E.W. Scripps Co. (SSP) Tops Q1 EPS by 3c, Offers Outlook
E.W. Scripps Co. (NASDAQ: SSP) reported Q1 EPS of $0.10, $0.03 better than the analyst estimate of $0.07. Revenue for the quarter came in at $566 million versus the consensus estimate of $567.16 million.
Looking ahead:
Comparisons for our segments are to the same period in 2021.
Second-quarter 2022 | |||
Local Media revenue | Up about 10% | ||
Local Media expense | Up high single-digits percent range | ||
Scripps Networks revenue | Up low single-digits percent range | ||
Scripps Networks expense | Up mid-20% range | ||
Shared services and corporate  | About $21 million | ||
Full-year 2022 | |||
Interest paid | $140-$150 million | ||
Pension contribution | No required contribution | ||
Capital expenditures | $70-$80 million | ||
Taxes paid | $100-$110 million | ||
Depreciation and amortization | $160 million | ||