Latest news with #MikeSmargiassi
Yahoo
22-05-2025
- Business
- Yahoo
Q4 2024 Spanish Broadcasting System Inc Earnings Call
Raul Alarcon; Chairman of the Board, Chief Executive Officer; Spanish Broadcasting System Inc Mike Smargiassi Operator Good morning, and welcome to the Spanish Broadcasting's fourth quarter 2024 conference call. (Operator Instructions) I would now like to turn the conference over to [Mike Smargiassi]. Please go ahead. Mike Smargiassi Thank you, and good morning, everyone. Before we begin, please recognize that certain statements on this conference call are not historical facts. They may be deemed, therefore, to be forward-looking statements under the Private Securities Litigation Reform Act of 1995. In particular, statements about future results expected to be obtained from the company's current strategic initiatives are forward-looking statements. Many important factors may cause the company's actual results to differ materially from those discussed in any such forward-looking statements. Spanish Broadcasting System undertakes no obligation to publicly update or revise its forward-looking statements. Please also note that we will be discussing non-GAAP financial measures. The company believes that operating income before depreciation and amortization, loss on the disposal of assets, impairment charges and other operating expenses excluding noncash stock-based compensation or adjusted OIBDA, is useful in evaluating its performance because it reflects the measure of performance of the company's stations before considering costs and expenses related to capital structure and dispositions. This information is not intended to be considered in isolation or as a substitution for operating income, net income or loss, cash flows from operating activities or any other measure used in determining the company's operating performance or liquidity that is calculated in accordance with US GAAP. With the formalities aside, I will now turn the conference over to Mr. Raul Alarcon. Raul Alarcon Thank you, Mike. Good morning, ladies and gentlemen, and thank you for joining me today to review the SBS financial results and operational highlights for calendar year 2024. And let me just say that for brevity's sake, if you permit, I'm going to refer mainly to the entire year of 2024 as I believe Q4 was, in many ways, a pretty accurate reflection of the corresponding year and I'd like to avoid being repetitive. So let me begin by saying that in every conceivable way, 2024 was very much a watershed year. Starting in Q1, the company moved expeditiously to replace two C-level officers and to restructure its executive ranks and focus on the strategic initiatives and operational procedures needed to restore EBITDA growth, which has been and will always be our number one priority. We began this process by fine-tuning, retooling and reinvigorating our live and local radio brands, the core of our business by undertaking new talent rollouts in the majority of our markets and staying on the cutting edge of whatever is trending and popular with our listeners not only in their music preferences, but also with the company's on-air hosts and entertainers. A great example of this is the on-air debut of Raul Brindis our new morning talent in Houston, who sky rocketed to the top of the ratings in record time, a bit more on that later. 2024 was also the year of the implementation of our DAVid initiative, which is code for the real-time audio visual redeployment of our leading radio content to live and on-demand digital streaming, principally for our LaMusica platform, the number one Latino music app as well as across our rapidly growing multichannel network of digital video platforms, including our flagship YouTube channels, our soon-to-be announced connected TV distribution partnership and for our output of viral short-form clips for the Instagrams, TikTok and Facebook reels of the world. All of these elements designed to reinforce LaMusica's evolution into a premier audiovisual entertainment destination. As an example, LaMusica is now streaming a selection of the most compelling audio content from the multimedia group in Mexico an arrangement that will surely enure to the benefit of both parties as well as the audience is eager to consume a content that would otherwise be unobtainable. I'll be speaking much more about this in the future. Of course, but let me just say that we believe this transformation of SBS into an audio-visual exhibitor of the most compelling Hispanic content as Nielsen has been confirming for years, holds the key to the future of the company as a global content creator and distributor. We also branched out into the important market of Texas with our December 2024 acquisition of KROI-FM in Houston, the third largest US Hispanic market, where we introduced our newest SBS star host and iconic morning drive personality, Raul Brindis, resulting in the station's stunning ratings climb in