Announcement • Jul 14
Shenandoah Telecommunications Company to Report Q2, 2026 Results on Jul 29, 2026 Shenandoah Telecommunications Company announced that they will report Q2, 2026 results Pre-Market on Jul 29, 2026 Announcement • Jun 09
Shenandoah Telecommunications Company Announces Board Changes, Effective June 8, 2026 Shenandoah Telecommunications Company announced that James F. DiMola, a member of the Board of Directors of Company, informed the Company of his decision to resign from the Board, effective as of June 8, 2026. Mr. DiMola was appointed to the Board as the Investor Director pursuant to the Investor Rights Agreement, dated April 1, 2024, between the Company and LIF Vista, LLC, an affiliate of GCM Grosvenor Inc. The Investor Rights Agreement provides that in the event of the resignation of the Investor Director as a member of the Board, the Investor may designate a replacement to fill such vacancy and the Board shall appoint such replacement to the Board. Effective June 8, 2026, pursuant to the Investor Rights Agreement, the Board elected Matthew D. Rinklin to fill the Investor Director vacancy created by Mr. DiMola's resignation. Mr. Rinklin was recommended to the Board by the Investor. Mr. Rinklin has served as Managing Director at GCM Grosvenor L.P., a registered investment adviser and affiliate of the Investor and GCM Grosvenor, since June of 2018. The Board unanimously approved Mr. Rinklin for appointment. Mr. Rinklin will serve as a Class 3 director for an initial term expiring at the Company's annual meeting of shareholders in 2027, or until his successor has been duly elected and qualified or until his earlier death, resignation, or removal from office. The Board appointed Mr. Rinklin to serve on the Company's Nominating and Corporate Governance Committee. Announcement • May 03
Shenandoah Telecommunications Company Reiterates Financial Guidance for the Year Ending December 31, 2026 Shenandoah Telecommunications Company reiterates financial guidance for the Year Ending December 31, 2026. For the period, the company expects total Revenue to be in the range of $370 millions - $377 millions. Announcement • Apr 13
Shenandoah Telecommunications Company to Report Q1, 2026 Results on May 01, 2026 Shenandoah Telecommunications Company announced that they will report Q1, 2026 results Pre-Market on May 01, 2026 Announcement • Feb 26
Shenandoah Telecommunications Company Provides Earnings Guidance for the Full Year Ending December 31, 2026 Shenandoah Telecommunications Company provided earnings guidance for the full year ending December 31, 2026. For the year, the company expects total revenues to be in the range of $370 million to $377 million. Announcement • Jan 23
Shenandoah Telecommunications Company, Annual General Meeting, Apr 21, 2026 Shenandoah Telecommunications Company, Annual General Meeting, Apr 21, 2026. Announcement • Jan 22
Shenandoah Telecommunications Company Announces Retirement of Directors Shenandoah Telecommunications Company announced that Tracy Fitzsimmons, a member of the Board of Directors of Shenandoah Telecommunications Company, informed the Company of her decision not to stand for reelection to the Board at the Company's 2026 Annual Meeting of Shareholders to be held on April 21, 2026. Dr. Fitzsimmons will continue to serve through the remainder of her term. Her decision not to stand for reelection is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Dr. Fitzsimmons will continue to serve through the remainder of her term. In addition, in accordance with the Company's director retirement policy, John W. Flora will retire as a director at the end of his current term and will not stand for reelection to the Board at the Annual Meeting. His retirement at the end of his current term is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Announcement • Oct 30
Shenandoah Telecommunications Company Reiterates Earnings Guidance for the Full Year Ending December 31, 2025 Shenandoah Telecommunications Company reiterated earnings guidance for the full year ending December 31, 2025. For the year, the company expects total revenues to be in the range of $352 million to $357 million. Announcement • Oct 29
Shenandoah Telecommunications Company Announces 2025 Annual Dividend, Payable on December 1, 2025 The Board of Directors of Shenandoah Telecommunications Company declared a cash dividend of $0.11 per share. The dividend will be payable December 1, 2025, to shareholders of record as of the close of business on November 7, 2025. This dividend is an increase of $0.01 per share or 10.0% over the December 2024 dividend and will be Shentel’s sixty-sixth consecutive year of annual dividends. Announcement • Oct 21
Shenandoah Telecommunications Company to Report Q3, 2025 Results on Oct 29, 2025 Shenandoah Telecommunications Company announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Oct 29, 2025 Announcement • Aug 27
Shenandoah Telecommunications Company Brings Fiber-To-The-Home Internet to Radford, VA Shenandoah Telecommunications Company is currently upgrading its network in Radford, Virginia, with 100% fiber-to-the-home internet service. Shentel Fiber will bring symmetrical, multi-gig internet speeds to both residential and business customers, and construction is expected to be completed by the end of the year. The company's fiber-to-the- home technology, supported by its 17,700-mile regional fiber network, enables the delivery of high speeds, low latency, and exceptional internet reliability. In addition to high-speed internet, Shentel offers phone and video services, as well as Whole-Home Wi-Fi for seamless connectivity throughout homes and businesses. Current Shentel customers can upgrade to Shentel's fiber-to- thehome network at no additional cost as construction is completed in their neighborhood. Announcement • Aug 26
