Gray Media (GTN) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, May 7, 2026 astatine 11:40 AM CDT 29 min read

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DATE

Thursday, May 7, 2026 astatine 11:00 a.m. ET

CALL PARTICIPANTS

• Chairman and Chief Executive Officer — Hilton Hatchett Howell

• President and Co-Chief Executive Officer — Donald Patrick LaPlatney

• Chief Operating Officer — Sandy Breland

• Chief Legal and Development Officer — Kevin P. Latek

• Chief Financial Officer — Jeffrey R. Gignac

Full Conference Call Transcript

Alan Steven Gould: Thank you, Tina, and welcome, everybody. Joining america contiguous connected Gray's telephone are Hilton Hatchett Howell, our Chairman and CEO; Donald Patrick LaPlatney, our President and Co-CEO; Sandy Breland, our Chief Operating Officer; Kevin P. Latek, our Chief Legal and Development Officer; and Jeffrey R. Gignac, our Chief Financial Officer. Today, we filed with the SEC connected Form 8-K our archetypal 4th net merchandise and updated capitalist presentation, and aboriginal today, we volition record with the SEC our Quarterly Report connected Form 10-Q. These materials are each disposable connected our website graymedia.com. Included connected the telephone whitethorn beryllium a treatment of non-GAAP fiscal measures, and successful particular, Adjusted EBITDA, leverage ratio denominator, nett retransmission revenue, and definite nett leverage ratios.

These metrics are not meant to regenerate GAAP measurements but are provided arsenic supplements to assistance the nationalist successful its investigation and valuation of our company. Further discussions and reconciliation of the company's non-GAAP fiscal measures to comparable GAAP fiscal measures tin beryllium recovered successful the latest capitalist presumption connected our website. All statements and comments made by absorption during this league call, different than statements of humanities fact, should beryllium deemed forward-looking statements. These forward-looking statements are taxable to a fig of risks and uncertainties. Actual results successful the aboriginal could disagree from those described successful the forward-looking statements arsenic a effect of assorted important factors that are contained successful our astir caller filings with the SEC.

We undertake nary work to update oregon revise immoderate forward-looking statements, whether arsenic a effect of caller information, aboriginal events, oregon otherwise. It is present my pleasance to present Gray's Executive Chairman and CEO, Hilton Hatchett Howell.

Hilton Hatchett Howell: Thank you, Alan. Today, we are precise pleased to denote coagulated results for our archetypal 4th of 2026, with halfway advertizing supra our antecedently issued guidance, governmental gross astatine the precocious extremity of our guidance range, and full gross astatine the precocious extremity of our guidance, adjacent factoring successful a precocious resolved DISH quality with 1 of our MVPDs. Total gross successful the archetypal 4th of 2026 was $768 million, astatine the precocious extremity of our guidance for the quarter. Total operating expenses earlier depreciation, amortization, impairment, and summation oregon nonaccomplishment connected disposal of assets successful the archetypal 4th of 2026 were $622 million, which was $7 cardinal beneath the comparable play past year.