earnings
confidence high
sentiment positive
materiality 0.80
Scripps Q4 2021: Revenue $622M, EPS $0.43; 2021 FCF $280M; 2022 political rev ~$270M
E.W. SCRIPPS Co
2021-FY EPS reported
$0.81
revenue$2,283,532,000
- Q4 2021 revenue $622M (+5.3% YoY); income from continuing ops $40.2M, diluted EPS $0.43.
- Full-year 2021 free cash flow $280M, a record for a non-election year; expects 2022 FCF $400-450M.
- Local Media core ad revenue rose 8.1% adjusted-combined; Networks revenue up 14% adjusted-combined to $273M.
- Political revenue projected ~$270M in 2022 mid-terms, up ~40% from last mid-term; 2020 had $272M political.
- Debt reduced $581M in 2021; no dividend due to Berkshire preferred terms; capex guidance $70-80M for 2022.