Shenandoah Telecommunications Company Appoints Angela M. Olsen as General Counsel Shenandoah Telecommunications Company announced that Angela M. Olsen has joined the Company as Vice President-Legal and General Counsel. Ms. Olsen will be a member of the senior executive team, reporting to the President and Chief Executive Officer. Ms. Olsen has over 25 years of legal experience in corporate, private practice and government legal settings, across a range of industries. Ms. Olsen previously served as General Counsel and Corporate Secretary at AquaBounty Technologies Inc.; and Senior Advisor and Associate General Counsel at E.I. du Pont de Nemours and Company (DuPont). She was also a trial attorney at the US Department of Justice and served in private practice at both Jones Day and Latham & Watkins, LLP. Ms. Olsen holds a Juris Doctorate from American University, Washington College of Law, a Bachelor of Arts from Hamilton College and a Master of Science from Catholic University of America. Announcement • Jul 18
Shenandoah Telecommunications Company to Report Q2, 2025 Results on Jul 31, 2025 Shenandoah Telecommunications Company announced that they will report Q2, 2025 results After-Market on Jul 31, 2025 Announcement • Apr 22
Shenandoah Telecommunications Company to Report Q1, 2025 Results on Apr 30, 2025 Shenandoah Telecommunications Company announced that they will report Q1, 2025 results Pre-Market on Apr 30, 2025 Announcement • Apr 08
Shenandoah Telecommunications Company Expands High-Speed, Reliable Broadband Service in Bedford County Shenandoah Telecommunications Company recently extended high-speed, gigabit internet service to approximately 2,500 additional homes in Bedford County and plans to add over 1,500 more by the end of the year. This $24 million construction project is partly funded by the Commonwealth of Virginia's nationally recognized Virginia Telecommunication Initiative (VATI) run by the Department of Housing and Community Development (DHCD). The rest of the funding comes from Shentel's own capital investment and a contribution from Bedford County. The goal of the VATI initiative is to create strong, competitive communities by expanding broadband infrastructure into rural areas that lack access to high-speed internet. As a leading broadband internet provider serving smaller markets and rural communities, Shentel takes great pride in several key differentiators: Fast internet with exceptional reliabilityEasy, straight-forward pricing with no long-term contracts; Prompt and friendly local customer service; A full range of video and voice service options. Announcement • Mar 11
Shenandoah Telecommunications Company, Annual General Meeting, Apr 22, 2025 Shenandoah Telecommunications Company, Annual General Meeting, Apr 22, 2025. Location: the auditorium of the company`s offices, 500 shentel way, edinburg, virginia 22824, United States Announcement • Feb 13
Shenandoah Telecommunications Company to Report Q4, 2024 Results on Feb 20, 2025 Shenandoah Telecommunications Company announced that they will report Q4, 2024 results Pre-Market on Feb 20, 2025 Reported Earnings • Nov 09
Third quarter 2024 earnings released: US$0.13 loss per share (vs US$0.032 profit in 3Q 2023) Third quarter 2024 results: US$0.13 loss per share (down from US$0.032 profit in 3Q 2023). Revenue: US$87.6m (up 22% from 3Q 2023). Net loss: US$6.94m (down US$8.54m from profit in 3Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 2.3% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Declared Dividend • Oct 28
Dividend of US$0.10 announced Shareholders will receive a dividend of US$0.10. Ex-date: 5th November 2024 Payment date: 2nd December 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.9%. Recent Insider Transactions • Aug 12
Chairman recently bought €252k worth of stock On the 9th of August, Christopher French bought around 19k shares on-market at roughly €13.65 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Christopher has been a buyer over the last 12 months, purchasing a net total of €772k worth in shares. Reported Earnings • Aug 08
Second quarter 2024 earnings released: US$0.23 loss per share (vs US$0.036 profit in 2Q 2023) Second quarter 2024 results: US$0.23 loss per share (down from US$0.036 profit in 2Q 2023). Revenue: US$85.8m (up 20% from 2Q 2023). Net loss: US$12.8m (down US$14.6m from profit in 2Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 1.7% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Aug 01
