TEGNA Inc. Reports Record 2018 Fourth Quarter and Strong Full Year Results
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TEGNA (TGNA) Tops Q4 EPS by 4c, Revenues Beat
March 1, 2019 7:36 AM ESTTEGNA (NYSE: TGNA) reported Q4 EPS of $0.74, $0.04 better than the analyst estimate of $0.70. Revenue for the quarter came in at $642 million versus the consensus estimate of $636.86 million.
Record total company revenue of $642 million was up 31 percent.Adjusted EBITDA was a fourth quarter record at $273 million, a 61 percent increase year-over-year, and $781 million for the full year, a 24 percent increase. Net income from continuing operations for the fourth quarter was $161 million.Record fourth quarter free cash flow of $167 million and $469 million for the full year enabled a reduction in the... More