Gray Television, Inc. (NYSE:GTN) Q1 2022 Earnings Conference Call May 6, 2022 11:00 AM ET

Company Participants

Hilton Howell - Chairman and CEO

Pat LaPlatney - President and 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

Jim Goss - Barrington Research

Aaron Watts - Deutsche Bank

Steven Cahall - Wells Fargo

Alan Gould - Loop Capital

Operator

Good day and thank you for standing by. Welcome to the Q1 2022 Earnings Call. At this time, all participants are in listen-only mode. After the speaker’s presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Hilton Howell, Chairman and CEO. Please go ahead, sir.

Hilton Howell

Thank you, Operator, and good morning, everyone. As Laurie mentioned, I am Hilton Howell, the Chairman and CEO of Gray Television. Thank you all for joining us on this first quarter 2022 earnings call. As usual with me today 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 Latek

Thank you, Hilton. 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 in particular broadcast cash flow, broadcast cash flow as 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 and their analysis and valuation of our company. Included in our earnings release, as well as on our website our reconciliation to the non-GAAP financial measures to the GAAP measures reported in our financial statements.

Certain matters discussed 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 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. Company undertakes no obligation to update these forward looking statements.