Shenandoah Telecommunications Company Names Michael A. Rhymes to Board of Directors and to its Audit Committee Shenandoah Telecommunications Company announced the appointment of Michael A. Rhymes to its board of directors and to its Audit Committee on July 30, 2024. Mr. Rhymes is the Chief Information Officer at Entergy, which he joined in 2021. He is responsible for all of Entergy’s information technology systems, with a focus on delivering high value and innovative IT solutions via reliable, cost-effective and secure IT services. Prior to joining Entergy, Mr. Rhymes was the Chief Information Officer at Gates Corporation where he developed the global information technology strategy and built the global IT organization required to implement and support the strategy. Before Gates, Mr. Rhymes held leadership positions at Eaton, Cooper Industries, Ernst & Young and Anderson Consulting (now known as Accenture). Mr. Rhymes received both a Bachelor of Science in Economics and a Master of Business Administration from Texas A&M University. Announcement • Jul 23
Shenandoah Telecommunications Company to Report Q2, 2024 Results on Aug 07, 2024 Shenandoah Telecommunications Company announced that they will report Q2, 2024 results at 9:30 AM, US Eastern Standard Time on Aug 07, 2024 Announcement • Jul 09
Glo Fiber, Powered by Shenandoah Telecommunications Company Announces Plans to Deploy Next Generation, Fiber-Optic Broadband Services to Approximately 2,500 Homes and Businesses in Greenfield, Ohio Glo Fiber, powered by Shenandoah Telecommunications Company announced plans to deploy next generation, fiber-optic broadband services to approximately 2,500 homes and businesses in Greenfield, Ohio. Glo Fiber provides super-fast, symmetrical upload and download speeds of up to 5 gigabits per second (Gbps). Fiber-to-the-home technology and Shentel's 15,600-mile regional fiber network enable Glo Fiber to deliver high speeds, low latency, and unparalleled internet reliability. The company has earned a reputation for providing superior local customer service across its markets, including a growing list of communities in Ohio, such as Greenfield. In addition to high speed internet, Glo Fiber offers phone service, video service, and Whole Home WiFi for a seamless connection anywhere in your home or business. Recent Insider Transactions • Jun 13
Chairman recently bought €228k worth of stock On the 10th of June, Christopher French bought around 15k shares on-market at roughly €15.19 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Christopher has been a buyer over the last 12 months, purchasing a net total of €445k worth in shares. Recent Insider Transactions • May 08
Executive VP & COO recently bought €139k worth of stock On the 7th of May, Edward McKay bought around 10k shares on-market at roughly €13.86 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Edward's only on-market trade for the last 12 months. New Risk • May 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 52% per year over the past 5 years. High level of non-cash earnings (22% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (8.6% increase in shares outstanding). Reported Earnings • May 04
First quarter 2024 earnings released: US$0.081 loss per share (vs US$0.041 profit in 1Q 2023) First quarter 2024 results: US$0.081 loss per share (down from US$0.041 profit in 1Q 2023). Revenue: US$69.2m (down 3.4% from 1Q 2023). Net loss: US$4.09m (down 298% from profit in 1Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 1.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has fallen by 33% per year whereas the company’s share price has fallen by 35% per year. Announcement • Apr 26
Shenandoah Telecommunications Company to Report Q1, 2024 Results on May 03, 2024 Shenandoah Telecommunications Company announced that they will report Q1, 2024 results Pre-Market on May 03, 2024 Announcement • Apr 03
Glenn Lytle to Join the Shenandoah Telecommunications Company as Senior Vice President of Commercial Sales for the Combined Business Shenandoah Telecommunications Company announced the completion of its acquisition of Horizon Acquisition Parent LLC. Glenn Lytle, Horizon head of Commercial Sales, will join the Shentel management team as Senior Vice President of Commercial Sales for the combined business. Mr. Lytle has over 25 years of experience in the telecommunications industry, including previous senior leadership roles at Segra and Comcast. Announcement • Apr 02
Shenandoah Telecommunications Company (NasdaqGS:SHEN) completed the acquisition of Horizon Telcom, Inc. from Novacap TMT V managed by Novacap Investments, Inc. and Labor Impact Fund, L.P. managed by GCM Grosvenor Inc. (NasdaqGM:GCMG). Shenandoah Telecommunications Company (NasdaqGS:SHEN) entered into a definitive agreement to acquire Horizon Telcom, Inc. from Novacap TMT V managed by Novacap Investments, Inc. and Labor Impact Fund, L.P. managed by GCM Grosvenor Inc. (NasdaqGM:GCMG) for approximately $390 million on October 24, 2023. Consideration will consist of $305 million in cash and $80 million of Shentel common stock. GCM Grosvenor will exchange its equity interest in Horizon for 4.08 million shares of Shentel common stock with an aggregate value of $80 million. Shentel intends to fund the transaction with a combination of existing cash resources, revolving credit facility capacity and an amended and upsized credit facility. The Company has received $275 million in financing commitments from CoBank, Bank of America, Citizens Bank, N.A., and Fifth Third Bank, N.A. As of October 24, 2023, Horizon Telcom reported the revenue of approximately $64.7 million, net loss of approximately $12 million and EBITDA of approximately $19 million for the period ended December 31, 2022. The Transaction is subject to certain regulatory approvals and other customary closing conditions and is expected to close in the first half of 2024.
