earnings
confidence high
sentiment positive
materiality 0.75
Scripps Q1 revenue $566M (+4.6%), net income $9.8M; guides FCF $400-450M, political ad $270M
E.W. SCRIPPS Co
2022-Q1 EPS reported
$0.10
revenue$565,706,000
- Q1 revenue $566M (+4.6% YoY); segment profit $115M; net income $9.8M ($0.10 EPS) vs. loss of $0.10 last year.
- Local Media revenue $327M (+4.5%), core ad +3.4%, retransmission +2.5% to $160M; segment profit $54.4M.
- Scripps Networks revenue $239M (+12%), segment profit $85.1M (36% margin); ratings up 5% total viewers prime.
- Full-year 2022 FCF guidance $400-450M; political ad revenue projected $270M (+40% vs 2018 midterm).
- Debt leverage expected to drop to ~4.0x; Moody's and S&P upgrades; redeemed $123M senior notes.