Gannett (GCI) Misses Q3 EPS by 1c, Offers Guidance

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Go back to Gannett (GCI) Misses Q3 EPS by 1c, Offers Guidance

Gannett Announces Third Quarter 2023 Results & Updated Full Year Outlook

November 2, 2023 7:00 AM EDT

Operating Income of $34.9 million; Net Loss Attributable to Gannett of $2.6 million Adjusted EBITDA(1) of $59.5 million, up 15% Year-over-Year Cash Provided by Operating Activities of $20.6 million; Free Cash Flow(1) of $7.4 million Repaid $65.3 million in Debt; First Lien Net Leverage Below 2.0x

MCLEAN, Va.--(BUSINESS WIRE)-- Gannett Co., Inc. ("Gannett", "we", "us", "our", or the "Company") (NYSE: GCI) today reported its financial results for the third quarter ended September 30, 2023.

"In the third quarter, we drove significant improvement to our bottom line,... More