Rothschild & Co acted as financial advisor to Shenandoah. Steven M. Haas and J.A. Glaccum of Hunton Andrews Kurth LLP acted as legal advisor to Shenandoah. Bank Street Group acted as financial advisor to Horizon. Neil Torpey of Baker Botts L.L.P. acted as legal advisor to Horizon. Houlihan Lokey acted as financial advisor to GCM Grosvenor. Kemal Hawa and Chris Turek of Greenberg Traurig, LLP acted as legal advisors to GCM Grosvenor.
Shenandoah Telecommunications Company (NasdaqGS:SHEN) completed the acquisition of Horizon Telcom, Inc. from Novacap TMT V managed by Novacap Investments, Inc. and Labor Impact Fund, L.P. managed by GCM Grosvenor Inc. (NasdaqGM:GCMG) on April 1, 2024. Glenn Lytle, Horizon head of Commercial Sales, will join the Shentel management team as Senior Vice President of Commercial Sales for the combined business. Shentel funded the cash portion of the acquisition with a combination of existing cash resources, proceeds from last week’s completed sale of its tower portfolio, and issuance of 7%3 Participating Exchangeable Perpetual Preferred Stock of a Shentel subsidiary to an affiliate of Energy Capital Partners. New Risk • Apr 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 133% per year for the foreseeable future. Minor Risk Shareholders have been diluted in the past year (8.6% increase in shares outstanding). Announcement • Mar 15
Shenandoah Telecommunications Company, Annual General Meeting, Apr 30, 2024 Shenandoah Telecommunications Company, Annual General Meeting, Apr 30, 2024, at 11:00 US Eastern Standard Time. Location: auditorium of the Company's offices at 500 Shentel Way, Edinburg, Virginia Virginia United States Agenda: To consider and vote upon a proposal to elect three directors of the Company to the Board of Directors of the Company (the Board") for a term expiring at the annual meeting of shareholders in the year 2027: Thomas A. Beckett, Richard L. Koontz, Jr. and Leigh Ann Schultz (the Nominees"); to ratify the Audit Committee's selection of RSM US LLP as the Company's independent registered public accounting firm for 2024; to consider and approve, in a non-binding vote, the Company's named executive officer compensation; to consider and approve an amendment to the Company's Amended and Restated Articles of Incorporation to increase the maximum size of the Board; to consider and approve the Company's 2024 Equity Incentive Plan; and to consider and act upon any other business as may properly come before the meeting or any adjournment or postponement thereof. Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: US$0.16 (vs US$0.17 loss in FY 2022) Full year 2023 results: EPS: US$0.16 (up from US$0.17 loss in FY 2022). Revenue: US$287.4m (up 7.5% from FY 2022). Net income: US$8.04m (up US$16.4m from FY 2022). Profit margin: 2.8% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Announcement • Feb 03
Shenandoah Telecommunications Company to Report Q4, 2023 Results on Feb 21, 2024 Shenandoah Telecommunications Company announced that they will report Q4, 2023 results Pre-Market on Feb 21, 2024 Reported Earnings • Nov 04
Third quarter 2023 earnings released: EPS: US$0.032 (vs US$0.054 loss in 3Q 2022) Third quarter 2023 results: EPS: US$0.032 (up from US$0.054 loss in 3Q 2022). Revenue: US$71.8m (up 7.3% from 3Q 2022). Net income: US$1.59m (up US$4.32m from 3Q 2022). Profit margin: 2.2% (up from net loss in 3Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Oct 26
Shenandoah Telecommunications Company (NasdaqGS:SHEN) entered into a definitive agreement to acquire Horizon Telcom, Inc. from Novacap TMT V managed by Novacap Investments, Inc. and Labor Impact Fund, L.P. managed by Grosvenor Capital Management, L.P. (NasdaqGM:GCMG) for approximately $390 million. Shenandoah Telecommunications Company (NasdaqGS:SHEN) entered into a definitive agreement to acquire Horizon Telcom, Inc. from Novacap TMT V managed by Novacap Investments, Inc. and Labor Impact Fund, L.P. managed by Grosvenor Capital Management, L.P. (NasdaqGM:GCMG) for approximately $390 million on October 24, 2023. Consideration will consist of $305 million in cash and $80 million of Shentel common stock. GCM Grosvenor will exchange its equity interest in Horizon for 4.08 million shares of Shentel common stock with an aggregate value of $80 million. Shentel intends to fund the Transaction with a combination