Thursday, February 21, 2019

Gannett Company (GCI)

Still finding ways to cut costs; generating a lot of cash.

Gannett Co., Inc.
operates as a news and information company. It operates in three segments:
Publishing, Digital, and Broadcasting. 

Michael Kupinski, DOR, Senior Research Analyst, Noble Capital Markets, Inc.

RATING: OUTPERFORM

• Hits close to the mark. The company largely delivered on Q4 expectations despite weaker than expected Publishing revenue, which was down 14%. The consolidation of three production facilities in 2018, along with labor savings, and concentration on higher margin business, all contributed to the company’s ability to achieve our cash flow estimate. 
• Okay, but, what about this year? We believe that the company has significant flexibility to manage costs again this year, through the benefit of recent voluntary staff cuts and the prospect of the consolida… 
  
  
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