Lee Enterprises (NASDAQ: LEE) reported Q4 EPS of ($0.32), versus ($1.23) reported last year. Revenue for the quarter came in at $164 million versus the consensus estimate of $173.4 million.

2024 Fiscal Year Outlook:

Long-Term Outlook (2024 - 2028):

Debt and Free Cash Flow:

The Company has $456 million of debt outstanding under our Credit Agreement(5) with BH Finance. The financing has favorable terms including a 25-year maturity, a fixed annual interest rate of 9.0%, no fixed principal payments, and no financial performance covenants.

As of and for the period ended September 24, 2023:

• The principal amount of debt totaled $456 million, a reduction of $7 million for the fiscal year.
• Cash on the balance sheet totaled $15 million. Debt, net of cash on the balance sheet, totaled $441 million.
• Capital expenditures totaled $5 million for the full year. We expect $10 million of capital expenditures in FY24.
• For fiscal year 2023, cash paid for income taxes totaled $4 million. We expect cash paid for income taxes to total between $10 million and $15 million in 2024.
• We made no pension contributions in the fiscal year.

For earnings history and earnings-related data on Lee Enterprises (LEE) click here.