View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
May 1, 2009

American Tower Q1 net income up

Rental and management segment revenue increased to $395.9m

By CBR Staff Writer

American Tower Corporation, a wireless and broadcast communications infrastructure company, has posted a net income of $58.76m for the first quarter ended March 31, 2009, compared to a net income of $42.23m for the same period in 2008.

According to the company, total revenues increased 6.9% to $408.7m, and rental and management segment revenues increased 5.9% to $395.9m. Rental and management segment gross margin increased 6.5% to $309.4m, and network development services segment revenue and gross margin increased to $12.7m and $5.1m, respectively.

It said that total the company’s selling, general, administrative and development expense was $57.6m, that includes $24.3m of stock-based compensation expense and $1.1m of international business development expense. Adjusted EBITDA increased 7.1% to $281.2m, and Adjusted EBITDA Margin was 69%. Adjusted EBITDA growth of 7.1% includes a negative impact to growth of approximately 2.0% as a result of fluctuations in foreign currency exchange rates and a negative impact of 2.3% from straight-line revenue and expense recognition.

Jim Taiclet, CEO at American Tower, said: In the first quarter, we continued our track record of delivering strong core growth in tower revenue and adjusted EBITDA of approximately 10% and 11%, respectively. These trends are driving demand for our tower space as our customers continue to invest in their networks.

Content from our partners
Technology and innovation can drive post-pandemic recovery for logistics sector
How to engage in SAP monitoring effectively in an era of volatility
How to turn the evidence hackers leave behind against them
Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU