USA TODAY Co., Inc.
For the period ended Feb 20, 2025. Filed Feb 20, 2025.
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Feb 20, 2025 · Filed Feb 20, 2025
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Contents
EX-99.1 · ADJUSTED EBITDA
ADJUSTED EBITDA
| Table No. 5 | Three months ended December 31, 2024 | ||||
|---|---|---|---|---|---|
| In thousands | Domestic Gannett Media | Newsquest | Digital Marketing Solutions | Corporate and other | Consolidated Total |
| Net income attributable to Gannett | $30,188 | $12,315 | $1,574 | $20,242 | $64,319 |
| Benefit for income taxes | — | — | — | (28,132) | (28,132) |
| Interest expense | — | — | — | 25,903 | 25,903 |
| Gain on early extinguishment of debt | — | — | — | (55,205) | (55,205) |
| Non-operating pension income | (1,102) | (1,860) | — | — | (2,962) |
| Depreciation and amortization | 23,420 | 2,293 | 5,687 | 7,933 | 39,333 |
| Integration and reorganization costs (reversal) | 6,681 | (1,009) | 119 | 5,401 | 11,192 |
| Third-party debt expenses and acquisition costs | — | — | — | 10,259 | 10,259 |
| Asset impairments | 513 | — | — | — | 513 |
| (Gain) loss on sale or disposal of assets, net | (487) | (7) | — | 28 | (466) |
| Share-based compensation expense | — | — | — | 3,279 | 3,279 |
| Other non-operating (income) expense, net | (532) | (541) | 4,003 | (476) | 2,454 |
| Non-recurring items | 29 | — | — | 7,642 | 7,671 |
| Adjusted EBITDA (non-GAAP basis) | $58,710 | $11,191 | $11,383 | $(3,126) | $78,158 |
| Net income attributable to Gannett margin | 6.3% | 21.1% | 1.3% | NM | 10.4% |
| Adjusted EBITDA margin (non-GAAP basis) | 12.2% | 19.2% | 9.7% | NM | 12.6% |
| NM indicates not meaningful. | |||||
| Three months ended December 31, 2023 | |||||
| In thousands | Domestic Gannett Media | Newsquest | Digital Marketing Solutions | Corporate and other | Consolidated Total |
| Net income (loss) attributable to Gannett | $26,915 | $11,107 | $8,043 | $(68,957) | $(22,892) |
| Provision for income taxes | — | — | — | 21,581 | 21,581 |
| Interest expense | — | — | — | 26,969 | 26,969 |
| Gain on early extinguishment of debt | — | — | — | (1,316) | (1,316) |
| Non-operating pension income | (209) | (2,166) | — | — | (2,375) |
| Depreciation and amortization | 25,721 | 2,063 | 5,993 | 4,719 | 38,496 |
| Integration and reorganization costs | 3,248 | 677 | 182 | 1,902 | 6,009 |
| Third-party debt expenses and acquisition costs | — | 215 | — | 507 | 722 |
| Loss (gain) on sale or disposal of assets, net | 703 | (29) | 92 | 2 | 768 |
| Share-based compensation expense | — | — | — | 3,840 | 3,840 |
| Other non-operating income, net | (215) | (634) | (1,815) | (403) | (3,067) |
| Non-recurring items | (65) | 96 | — | 5,340 | 5,371 |
| Adjusted EBITDA (non-GAAP basis) | $56,098 | $11,329 | $12,495 | $(5,816) | $74,106 |
| Net income (loss) attributable to Gannett margin | 5.1% | 19.1% | 6.7% | NM | (3.4)% |
| Adjusted EBITDA margin (non-GAAP basis) | 10.6% | 19.5% | 10.4% | NM | 11.1% |
| NM indicates not meaningful. | |||||
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