of existing cash resources, revolving credit facility capacity and an amended and upsized credit facility. The Company has received $275 million in financing commitments from CoBank, Bank of America, Citizens Bank, N.A., and Fifth Third Bank, N.A. As of October 24, 2023, Horizon Telcom reported the revenue of approximately $64.7 million, net loss of approximately $12 million and EBITDA of approximately $19 million for the period ended December 31, 2022. The Transaction is subject to certain regulatory approvals and other customary closing conditions and is expected to close in the first half of 2024. Rothschild & Co acted as financial advisor to Shenandoah. Hunton Andrews Kurth LLP acted as legal advisor to Shenandoah. Bank Street Group acted as financial advisor to Horizon. Baker Botts L.L.P. acted as legal advisor to Horizon. Houlihan Lokey acted as financial advisor to Grosvenor Capital. Greenberg Traurig, LLP acted as legal advisor to Grosvenor Capital. Announcement • Oct 20
Shenandoah Telecommunications Company to Report Q3, 2023 Results on Nov 03, 2023 Shenandoah Telecommunications Company announced that they will report Q3, 2023 results Pre-Market on Nov 03, 2023 Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$0.036 (vs US$0.064 loss in 2Q 2022) Second quarter 2023 results: EPS: US$0.036 (up from US$0.064 loss in 2Q 2022). Revenue: US$71.3m (up 8.1% from 2Q 2022). Net income: US$1.79m (up US$5.02m from 2Q 2022). Profit margin: 2.5% (up from net loss in 2Q 2022). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance. Announcement • Jul 25
Shenandoah Telecommunications Company to Report Q2, 2023 Results on Aug 02, 2023 Shenandoah Telecommunications Company announced that they will report Q2, 2023 results Pre-Market on Aug 02, 2023 Reported Earnings • Apr 30
First quarter 2023 earnings released: EPS: US$0.041 (vs US$0.012 loss in 1Q 2022) First quarter 2023 results: EPS: US$0.041 (up from US$0.012 loss in 1Q 2022). Revenue: US$71.7m (up 11% from 1Q 2022). Net income: US$2.07m (up US$2.67m from 1Q 2022). Profit margin: 2.9% (up from net loss in 1Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Reported Earnings • Feb 23
Full year 2022 earnings released: US$0.17 loss per share (vs US$0.16 profit in FY 2021) Full year 2022 results: US$0.17 loss per share (down from US$0.16 profit in FY 2021). Revenue: US$267.4m (up 9.0% from FY 2021). Net loss: US$8.38m (down 206% from profit in FY 2021). Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Announcement • Feb 15
Shenandoah Telecommunications Company to Report Q4, 2022 Results on Feb 22, 2023 Shenandoah Telecommunications Company announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Feb 22, 2023 Announcement • Dec 15
Shenandoah Telecommunications Company Announces Fiber-to-the-Home Upgrade in Radford, VA Shenandoah Telecommunications Company announced that they will upgrade their current network in Radford, Virginia with next-generation fiber-to-the-home (FTTH) broadband services. Shentel will fully fund the multimillion-dollar construction project that will bring symmetrical multi-gig internet speeds to Radford residents and businesses. Fiber enables multi-gigabit internet access with symmetrical upload and download speeds. Using Shentel's 8,000-mile regional fiber network, Shentel can ensure high speeds, low latency, and increased reliability. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Director Victor Barnes was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 09
T-Mobile US, Inc. (NasdaqGS:TMUS) acquired Beam branded spectrum licenses and leases from Shenandoah Telecommunications Company (NasdaqGS:SHEN). T-Mobile US, Inc. (NasdaqGS:TMUS) entered into an asset purchase agreement to acquire Beam branded spectrum licenses and leases of Shenandoah Telecommunications Company (NasdaqGS:SHEN) for $21.1 million on August 23, 2022. The consideration composed of $17.3 million cash and approximately $3.8 million of liabilities to be assumed by the wireless carrier. As a result of the Spectrum Transaction, the Company plans to cease its Beam operations at the remaining Beam fixed wireless sites upon or prior to the closing of the Spectrum Transaction. The transaction is subjected to the receipt of regulatory approvals and other customary closing conditions. The Spectrum Transaction is expected to close in the first half of 2023.
