SBA Communications Corporation (SBAC) Q1 2025 Earnings Call Transcript

SBA Communications Corporation (NASDAQ:SBAC) Q1 2025 Earnings Conference Call April 28, 2025 5:00 PM ET

Company Participants

Mark DeRussy – VP, Finance
Brendan Cavanagh – President and CEO
Marc Montagner – CFO

Conference Call Participants

Jim Schneider – Goldman Sachs
Jonathan Atkin – RBC Capital Markets
Batya Levi – UBS
Walter Piecyk – LightShed
Michael Rollins – Citi
Matt Niknam – Deutsche Bank
Nick Del Deo – MoffettNathanson
Eric Luebchow – Wells Fargo
Brandon Nispel – KeyBanc
Mike Funk – Bank of America
Ric Prentiss – Raymond James
Ben Swinburne – Morgan Stanley
Richard Choe – JPMorgan
Jonathan Chaplin – New Street
David Guarino – Green Street
Ari Klein – BMO Capital Markets

Operator

Welcome, and thank you for joining the SBA First Quarter 2025 Results. This call is being recorded. All participant audio lines are in listen-only mode. There will be a Q&A session at the end of prepared remarks. [Operator Instructions]

With that, I’ll turn the call over to Mark DeRussy, Vice President of Finance. Please go ahead.

Mark DeRussy

Thank you. Good evening, and thank you for joining us for SBA’s first quarter 2025 earnings conference call. Here with me today are Brendan Cavanagh, our President and Chief Executive Officer; and Marc Montagner, our Chief Financial Officer. Some of the information we will discuss on this call is forward-looking, including, but not limited to, any guidance for 2025 and beyond.

In today’s press release and in our SEC filings, we detail material risks that may cause our future results to differ from our expectations. Our statements are as of today, April 28, and we have no obligation to update any forward-looking statement we may make.

In addition, our comments will include non-GAAP financial measures and other key operating metrics. The reconciliation of and other information regarding these items can

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