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PHOENIX - Cable One, Inc. (NYSE:CABO), a leading broadband communications provider, has announced the upcoming retirement of its CEO, Julia M. Laulis, who has been with the company for 26 years. Laulis will continue in her current roles until a successor is appointed or through December 31, 2025, whichever comes first. Post-retirement, she will serve as a senior advisor to ensure a smooth transition. The announcement comes as the company’s stock trades near its 52-week low of $138.62, having declined over 60% year-to-date. According to InvestingPro analysis, the stock appears undervalued at current levels.
During her tenure, Laulis has been pivotal in rebranding the company to Sparklight and shifting its focus to a broadband-centric approach. Her leadership saw the company expand through strategic acquisitions and earn accolades for operational excellence and community engagement. The company maintains strong operational metrics with a gross profit margin of 74% and generates significant free cash flow. The Board is now engaged in a search for the next CEO, considering candidates both within and outside the company. InvestingPro data shows analysts expect the company to return to profitability this year, with projected earnings per share of $31.54.
Laulis expressed her gratitude for the opportunity to lead Cable One and emphasized her confidence in the company’s future and leadership team. The Board, led by Independent Director Mary Meduski, praised Laulis for her focus on innovation and customer service, which has significantly shaped the company’s culture and growth. For deeper insights into Cable One’s financial health and growth prospects, investors can access the comprehensive Pro Research Report available on InvestingPro, which includes detailed analysis of the company’s valuation metrics and future potential.
Cable One has emphasized that the timeline for the CEO transition process and related statements are forward-looking and subject to change. The company has stated that actual outcomes may differ from current expectations due to various risks and uncertainties.
This announcement is based on a press release statement from Cable One, Inc.
In other recent news, Cable One Inc. reported disappointing first-quarter 2025 financial results, with total revenues declining by 5.9% to $380.6 million compared to the same period in 2024. The company’s net income fell sharply by 93% year-over-year, from $37.4 million to $2.6 million. These results have been attributed to decreased residential data revenues and a drop in average revenue per unit (ARPU) by 3.1%. In response to these financial challenges, Cable One has suspended its quarterly cash dividend, a decision that is expected to save approximately $67 million annually. This move has led to downgrades from analysts, including KeyBanc Capital Markets and Raymond James, who have expressed concerns over the company’s credibility and future performance. Cable One’s management, however, remains optimistic about achieving broadband revenue growth in the coming year, despite the competitive pressures from fiber and fixed wireless providers. The company’s liquidity position shows $149.1 million in cash and cash equivalents, with a debt balance of $3.57 billion as of March 31, 2025. Additionally, Cable One plans to reduce its leverage through debt repayment and monetization of select investments.
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