T-Mobile US, Inc. (NasdaqGS:TMUS) acquired Beam branded spectrum licenses and leases from Shenandoah Telecommunications Company (NasdaqGS:SHEN) on November 7, 2022. Reported Earnings • Nov 03
Third quarter 2022 earnings released: US$0.054 loss per share (vs US$0.13 profit in 3Q 2021) Third quarter 2022 results: US$0.054 loss per share (down from US$0.13 profit in 3Q 2021). Revenue: US$66.9m (up 7.5% from 3Q 2021). Net loss: US$2.73m (down 142% from profit in 3Q 2021). Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 1.9% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Nov 03
An unknown buyer entered into an asset purchase agreement to acquire Beam branded spectrum licenses and leases of Shenandoah Telecommunications Company (NasdaqGS:SHEN) for $21.1 million. An unknown buyer entered into an asset purchase agreement to acquire Beam branded spectrum licenses and leases of Shenandoah Telecommunications Company (NasdaqGS:SHEN) for $21.1 million on August 23, 2022. The consideration composed of $17.3 million cash and approximately $3.8 million of liabilities to be assumed by the wireless carrier. As a result of the Spectrum Transaction, the Company plans to cease its Beam operations at the remaining Beam fixed wireless sites upon or prior to the closing of the Spectrum Transaction. The transaction is subjected to the receipt of regulatory approvals and other customary closing conditions. The Spectrum Transaction is expected to close in the first half of 2023. Announcement • Oct 26
Shenandoah Telecommunications Company Declares Cash Dividend, Payable on December 1, 2022 The Board of Directors of Shenandoah Telecommunications Company declared a cash dividend of $0.08 per share. The dividend will be payable December 1, 2022, to shareholders of record as of the close of business on November 7, 2022. This dividend is an increase of $0.01 per share or 14.3% over the December 2021 dividend and will be Shentel’s sixty-third consecutive year of annual dividends. Announcement • Oct 25
Shenandoah Telecommunications Company to Report Q3, 2022 Results on Nov 02, 2022 Shenandoah Telecommunications Company announced that they will report Q3, 2022 results Pre-Market on Nov 02, 2022 Recent Insider Transactions • Sep 14
VP & Chief Human Resources Officer recently sold €60k worth of stock On the 12th of September, Heather Tormey sold around 3k shares on-market at roughly €21.17 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €381k more than they sold in the last 12 months. Reported Earnings • Aug 04
Second quarter 2022 earnings released: US$0.064 loss per share (vs US$0.037 profit in 2Q 2021) Second quarter 2022 results: US$0.064 loss per share (down from US$0.037 profit in 2Q 2021). Revenue: US$66.0m (up 8.8% from 2Q 2021). Net loss: US$3.23m (down 274% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 7.2%, compared to a 2.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Jul 28
Shenandoah Telecommunications Company to Report Q2, 2022 Results on Aug 03, 2022 Shenandoah Telecommunications Company announced that they will report Q2, 2022 results Pre-Market on Aug 03, 2022 Announcement • Jul 14
Shenandoah Telecommunications Company Receives Grant to Bring its Glo Fiber High-Speed Network to Frederick County, Maryland Glo Fiber, powered by Shenandoah Telecommunications Company ("Shentel"), announced a $10 million grant award from the Maryland Office of Statewide Broadband to deploy next generation fiber-to-the-premises (FTTP) broadband services in Frederick County, MD. Construction will begin in 2023 to deliver an all-fiber choice for reliable high-speed internet service to over 3,000 homes and businesses in the County. Glo Fiber is currently building their multi-gigabit fiber network in the City of Frederick, with service already available in some neighborhoods. Glo Fiber provides unlimited multi-gigabit internet access with symmetrical upload and download speeds, streaming TV, and phone service in the Mid-Atlantic region. Using Shentel's 7,600-mile regional fiber network, Glo Fiber can ensure high speeds, low latency, and fair pricing. Announcement • Jun 26
Shenandoah Telecommunications Company(NasdaqGS:SHEN) dropped from Russell 2000 Growth-Defensive Index Shenandoah Telecommunications Company(NasdaqGS:SHEN) dropped from Russell 2000 Growth-Defensive Index Announcement • Jun 21
Shenandoah Telecommunications Company Appoints Dara Leslie as Senior Vice President of Sales and Marketing Shenandoah Telecommunications Company welcomed Dara Leslie as the company's Senior Vice President of Sales & Marketing. In this role, Dara is responsible for driving revenue growth for the company’s commercial and residential lines of business, reporting to Ed McKay, Executive Vice President and Chief Operating Officer. Dara joins the company with more than 20 years of experience in the broadband industry, including 10 years with Comcast as Vice President of Sales and Marketing for the Big South Region and Vice President of Marketing for the Central Division. While at Comcast, Dara led residential internet, mobile, voice, video, and home security growth across 14 markets, impacting more than six million passings. Prior to Comcast, Dara held various leadership roles at Atlantic Broadband, including Vice President & General Manager for the Maryland and Delaware region. Dara assumed her new role today, June 20, 2022. Recent Insider Transactions • Jun 15
Chairman recently bought €240k worth of stock On the 13th of June, Christopher French bought around 12k shares on-market at roughly €20.54 per share. This was the largest purchase by an insider in the last 3 months. Christopher has been a buyer over the last 12 months, purchasing a net total of €431k worth in shares. Recent Insider Transactions • May 06
