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BALTIMORE - Sinclair, Inc. (NASDAQ:SBGI), a diversified media company currently trading near its InvestingPro Fair Value with a remarkable 57% stock return over the past year, disclosed today that Lucy Rutishauser, the Executive Vice President and Chief Financial Officer, will retire following the appointment and transition of her successor. The company has initiated the process to identify a new CFO, considering both internal and external candidates. Rutishauser is expected to continue contributing to Sinclair as a senior advisor post-retirement.
David Smith, Sinclair’s Executive Chairman, praised Rutishauser’s 26-year tenure, highlighting her leadership during significant events such as industry consolidations, the Great Recession, and a major cybersecurity incident. Smith emphasized her role in effectively communicating Sinclair’s value to investors and managing complex capital market transactions that facilitated the company’s growth and transformation.
Chris Ripley, Sinclair’s President & CEO, also commended Rutishauser for her financial stewardship, which recently included a nearly $4 billion restructuring of the company’s balance sheet. Ripley noted her mentorship and leadership qualities that have strengthened the financial acumen and problem-solving skills within the organization.
Rutishauser, who joined Sinclair in 1998 and has been serving as CFO since January 1, 2017, expressed gratitude for her journey with the company and enthusiasm for her future endeavors, which will focus on board service and advisory roles. She also mentioned Sinclair’s strong financial position and ongoing value-creating initiatives.
Throughout her career, Rutishauser has received multiple recognitions for her leadership and contributions to the financial sector. She is actively involved with several boards and non-profit organizations, and in 2021, she was among the few female CFOs at the helm of the largest revenue-based companies in the United States.
As Sinclair commences the search for Rutishauser’s replacement, the company aims for a smooth transition to maintain its strong financial standing and support its future initiatives. The company currently maintains a healthy 5.9% dividend yield and has consistently paid dividends for 16 consecutive years. This news is based on a press release statement from Sinclair, Inc.For detailed analysis of Sinclair’s financial health, performance metrics, and future outlook, investors can access the comprehensive Pro Research Report available on InvestingPro, which provides in-depth coverage of this and 1,400+ other US stocks.
In other recent news, Sinclair Broadcasting has reported its fourth-quarter 2024 earnings, revealing a notable performance in several areas despite challenges in core advertising. The company achieved an adjusted EBITDA of $330 million, surpassing its guidance by $5 million, with distribution revenue increasing by 5% year-over-year. However, core advertising revenue saw a decline of 9% during the same period. Looking ahead to the first quarter of 2025, Sinclair projects revenues between $765 million and $779 million, with EBITDA estimates ranging from $90 million to $102 million. Guggenheim Securities has maintained its Buy rating on Sinclair Broadcasting while lowering the stock price target from $19 to $17, reflecting a more cautious outlook on near-term revenue prospects. The firm cites weaker core advertising trends and minimal political advertising revenue due to 2025 being a non-election year as influencing factors. Meanwhile, Benchmark analysts have retained a Buy rating with a price target of $30, highlighting Sinclair’s ability to exceed expectations in EBITDA generation and its strategic use of cash for potential mergers and acquisitions. Sinclair’s openness to major M&A activity and the possibility of stock buybacks has been underscored as a point of interest for investors.
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