Lee Enterprises, Incorporated (NASDAQ:LEE) Q2 2023 Earnings Conference Call May 4, 2023 10:00 AM ET
Company Participants
Josh Rinehults - Vice President, Finance
Kevin Mowbray - President and Chief Executive Officer
Tim Millage - Vice President, Chief Financial Officer and Treasurer
Conference Call Participants
Michael Kupinski - Noble Capital Markets
Operator
Welcome to the Lee Enterprise 2023 Second Quarter Webcast and Conference Call. The call is being recorded and will be available for replay at investors.lee.net. [Operator Instructions] A link to the live webcast can be found at investors.lee.net.
Now, I will turn the call over to your host, Josh Rinehults, Vice President, Finance. Please go ahead.
Josh Rinehults
Good morning and thank you for joining us. Speaking on this morning’s call are Kevin Mowbray, President and Chief Executive Officer; and Tim Millage, Vice President, Chief Financial Officer and Treasurer. Also with us today and available for questions is Nathan Bekke, Vice President, Audience Strategy.
Earlier today, we issued a news release with preliminary results for our second fiscal quarter of 2023. It is available at lee.net as well as at major financial websites. Please also refer to our earnings presentation found at investors.lee.net that includes supplemental information. As a reminder, this morning’s discussion will include forward-looking statements based on our current expectations. These statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially. Such factors are described in this morning’s news release and also in our SEC filings.
During the call, we refer to certain non-GAAP financial measures, including adjusted EBITDA and cash costs, which are defined in our news release. Reconciliations to the relevant GAAP measures are included in tables accompanying the release.
And now to open the discussion is our President and Chief Executive Officer, Kevin Mowbray. Kevin will open the conversation on Slide 3 of the earnings presentation for those following along.
Kevin Mowbray
Good morning, everyone, and thank you for joining us. The key themes we’ll cover on today’s call include Lee’s delivering industry-leading performance in a dynamic operating environment. We’ll also discuss how our Three Pillar Digital Growth Strategy is transforming Lee into a vibrant digitally centric company that positions us well to drive value for all stakeholders. And lastly, Tim will review our second quarter results, including reaffirming our FY ‘23 guidance.
We are transforming Lee into a digitally centric company, and our subscription platform provides communities with valuable, intensive local news. Our Three Pillar Digital Growth Strategy is transforming Lee to a digitally centric company, which is transforming the mix of our revenue. And we’re well positioned to drive value for shareholders as we continue to execute through our transformation.