Lee Enterprises is a leading provider of local news and information, and a major platform for advertising, with daily newspapers, rapidly growing digital products and, following its recent acquisition of BH Media Group, nearly 350 weekly and specialty publications serving 77 markets in 26 states. Lee's newspapers have average daily circulation of more than 1.2 million, and reach more than 44 million digital unique visitors. Lee's markets include St. Louis, MO; Buffalo, NY; Omaha, NE; Richmond, VA; Lincoln, NE; Madison, WI; Davenport, IA; and Tucson, AZ.
Company profile
Ticker
LEE
Exchange
Website
CEO
Kevin D. Mowbray
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
News • Mcclatchy • New York Times • Gannett • DallasNews • Daily Journal • Tribune Publishing • American Media ...
Former names
LEE ENTERPRISES INC
SEC CIK
Corporate docs
Subsidiaries
LEE PUBLICATIONS, INC. • ACCUDATA, INC. • Accudata, Inc. • LEE PROCUREMENT SOLUTIONS CO. • SIOUX CITY NEWSPAPERS, INC. • JOURNAL-STAR PRINTING CO. • LEE BHM CORP. • LEE CONSOLIDATED HOLDINGS CO. • MADISON NEWSPAPERS, INC. • FLAGSTAFF PUBLISHING CO. ...
LEE stock data
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
15 Mar 23
8-K
Other Events
10 Mar 23
DEFA14A
Additional proxy soliciting materials
3 Mar 23
DEF 14A
Definitive proxy
3 Mar 23
10-Q
2023 Q1
Quarterly report
2 Mar 23
8-K
Lee Enterprises reports strong digital growth in the first quarter
2 Mar 23
10-K
2022 FY
Annual report
27 Feb 23
8-K
Lee Enterprises Receives Notification from Nasdaq Related to Delayed Quarterly Report on Form 10-Q
13 Feb 23
NT 10-Q
Notice of late quarterly filing
6 Feb 23
8-K
Other Events
6 Feb 23
Transcripts
LEE
Earnings call transcript
2023 Q1
2 Mar 23
LEE
Earnings call transcript
2022 Q4
8 Dec 22
LEE
Earnings call transcript
2022 Q3
5 Aug 22
LEE
Earnings call transcript
2022 Q2
7 May 22
LEE
Earnings call transcript
2022 Q1
3 Feb 22
LEE
Earnings call transcript
2021 Q4
9 Dec 21
LEE
Earnings call transcript
2021 Q3
7 Aug 21
LEE
Earnings call transcript
2021 Q2
9 May 21
LEE
Earnings call transcript
2021 Q1
4 Feb 21
LEE
Earnings call transcript
2020 Q4
10 Dec 20
Latest ownership filings
4
Steven C. Fletcher
10 Mar 23
SC 13G/A
Mudrick Capital Management, L.P.
14 Feb 23
SC 13G/A
Mudrick Capital Management, L.P.
13 Feb 23
SC 13D/A
SLAINE MASON P
2 Feb 23
SC 13D/A
Praetorian PR LLC
17 Jan 23
4
Ray G Farris
3 Jan 23
3
Jolene N. Sherman
16 Dec 22
4
KEVIN MOWBRAY
13 Dec 22
4
Timothy R. Millage
13 Dec 22
4
MARY E JUNCK
13 Dec 22
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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| Revenue | |||||
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Sep 22 | Sep 21 | Sep 20 | Sep 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 18.35 mm | 18.35 mm | 18.35 mm | 18.35 mm | 18.35 mm | 18.35 mm |
| Cash burn (monthly) | (no burn) | 19.92 k | (no burn) | 40.83 k | 564.00 k | (no burn) |
| Cash used (since last report) | n/a | 58.82 k | n/a | 120.58 k | 1.67 mm | n/a |
| Cash remaining | n/a | 18.29 mm | n/a | 18.23 mm | 16.68 mm | n/a |
| Runway (months of cash) | n/a | 918.2 | n/a | 446.3 | 29.6 | n/a |
Institutional ownership, Q4 2022
| 13F holders | Current |
|---|---|
| Total holders | 41 |
| Opened positions | 8 |
| Closed positions | 10 |
| Increased positions | 8 |
| Reduced positions | 8 |
| 13F shares | Current |
|---|---|
| Total value | 35.74 bn |
| Total shares | 29.66 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Franklin Mutual Advisers | 22.65 mm | $28.54 mm |
| Archview Investment | 4.35 mm | $0.00 |
| Cannell Capital | 548.13 k | $10.17 bn |
| Praetorian Capital Management | 353.72 k | $6.57 bn |
| Slaine Mason P | 299.00 k | $5.50 mm |
| MNG Enterprises | 278.31 k | $6.87 mm |
| Solas Capital Management | 231.90 k | $4.30 bn |
| Vanguard | 222.32 k | $4.13 bn |
| MS Morgan Stanley | 112.71 k | $2.09 bn |
| Dimensional Fund Advisors | 82.00 k | $1.52 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 8 Mar 23 | Fletcher Steven C. | Common Stock | Buy | Acquire P | Yes | No | 15.98 | 2,000 | 31.96 k | 3,000 |
| 9 Dec 22 | Joseph J Battistoni | Common Stock | Grant | Acquire A | No | No | 0 | 4,197 | 0.00 | 16,047 |
| 9 Dec 22 | Nathan E. Bekke | Common Stock | Grant | Acquire A | No | No | 0 | 6,995 | 0.00 | 30,800 |
| 9 Dec 22 | Astrid J Garcia | Common Stock | Grant | Acquire A | No | No | 0 | 4,197 | 0.00 | 18,991 |
| 1 Jun 22 | Fletcher Steven C. | Common Stock | Grant | Acquire A | No | No | 0 | 2,841 | 0.00 | 8,644 |
News
Lee Enterprises's Return On Capital Employed Insights
8 Mar 23
Lee Enterprises Q1 EPS $0.19 Misses $0.27 Estimate, Sales $185.13M Miss $192.80M Estimate
2 Mar 23
Reported Late Tuesday Feb 14, Lee Enterprises Receives Notification From Nasdaq Due To Delayed Quarterly Report; Must Submit Plan Of Compliance To Nasdaq Within 60 Days Of The Extended Filing Due Date Of The 2022 Form 10-K, Or No Later Than Feb 27, 2023
15 Feb 23
Lee Enterprises Announced Notice of Failure to Satisfy a Continued Listing Rule or Standard from Nasdaq Due to Delay in Filing 10-K
30 Dec 22
Press releases
Lee Enterprises in compliance with Nasdaq listing standards
10 Mar 23
Lee Enterprises files 10-K and announces quarterly call and webcast March 2, 2023
27 Feb 23
Lee Enterprises Receives Notification from Nasdaq Related to Delayed Quarterly Report on Form 10-Q
14 Feb 23
Lee Enterprises Receives Notification from Nasdaq Related to Delayed Annual Report on Form 10-K
29 Dec 22