Gray Television, Inc. (NYSE:GTN) Q2 2022 Earnings Conference Call August 5, 2022 11:00 AM ET
Company Representatives
Hilton Howell - Executive Chairman, Chief Executive Officer
Pat LaPlatney - President, Co-CEO
Kevin Latek - Chief Legal and Development Officer
Jim Ryan - Chief Financial Officer
Bob Smith - Chief Operating Officer
Conference Call Participants
Dan Kurnos - Benchmark Company
Aaron Watts - Deutsche Bank
Jim Goss - Barrington Research
Steven Cahall - Wells Fargo
John Kornreich - JK Media
Alan Gould - Loop Capital
Craig Huber - Huber Research Partners
Michael Kupinski - Noble Capital Markets
Operator
Good day and welcome to the Gray Television Q2 Earnings Call. Today’s conference is being recorded. At this time I would like to turn the conference over to Mr. Hilton Howell, Executive Chairman and CEO. Please go ahead, sir.
Hilton Howell
Good morning! Thank you, Sarah. Thank you all for joining us. As our operator mentioned, I am Hilton Howell, the Chairman and CEO of Gray Television, and thank you for joining our second quarter 2022 earnings call.
With me today as traditional are Gray’s Executive Officers. Our President and Co-CEO, Pat LaPlatney; our Chief Legal and Development Officer, Kevin Latek; our Chief Financial Officer, Jim Ryan; and our Chief Operating Officer, Bob Smith.
We will begin this morning with a disclaimer that Kevin will provide. Kevin?
Kevin Latek
Thank you, Hilton, and good morning everyone. Gray uses its website as a key source of company information. The website address is www.gray.tv. We will file our Quarterly Report on Form 10-Q with the SEC later today.
Included on the call may be a discussion of non-GAAP financial measures, and in particular broadcast cash flow, broadcast cash flow less corporate expenses, operating cash flow, free cash flow, adjusted EBITDA and certain leverage ratios. These metrics are not meant to replace GAAP measurements, but are provided as supplements to assist the public in their analysis and valuation of our company. Included in our earnings release as well as on our website are reconciliations of the non-GAAP financial measures to the GAAP measures reported in our financial statements.
Certain matters discussed in this call may include forward-looking statements regarding among other things future operating results. Those statements are subject to a number of risks and uncertainties. Actual results in the future could differ from those expressed or implied in any forward-looking statements as a result of various important factors that have been set forth in the company’s most recent reports filed with the SEC, including our most recent Annual Report on Form 10-K and our most recent earnings release. The company undertakes no obligation to update these forward-looking statements.