are the plans to address the decline in broadband disconnections in the US, particularly in Ohio? A: Frederic Perron, President of Cogeco Connexion, explained that while competition remains high, they expect a slowdown in fixed wireless access (FWA) growth based on competitors' forecasts. They are seeing improvements in wireless sales, which could support cable performance. Additionally, they are exploring a dual-brand strategy and have noted improvements in customer satisfaction, which should positively impact business over time. Q: How sustainable is Breezeline's profitability in the US given the competitive pressures? A: Frederic Perron noted that profitability is supported by cost reductions and operational efficiencies. TV cord-cutting is happening at low margins, and internet customers lost tend to be lower ARPU. They are also realizing healthy rate increases and seeing improvements in customer satisfaction, which contribute positively to profitability. Q: Can you provide insights into the capital expenditure (CapEx) and free cash flow guidance for the year? A: Patrice Ouimet, CFO, stated that while CapEx and free cash flow can be volatile, they expect higher CapEx in Q3 and Q4. They are comfortable with the guidance range provided and will reassess as the year progresses. Q: What is the status of potential asset divestitures in the US? A: Frederic Perron mentioned that while they have not commented on specific reports, they are open to pruning assets in the US if it makes sense operationally, strategically, and financially. This remains an area of interest for the company. Q: How is the wireless strategy expected to impact churn reduction and profitability? A: Frederic Perron explained that the wireless strategy is primarily aimed at reducing churn and discounting on the wireline business. The strategy is expected to become EBITDA positive over time, with the churn benefit kicking in from the start. The US cable MVNOs serve as a good proxy for expected penetration and payback timelines. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
