Nexstar Media Group, Inc. (NASDAQ:NXST) Q1 2022 Earnings Conference Call May 10, 2022 10:00 AM ET
Company Participants
Joe Jaffoni - JCIR
Perry Sook - Founder, Chairman & CEO
Lee Ann Gliha - CFO
Thomas Carter - President & COO
Conference Call Participants
Dan Kurnos - Benchmark Company
Steven Cahall - Wells Fargo
Alan Gould - Loop Capital
Craig Huber - Huber Research Partners
Jim Goss - Barrington Research
John Kornreich - J.K. Media
Operator
Good day and welcome to the Nexstar Media Group's First Quarter 2022 Results Conference Call. Today's call is being recorded.
I'd now like to turn the conference over to Joe Jaffoni, Investor Relations. Please go ahead, Sir.
Joe Jaffoni
Thank you, Anna, and good morning, everyone. Let me just read the Safe Harbor language, and then we'll get right into the call. All statements and comments made by management during today's conference call other than statements of historical fact may be deemed forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. Nexstar cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those reflected by the forward-looking statements made during today's call. For additional details on these risks and uncertainties, please see Nexstar's Annual Report on Form 10-K for the year ended December 31, 2021 as filed with the Securities and Exchange Commission, as well as Nexstar's subsequent public filings with the SEC. Nexstar undertakes no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
With that, it's now my pleasure to turn the conference over to your host, Nexstar Founder, Chairman and CEO, Perry Sook. Perry, please go ahead.
Perry Sook
Thank you, Joseph, and good morning, everyone. Thank you for joining us today. We appreciate you joining with us here today to discuss Nexstar's record first quarter financial results, which include the highest quarterly free cash flow in the company's history.
With me on the call today are Tom Carter, President and Chief Operating Officer and Lee Ann Gliha, our CFO. I'll start with a summary of recent highlights and developments and developments followed by Tom's operation review and Lee Ann's financial review.
So while the equity market is testing new levels of volatility, it was another boring beat consensus expectations, no drama quarter here at Nexstar, the type of performance investors should know to expect from us. Our outstanding results represent an excellent start to what we expect will be another year of record financial performance for our shareholders and for the NewsNation [ph].