Last10K.com

A. H. Belo Corp (AHC) SEC Filing 10-Q Quarterly report for the period ending Sunday, June 30, 2019

A. H. Belo Corp

CIK: 1413898 Ticker: AHC

Exhibit 99.1

Picture 2



A. H. Belo Corporation Announces Second Quarter 2019 Financial Results



DALLAS –  A. H. Belo Corporation (NYSE: AHC) today reported second quarter 2019 net income of $16.9 million, or $0.78 per fully diluted share. In the second quarter of 2018,  the Company reported a  net loss of $0.5 million, or $(0.03) per share. Second quarter 2019 net income was driven by $28.0 million in proceeds from the sale of real estate previously used as the Company’s headquarters, resulting in a pretax gain of $25.9 million which for tax purposes is fully offset by net operating loss carryforwards.

For the second quarter of 2019, on a non-GAAP basis, A. H. Belo reported operating income adjusted for certain items (adjusted operating income) of $0.2 million,  a decline of $1.5 million, or 87.5 percent, from $1.8 million reported in the second quarter of 2018. The decline was primarily due to $1.9 million of expense related to a strategy review with an outside consulting firm.

On July 18, the Company established a single operations decision-making structure to include Belo + Company, beginning a leadership transition that results in Tim Storer, Belo + Company's president, assuming an advisory role at this time and departing A. H. Belo at the end of the year.

Robert W. Decherd, chairman, president and Chief Executive Officer, said, The Company’s operating results in the second quarter are encouraging on several levels. The Dallas Morning News is finding its footing in pursuing its digital subscription objectives and is well along in its plan to launch a new website on the Arc platform in September. The creation of a single decision-making structure for all of the Company’s operations under Grant Moise, including digital marketing services, gives additional lift to these initiatives. I want to thank Tim Storer for everything he has done over the past five years to establish a dynamic digital marketing services capability for our Company and for the extraordinarily constructive role he has played on our Management Committee.


The following information was filed by A. H. Belo Corp (AHC) on Monday, July 29, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate A. H. Belo Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by A. H. Belo Corp.

Continue

Assess how A. H. Belo Corp's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

A. H. Belo Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

Tools

Rating

Learn More
Bullish Bearish Neutral
Filter by Sentiment:
All
Positive
Negative
Filter by Category:
All
Revenue
Financial
M & A
Filter by Subcategory:
All
Product
Expense
Shares
Cash Flow
Other
Inside A. H. Belo Corp's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Operations
Consolidated Statements Of Shareholders' Equity
Consolidated Statements Of Shareholders' Equity (Parenthetical)
Acquisitions
Acquisitions (Narrative) (Details)
Acquisitions (Preliminary Allocation Of Purchase Price) (Details)
Acquisitions (Tables)
Basis Of Presentation And Recently Issued Accounting Standards
Basis Of Presentation And Recently Issued Accounting Standards (Policy)
Contingencies
Earnings Per Share
Earnings Per Share (Narrative) (Details)
Earnings Per Share (Schedule Of Earnings Per Share Reconciliation) (Details)
Earnings Per Share (Tables)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Narrative) (Details)
Goodwill And Intangible Assets (Schedule Of Identifiable Intangible Assets) (Details)
Goodwill And Intangible Assets (Tables)
Income Taxes
Income Taxes (Narrative) (Details)
Leases
Leases (Narrative) (Details)
Leases (Remaining Maturities Of Lease Liabilities) (Details)
Leases (Schedule Of Components Of Lease Expense And Supplemental Cash Flow Information For Leases) (Details)
Leases (Schedule Of Future Minimum Obligations For Operating Leases As Determined Prior To Adoption Of Asu 2016-02) (Details)
Leases (Schedule Of Supplemental Consolidated Balance Sheet Information For Leases) (Details)
Leases (Tables)
Pension And Other Retirement Plans
Pension And Other Retirement Plans (Narrative) (Details)
Pension And Other Retirement Plans (Policy)
Pension And Other Retirement Plans (Schedule Of Net Periodic Pension Benefit) (Details)
Pension And Other Retirement Plans (Tables)
Related Party Transactions
Related Party Transactions (Details)
Revenue
Revenue (Disaggregated By Revenue Source) (Details)
Revenue (Narrative) (Details)
Revenue (Remaining Performance Obligations, Start Date ) (Details)
Revenue (Tables)
Sales Of Assets
Sales Of Assets (Narrative) (Details)
Segment Reporting
Segment Reporting (Narrative) (Details)
Segment Reporting (Reportable Segment Information) (Details)
Segment Reporting (Tables)
Shareholders' Equity
Shareholders' Equity (Changes In Accumulated Other Comprehensive Loss) (Details)
Shareholders' Equity (Narrative) (Details)
Shareholders' Equity (Policy)
Shareholders' Equity (Tables)

Material Contracts, Statements, Certifications & more

A. H. Belo Corp provided additional information to their SEC Filing as exhibits

Ticker: AHC
CIK: 1413898
Form Type: 10-Q Quarterly Report
Accession Number: 0001413898-19-000033
Submitted to the SEC: Mon Jul 29 2019 12:50:40 PM EST
Accepted by the SEC: Mon Jul 29 2019
Period: Sunday, June 30, 2019
Industry: Newspapers Publishing Or Publishing And Printing

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/ahc/0001413898-19-000033.htm