less than 90 days. Suffice it to say that the station is now ranked number one among all Hispanic competitors morning-drive and number one, overall in Houston, irrespective of language or format. In terms of streaming the Raul Brindis show has already added over 225,000 unique users as of April with a staggering time spent listening and/or viewing average of 75 minutes. And the company also continued to host the finest multi-act concert performances in Latin Entertainment by enlisting the top performers and participating sponsors in creating successful and profitable live audience experiences. But most importantly, ladies and gentlemen, we successfully accomplished all of these initiatives while significantly growing the company's EBITDA by a healthy 71% versus the prior year, successfully reducing over $16.3 million in costs and increasing EBITDA from $23 million in 2023 to over $40 million in 2024 without any diminution in audience or revenue. This was achieved by undertaking a scrupulous top-to-bottom review of company personnel and a corresponding line-by-line examination on all operational expenses, which continues to this day, as necessitated by the market gyrations and advertiser uncertainties prevalent in recent months. Looking forward, we will continue to innovate, create, regulate and propagate our company's assets in order to best serve our audiences as well as our brand partners and our diverse constituency of stakeholders. Thank you for your time today, ladies and gentlemen. I very much look forward to addressing you again during our upcoming Q1 earnings call. Have a good morning. Operator The conference has now concluded. Thank you for attending today's presentation. You may now disconnect. Sign in to access your portfolio
Associated Press
22-04-2025
- Business
- Associated Press
Global Industrial Company to Report First Quarter 2025 Results on April 29, 2025
PORT WASHINGTON, NY / ACCESS Newswire / April 22, 2025 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial equipment and supplies, today announced that it will release financial results for the first quarter ended March 31, 2025, on Tuesday, April 29, 2025, after U.S. market hours. Management will host a conference call and question and answer session on the Company's results at 5:00 p.m. Eastern Time on April 29th. To access the call, please dial (412)-317-6347 five minutes prior to the start time. The call will also be available via webcast on the Company's website at If you are unable to listen to the call at its scheduled time, the webcast will be archived for approximately 90 days. About Global Industrial Company Global Industrial Company (NYSE:GIC), through its operating subsidiaries, is a value-added distributor. Leveraging over 75 years of experience, Global Industrial specializes in providing industrial equipment and supplies to small- to medium-sized businesses, large enterprises, and the public sector. Global Industrial is committed to its customer-centric strategy and leverages a team of subject matter experts, products from its Global Industrial Exclusive BrandsTM, and national vendor relationships to help customers succeed. At Global Industrial, 'We Can Supply That®". Investor/Media Contact: Mike Smargiassi/Collin Dreizen The Plunkett Group 212-739-6729 [email protected] / [email protected] SOURCE: Global Industrial Company press release
Yahoo
22-04-2025
- Business
- Yahoo
Global Industrial Company to Report First Quarter 2025 Results on April 29, 2025
PORT WASHINGTON, NY / / April 22, 2025 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial equipment and supplies, today announced that it will release financial results for the first quarter ended March 31, 2025, on Tuesday, April 29, 2025, after U.S. market hours. Management will host a conference call and question and answer session on the Company's results at 5:00 p.m. Eastern Time on April 29th. To access the call, please dial (412)-317-6347 five minutes prior to the start time. The call will also be available via webcast on the Company's website at If you are unable to listen to the call at its scheduled time, the webcast will be archived for approximately 90 days. About Global Industrial CompanyGlobal Industrial Company (NYSE:GIC), through its operating subsidiaries, is a value-added distributor. Leveraging over 75 years of experience, Global Industrial specializes in providing industrial equipment and supplies to small- to medium-sized businesses, large enterprises, and the public sector. Global Industrial is committed to its customer-centric strategy and leverages a team of subject matter experts, products from its Global Industrial Exclusive BrandsTM, and national vendor relationships to help customers succeed. At Global Industrial, "We Can Supply That®". Investor/Media Contact:Mike Smargiassi/Collin DreizenThe Plunkett Group212-739-6729mike@ / collin@ SOURCE: Global Industrial Company View the original press release on ACCESS Newswire
