Tegna Inc. (NYSE: TGNA) recently announced the approval of all board of directors’ proposals at the 2025 annual shareholder meeting. The shareholders re-elected board chair Howard D. Elias, CEO Mike Steib, and independent directors Gina L. Bianchini, Catherine Dunleavy, Stuart J. Epstein, Scott K. McCune, Henry W. McGee, Neal B. Shapiro, Denmark West, and Melinda C. Witmer while Karen H. Grimes retired from the board after five years of service.
Additionally, shareholders approved the compensation of the company’s named executive officers on an advisory basis and ratified the appointment of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for the 2025 fiscal year.
In terms of financial performance, Tegna Inc. reported a significant increase in its revenue and net income in the latest period compared to the previous period. The company's revenue rose to $2.3 billion, reflecting a 9% increase, while its net income surged to $248 million, marking a substantial 27% growth.
Furthermore, Tegna Inc. experienced a notable improvement in its operating margin, which expanded to 25% from the prior period's 22%. This indicates increased efficiency in the company's operations and management of costs.
Moreover, the company's earnings per share (EPS) demonstrated a strong performance, climbing to $1.12 from the previous period's $0.89, showcasing a robust 26% growth in profitability on a per-share basis.
The market has reacted to these announcements by moving the company's shares -0.18% to a price of $16.71. Check out the company's full 8-K submission here.