Chairman recently bought €191k worth of stock On the 3rd of May, Christopher French bought around 10k shares on-market at roughly €18.37 per share. This was the largest purchase by an insider in the last 3 months. This was Christopher's only on-market trade for the last 12 months. Reported Earnings • Apr 30
First quarter 2022 earnings released: US$0.012 loss per share (vs US$0.061 profit in 1Q 2021) First quarter 2022 results: US$0.012 loss per share (down from US$0.061 profit in 1Q 2021). Revenue: US$64.4m (up 7.9% from 1Q 2021). Net loss: US$603.0k (down 120% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 4.4%, compared to a 1.4% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Victor Barnes was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 22
Shenandoah Telecommunications Company to Report Q1, 2022 Results on Apr 28, 2022 Shenandoah Telecommunications Company announced that they will report Q1, 2022 results After-Market on Apr 28, 2022 Reported Earnings • Mar 02
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$0.16 (up from US$0.053 in FY 2020). Revenue: US$245.2m (up 11% from FY 2020). Net income: US$7.93m (up 202% from FY 2020). Profit margin: 3.2% (up from 1.2% in FY 2020). Revenue exceeded analyst estimates by 1.2%. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Feb 24
Shenandoah Telecommunications Company Appoints Victor C. Barnes to Board of Directors Shenandoah Telecommunications Company (Shentel) announced the appointment of Victor C. Barnes to its board of directors and to its Audit Committee on February 22, 2022. Mr. Barnes is currently the Chief of Connected Planning for Anaplan. Announcement • Feb 16
Shenandoah Telecommunications Company to Report Q4, 2021 Results on Feb 28, 2022 Shenandoah Telecommunications Company announced that they will report Q4, 2021 results After-Market on Feb 28, 2022 Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS US$0.14 (vs US$0.028 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$62.2m (up 13% from 3Q 2020). Net income: US$6.73m (up 377% from 3Q 2020). Profit margin: 11% (up from 2.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Executive Departure • Aug 05
Senior Vice President of Sales & Marketing William Pirtle has left the company On the 2nd of August, William Pirtle's tenure as Senior Vice President of Sales & Marketing ended after 2.6 years in the role. As of March 2021, William still personally held 45.98k shares (€1.9m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 2.33 years. Reported Earnings • Aug 02
Second quarter 2021 earnings released: EPS US$0.037 (vs US$0.011 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$60.7m (up 12% from 2Q 2020). Net income: US$1.86m (up US$2.39m from 2Q 2020). Profit margin: 3.1% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jul 27
Upcoming dividend of US$18.75 per share Eligible shareholders must have bought the stock before 03 August 2021. Payment date: 02 August 2021. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (5.7%). Executive Departure • Jul 06
Executive VP & COO David Heimbach has left the company On the 2nd of July, David Heimbach's tenure as Executive VP & COO ended after 3.2 years in the role. As of March 2021, David still personally held 4.63k shares (€191k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.42 years. Announcement • Jul 03
Shenandoah Telecommunications Company Declares Special Dividend, Payable on August 2, 2021 Shenandoah Telecommunications Company declared a special dividend of $18.75 per share on the issued and outstanding shares of Shentel’s common stock. The special dividend is payable on August 2, 2021 to shareholders of record as of the close of business on July 13, 2021. In accordance with NASDAQ rules, the ex-dividend date will be August 3, 2021, the first business day after the payment date. Recent Insider Transactions • Jun 05
VP of Legal recently sold €841k worth of stock On the 3rd of June, Raymond Ostroski sold around 20k shares on-market at roughly €42.06 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.3m more than they bought in the last 12 months. Reported Earnings • May 01
First quarter 2021 earnings released: EPS US$0.061 (vs US$0.27 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$59.7m (down 61% from 1Q 2020). Net income: US$3.05m (down 77% from 1Q 2020). Profit margin: 5.1% (down from 8.7% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Executive Departure • May 01
VP & Chief Accounting Officer has left the company On the 30th of April, Chase Stobbe's tenure as VP & Chief Accounting Officer ended after 2.0 years in the role. We don't have any record of a personal shareholding under Chase's name. Chase is the only executive to leave the company over the last 12 months. Announcement • Apr 30
Shenandoah Telecommunications Company Provides Earnings Guidance for the Full Year Ending December 31, 2021 Shenandoah Telecommunications Company provided earnings guidance for the full year ending December 31, 2021. For the year, the company expects revenue in the range of $241 million to $248 million and operating income in the range of $7 million to $14 million. Announcement • Mar 20
Shenandoah Telecommunications Company Announces Executive Changes On March 12, 2021, Shenandoah Telecommunications Company was notified that Chase L. Stobbe is resigning as Vice President and Chief Accounting Officer. Mr. Stobbe will remain in his position for a period not later than April 30, 2021 to assist in the orderly transition of his responsibilities. Mr. Stobbe, age 37,
