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EARNINGS: Liberty Latin America Q2 Revenue Unchanged at $1.118B; Adjusted OIBDA Down 12% YoY to $389.1M

Relevant Document: Earnings Release Liberty Latin America reported $1.118 billion in revenue for second-quarter 2024, unchanged from $1.12 billion in the same period last year. Consolidated adjusted OIBDA for the second quarter was $389.1 million, down 12% year over year. The company also noted strong adjusted OIBDA growth in C&W Panama and C&W Caribbean, despite post-migration impacts in Puerto Rico affecting performance, and noted that further improvements are expected in the second half of the year. As of June 30, 2024, the company’s debt and finance lease obligations were $8.14 billion, with cash and cash equivalents and restricted cash related to debt of $611.6 million. In terms of future projections, Liberty Latin America expects its adjusted OIBDA to exceed $45 million per month towards the end of the second half in Puerto Rico. However, the company’s revenue and adjusted OIBDA are expected to be negatively impacted by between $10 million and $20 million for the remainder of 2024 due to Hurricane Beryl.  Additionally, the company anticipates property and equipment additions of approximately $10 million to $20 million to replace infrastructure and equipment damaged by the hurricane. In the second quarter, Liberty Latin America repurchased $22 million worth of stock, bringing[...]