Gray Television, Inc. (NYSE:GTN) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET

Company Participants

Hilton Howell - Chairman and CEO
Kevin Latek - CLO and CDO
Jeff Gignac - CFO
Pat LaPlatney - President and Co-CEO
Sandy Breland - COO

Conference Call Participants

Daniel Kurnos - Benchmark Company
James Goss - Barrington Research
Craig Huber - Huber Research
Avi Steiner - JPMorgan
Steven Cahall - Wells Fargo
Mike Kerrane - Truist Securities
David Hamburger - Morgan Stanley

Operator

Welcome, ladies and gentlemen, to the Gray Media Conference Call. [Operator Instructions]

And without further ado, I will now turn the program over to our Chairman and CEO, Hilton Howell, Jr.

Hilton Howell

Thank you, operator. Good morning everyone. As the operator mentioned, I'm Hilton Howell, the Chairman and CEO of Gray Television. Thank you all for joining our second quarter 2024 earnings call.

With me here in Atlanta are all of our executive officers, Pat LaPlatney, our President and Co-CEO; Sandy Breland, our Chief Operating Officer; Kevin Latek, our Chief Legal and Development Officer, and Jeff Gignac, who succeeded Jim Ryan as our Chief Financial Officer on the 1st of July.

As usual, we will begin with the disclaimer that Kevin will provide. Kevin?

Kevin Latek

Thank you, Hilton. Good morning everyone. Gray Television, commonly known as Gray Media or Gray, uses its website as a key source of company information. The website address is www.graymedia.com.

We will file our quarterly report on Form 10-Q with the SEC today. We issued an updated investor presentation this morning that can be found on our website under Investor Relations.

Included on the call may be a discussion of non-GAAP financial measures and, in particular, adjusted EBITDA, leverage ratio denominator, and certain leverage ratios. These metrics are not meant to replace GAAP measurements, but are provided as supplements to assist the public in its analysis and valuation of our company. Included in our earnings release as well as posted on our website, a reconciliation of these financial measures to the GAAP measures reported in our financial statements.

And certain matters discussed on 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 quarterly report on Form 10-Q and our most recent earnings release. The company undertakes no obligation to update these forward-looking statements.