has served as the Company's Vice President and Chief Accounting Officer since April 2019. Effective upon Mr. Stobbe's departure, James J. Volk, age 57, will assume the responsibilities of Chief Accounting Officer of the Company in addition to his existing responsibilities as the Company's Senior Vice President and Chief Financial Officer. Mr. Volk has served as the Company's Chief Financial Officer since June 2019. Prior to joining the Company, Mr. Volk served as Vice President, Finance and Investor Relations of Uniti Group Inc. from 2016 to 2018, and as Chief Financial Officer of PEG Bandwidth from 2012 to 2016. Is New 90 Day High Low • Mar 06
New 90-day high: €38.40 The company is up 5.0% from its price of €36.40 on 04 December 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Wireless Telecom industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €47.60 per share. Announcement • Mar 05
Shenandoah Telecommunications Company, Annual General Meeting, Apr 20, 2021 Shenandoah Telecommunications Company, Annual General Meeting, Apr 20, 2021, at 11:00 US Eastern Standard Time. Agenda: To consider and vote upon a proposal to elect three directors of the Company to the Board of Directors of the Company (the “Board”) for a term expiring at the annual meeting of shareholders in the year 2024; to ratify the Audit Committee’s selection of KPMG LLP as the Company’s independent registered public accounting firm for 2021; to consider and approve, in a non-binding vote, the Company’s named executive officer compensation; and to consider and act upon any other business as may properly come before the meeting or any adjournment or postponement thereof. Reported Earnings • Feb 28
Full year 2020 earnings released: EPS US$0.053 (vs US$0.048 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: US$220.8m (up 6.7% from FY 2019). Net income: US$2.63m (up 10.0% from FY 2019). Profit margin: 1.2% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 28
Revenue misses expectations Revenue missed analyst estimates by 24%. Over the next year, revenue is forecast to grow 11% while theWireless Telecom industry in Germany is not expected to grow. Announcement • Feb 26
Shenandoah Telecommunications Company (NasdaqGS:SHEN) acquired Canaan Cable TV for $2.1 million. Shenandoah Telecommunications Company (NasdaqGS:SHEN) acquired Canaan Cable TV for $2.1 million on December 31, 2020.
Shenandoah Telecommunications Company (NasdaqGS:SHEN) completed the acquisition of Canaan Cable TV on December 31, 2020. Announcement • Feb 18
Shenandoah Telecommunications Company to Report Q4, 2020 Results on Feb 25, 2021 Shenandoah Telecommunications Company announced that they will report Q4, 2020 results Pre-Market on Feb 25, 2021 Is New 90 Day High Low • Jan 29
New 90-day low: €33.60 The company is down 9.0% from its price of €36.80 on 30 October 2020. The German market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €50.50 per share. Is New 90 Day High Low • Jan 05
New 90-day low: €34.80 The company is down 8.0% from its price of €38.00 on 07 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €48.11 per share. Is New 90 Day High Low • Dec 18
New 90-day low: €35.60 The company is down 11% from its price of €40.20 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €47.93 per share. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS US$0.028 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$55.2m (down 64% from 3Q 2019). Net income: US$1.41m (down 90% from 3Q 2019). Profit margin: 2.6% (down from 9.3% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 7% per year. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue beats expectations Revenue exceeded analyst estimates by 6.5%. Over the next year, revenue is forecast to grow 6.0% compared to a 1.9% decline forecast for the Wireless Telecom industry in Germany. Upcoming Dividend • Nov 03
Upcoming Dividend of US$0.34 Per Share Will be paid on the 1st of December to those who are registered shareholders by the 10th of November. The trailing yield of 0.8% is below the top quartile of German dividend payers (3.8%), and is lower than industry peers (6.4%). Announcement • Oct 03
Shenandoah Telecommunications Company Launches New High-Speed Internet Service Beam Internet Shenandoah Telecommunications Company announced the launching of new high-speed Internet service this month using fixed wireless broadband technology on 2.5GHz mid-band spectrum in portions of Virginia, West Virginia and Ohio. Beam Internet by Shentel was created to reach homes beyond the edge of its fiber to the home and cable broadband networks. Beam will leverage a 5G-ready fixed wireless network that will also take advantage of the newly acquired CBRS midband spectrum. The new service will enable rural homeowners to connect to the Beam wireless network via a small outdoor modem mounted on or near the roof of their homes. There will initially be three speed offerings available: 25Mbps Download/3Mbps Upload; 50Mbps Download/5Mbps Upload; 100Mbps Download/10Mbps Upload. Prices will start at $60 per month for high-speed Internet with available home phone service including unlimited long distance for an additional $20 per month. The service will include an outdoor mounted receiver and up to 2 in-home Wi-Fi extenders. Announcement • Jul 31
Shenandoah Telecommunications Company to Report Q2, 2020 Results on Jul 30, 2020 Shenandoah Telecommunications Company announced that they will report Q2, 2020 results at 9:00 AM, Eastern Standard Time on Jul 30, 2020