Meredith Corporation Appoints Stephen Orr as Editor-In-Chief of its Better Homes and Gardens in Place of Retiring Chief, Gayle Butler
Jun 8 15
Stephen Orr will become editor-in-chief of Meredith Corp.'s Better Homes and Gardens on July 6, taking over from long time chief Gayle Butler, who will retire. Previously, Orr was VP/editorial director for Martha Stewart Living with oversight of multi-channel content focused on style/food/gardening and licensed product development. Orr will report to Jon Werther, national media group executive VP. Butler, who worked at Meredith for more than 30 years, held the BH&G eic since 2006.
Meredith Corporation Presents at Stephens Spring Investment Conference 2015, Jun-03-2015 02:00 PM
May 19 15
Meredith Corporation Presents at Stephens Spring Investment Conference 2015, Jun-03-2015 02:00 PM. Venue: New York Palace Hotel, 455 Madison Avenue, New York, New York, United States. Speakers: Joseph H. Ceryanec, Chief Financial Officer, Vice President and Treasurer, Stephen M. Lacy, Chairman, Chief Executive Officer and President.
Meredith Corporation Declares Regular Quarterly Dividend, Payable on June 15, 2015
May 13 15
The Meredith Corporation's board of directors declared a regular quarterly dividend of $0.4575 per share, or $1.83 on an annual basis. The dividend will be payable on June 15, 2015, to shareholders of record on May 29, 2015.
Meredith Corporation Presents at The Benchmark Company, LLC OneonOne Investor Conference, May-28-2015
Apr 29 15
Meredith Corporation Presents at The Benchmark Company, LLC OneonOne Investor Conference, May-28-2015 . Venue: The Pfister Hotel, 424 E. Wisconsin Avenue, Milwaukee, Wisconsin, United States.
Meredith Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2015; Provides Earnings Guidance for the Fourth Quarter and Full Year 2015; Reports Write-Down of Impaired Assets for the Third Quarter of 2015
Apr 23 15
Meredith Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2015. For the quarter, the company reported total revenues of $398,179,000 compared to $367,414,000 a year ago. Income from operations was $47,106,000 compared to $31,229,000 a year ago. Earnings before income taxes were $41,927,000 compared to $27,821,000 a year ago. Net earnings were $25,256,000 or $0.56 per diluted share compared to $18,486,000 or $0.41 per diluted share a year ago. Total EBITDA was $61,716,000 compared to $54,262,000 a year ago. Adjusted EBITDA was $72,989,000 compared to $64,031,000 a year ago. The primary growth drivers of earnings were newly acquired stations, along with stronger performance from core stations, particularly in Hartford, Atlanta and Kansas City.
For the nine months period, the company reported total revenues of $1,168,268,000 compared to $1,077,914,000 a year ago. Income from operations was $168,820,000 compared to $125,938,000 a year ago. Earnings before income taxes were $154,614,000 compared to $117,262,000 a year ago. Net earnings were $94,212,000 or $2.08 per diluted share compared to $73,096,000 or $1.61 per diluted share a year ago. Total EBITDA was $210,507,000 compared to $172,356,000 a year ago. Net cash provided by operating activities was $123,295,000 compared to $91,357,000 a year ago. Additions to property, plant, and equipment were $19,997,000 compared to $16,483,000 a year ago. Adjusted EBITDA was $229,979,000 compared to $183,690,000 a year ago.
The company provided earnings guidance for the fourth quarter of 2015 and full year 2015. Fiscal 2015 fourth-quarter expected results to the $2.36 per share before special items generated in the first nine months. Total company revenues are expected to be up high-single digits. Fiscal fourth quarter earnings per share to range from $0.90 to $0.95.
The company expects fiscal 2015 full year earnings per share to range from $3.26 to $3.31 before special items, an increase of 16% to 18% over fiscal 2014 results.
The company reported write-down of impaired assets of $1,692,000 for the third quarter of 2015 compared to $10,322,000 a year ago.