ATN International Inc

ATN International reported second-quarter revenue rose 2% year over year to $184.5 million, while adjusted EBITDA increased nearly 9% to $49.7 million and margins expanded to 27%. The company recorded net income of $167 million, or $10.71 per diluted share, driven by a $230 million gain from the initial closing of its U.S. tower portfolio sale, which generated $268 million in cash proceeds and reduced net leverage to 0.91 times. ATN reaffirmed its full-year 2026 adjusted EBITDA outlook of $183 million to $193 million, raised its quarterly dividend 5.5% to $0.29 per share, and expanded its share-repurchase authorization to $30 million. International segment revenue grew 1.4% to $96 million with adjusted EBITDA margin expanding 180 basis points to 36.9%, while U.S. segment revenue increased slightly more than 2% to $88 million. The company expects additional tower-sale closings over the next 10 months with potential for up to $30 million in further proceeds.

ATN International announced a 5.5% increase in its quarterly cash dividend, raising it to $0.29 per share from the previous $0.275 per share. The dividend will be payable on July 8, 2026, to stockholders of record as of June 30, 2026. President and CEO Naji Khoury said the increase reflects the strength of the business and the company's commitment to providing a steady return to stockholders, noting ATN has delivered a quarterly dividend since 1999.