TEGNA Inc. (NYSE:TGNA) Q4 2023 Results Conference Call February 29, 2024 10:00 AM ET
Company Participants
Kirk von Seelen - Vice President and Treasurer
David Lougee - President, CEO & Director
Julie Heskett - Senior VP & CFO
Tom Cox - Chief Growth Officer
Conference Call Participants
Dan Kurnos - Benchmark Company
Steven Cahall - Wells Fargo
Craig Huber - Huber Research Partners
James Goss - Barrington Research
David Karnovsky - JPMorgan
Operator
Good day, and welcome to the Q4 and Full Year 2023 TEGNA Inc. Earnings Conference Call. [Operator Instructions]
As a reminder, this call is being recorded. I would now like to turn the call over to Kirk von Seelen, Vice President and Treasurer. You may begin.
Kirk von Seelen
Thank you, operator. Good morning, and welcome to our fourth quarter and full year 2023 conference call and webcast. My name is Kirk von Seelen, and I am TEGNA's Treasurer.
Today, our President and CEO, Dave Lougee; and our new CFO, Julie Heskett, will review TEGNA's financial performance and results and provide TEGNA's full year and quarter ahead outlook. After that, we'll open the call for questions.
Hopefully, you've had the opportunity to review this morning's press release. If you've not yet seen a copy of the release, it's available at tegna.com.
Before we get started, I'd like to remind you that this conference call and webcast includes forward-looking statements, and our actual results may differ. Factors that may cause them to differ are outlined in our SEC filings. This presentation also includes certain non-GAAP financial measures. We have provided reconciliations of those measures to the most directly comparable GAAP measures in the press release.
With that, let me turn the call over to Dave.
David Lougee
Thank you, Kirk, and good morning, everyone. Coming out of the merger termination last May, we've been laser-focused on returning capital to shareholders, driving increased efficiencies and evaluating opportunities for future growth. As our announcements this morning show, we have the necessary assets, the team and the industry-leading balance sheet required. By leveraging the strength of our assets and our culture, we've proven time and time again, our ability to navigate challenging market and industry dynamics. We saw the current industry trends coming, and we positioned the company accordingly.
Our portfolio of leading local station brands are in predominantly large, economically thriving metropolitan areas. They generate high-margin revenues and durable, predictable cash flows.