Sba Communications Corp Q3 FY2021 Earnings Call

Sba Communications Corp (SBAC)

Earnings Call FY2021 Q3 Call date: 2021-11-01 Concluded

Quarter scorecard

Revenue

$589.30M

+12.7% YoY

Diluted EPS

$0.43

+115% YoY

Gross margin

76.2%

-0.6 pp YoY

Net income

$47.80M

+111.8% YoY

Domestic Site Leasing Revenue $426.76M

+9.2%

International Site Leasing Revenue $108.73M

+13.5%

Site Development Construction $53.81M

+48.8%

Buybacks (derived)

$115.42M

Shares repurchased

400,000

from the 8-K filed Nov 1, 2021

Metric	Period	Guided	Basis	Actual
Site leasing revenue Initiated Full Year 2021	Full Year 2021	$2.1B – $2.11B	—	$2.31B above
Total revenues Raised Full Year 2021	Full Year 2021	$2.29B – $2.31B	—	$2.31B within
Site development revenue Initiated Full Year 2021	Full Year 2021	$195M – $205M	—	$2.31B above