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AI brief of an SEC Form 8-K · SBA Communications (SBAC)

SBA Communications cuts 2024 revenue outlook as Q2 net income falls 21%

Negative Impact 4 of 5 guidance Written later

SBA Communications reported second-quarter 2024 total revenues of $660.5 million, down 2.7%, and net income of $159.5 million, or $1.51 per diluted share, down from $1.87 a year earlier. The company also lowered its full-year 2024 revenue and Adjusted EBITDA outlook, which weighs on shareholders, while declaring a $0.98 quarterly dividend.

Key points

  • Q2 2024 total revenues were $660.5 million, down from $678.5 million; net income was $159.5 million, or $1.51 per diluted share, versus $202.0 million, or $1.87, in Q2 2023
  • Net income included a $66.2 million after-tax loss on currency remeasurement of intercompany loans
  • Full-year 2024 total revenue outlook is now $2,642.0 million to $2,672.0 million, a $20.0 million cut at the midpoint; Adjusted EBITDA outlook is $1,876.0 million to $1,896.0 million, down $13.0 million at the midpoint
  • Quarterly dividend of $0.98 per share is payable September 18, 2024 to holders of record on August 22, 2024

The filing

CompanySBA Communications (SBAC)
Form8-K, current report
Filed with the SECJul 29, 2024, 4:15 PM ET
Accession number0001193125-24-187567

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 29, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.