Meredith Corporation is the leading media and marketing company providing consumers with multiple well-known national brands and local television brands in fast-growing markets. Meredith is the industry leader in creating content in key consumer interest areas such as home, family, food, health and agriculture. The Company uses multiple distribution platforms – including print, television, digital, mobile, tablets, and video – to give consumers content they desire and to deliver the messages of its advertising and marketing partners.

Additionally, Meredith uses its many assets to create powerful custom marketing solutions for many of the nation's top brands and companies. Meredith Xcelerated Marketing has significantly added to its capabilities in recent years through the acquisition of cutting-edge companies in digital, mobile, social, healthcare, database, and international marketing.

Company Growth (employees)
Type
Public
Parent Company
Media General
HQ
Des Moines, US
Founded
1902
Size (employees)
3,600 (est)-2%
Meredith was founded in 1902 and is headquartered in Des Moines, US

Meredith Office Locations

Meredith has offices in Des Moines, New York, Charleston, Chicago and in 22 other locations
Des Moines, US (HQ)
1716 Locust St
Seattle, US
500 413 Pine St
Northampton, US
47 Pleasant St
Los Angeles, US
500 Cornerstone Plaza 1990 S Bundy Dr
Troy, US
150 Wilshire Plaza West 1050 Wilshire Dr
Chicago, US
333 N Michigan Ave
Show all (26)

Meredith Data and Metrics

Meredith Financial Metrics

Meredith's revenue was reported to be $425.4 m in Q3, 2017
USD

Revenue (Q3, 2017)

425.4 m

Net income (Q3, 2017)

39.8 m

EBIT (Q3, 2017)

70 m

Market capitalization (25-Jul-2017)

2.8 b

Cash (31-Mar-2017)

27.4 m
Meredith's current market capitalization is $2.8 b.
USDFY, 2014FY, 2015FY, 2016

Revenue

1.5 b1.6 b1.6 b

Revenue growth, %

9%3%

Sales and marketing expense

914.2 m

Operating expense total

1.3 b1.4 b1.5 b

EBIT

186.5 m242.1 m130.6 m

EBIT margin, %

13%15%8%

Interest expense

12.2 m19.4 m(20.4 m)

Interest income

10 k

Pre tax profit

174.3 m222.8 m110.2 m

Income tax expense

(60.8 m)(86 m)(76.3 m)

Net Income

113.5 m136.8 m33.9 m
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Revenue

371.2 m398.9 m398.2 m384.7 m406.4 m422.8 m399.9 m442.6 m425.4 m

Sales and marketing expense

218 m241.4 m206 m218.7 m241.6 m222.4 m225.9 m267.1 m210.7 m

Operating expense total

218 m241.4 m206 m218.7 m241.6 m222.4 m225.9 m267.1 m210.7 m

EBIT

52.9 m68.9 m47.1 m29 m60.1 m128 m60.8 m109.8 m70 m

EBIT margin, %

14%17%12%8%15%30%15%25%16%

Interest expense

(4.2 m)(4.8 m)(5.2 m)(5.3 m)(5.3 m)(5.1 m)(4.7 m)(4.7 m)(4.6 m)

Pre tax profit

48.6 m64.1 m41.9 m23.7 m54.8 m122.9 m56 m105.1 m65.4 m

Income tax expense

(19.2 m)(24.5 m)(16.7 m)(12.7 m)(22.3 m)(42 m)(22 m)(33.3 m)(25.7 m)

Net Income

29.4 m39.6 m25.3 m11 m32.5 m80.9 m34 m71.8 m39.8 m
USDFY, 2014FY, 2015FY, 2016

Cash

36.6 m22.8 m25 m

Accounts Receivable

257.6 m284.6 m273.9 m

Inventories

24 m24.7 m20.7 m

Current Assets

470 m482.5 m481.2 m

Goodwill

841.6 m1 b883.1 m

Total Assets

2.5 b2.8 b2.6 b

Accounts Payable

81.4 m93.9 m82.1 m

Total Debt

715 m795 m695 m

Current Liabilities

483.1 m531 m477.9 m

Total Liabilities

1.7 b

Additional Paid-in Capital

41.9 m49 m54.3 m

Retained Earnings

814.1 m870.9 m818.7 m

Total Equity

891.7 m951.9 m889 m

Debt to Equity Ratio

0.8 x0.8 x0.8 x

Debt to Assets Ratio

0.3 x0.3 x0.3 x

Financial Leverage

2.9 x3 x3 x
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Cash

30.3 m18.1 m19.7 m29.9 m27.9 m17.2 m32.1 m44.5 m27.4 m

Accounts Receivable

263.6 m289.7 m269.5 m278.2 m294.6 m281.3 m273.4 m284.8 m275.5 m

Inventories

22.2 m26.2 m29.5 m24.2 m23.4 m24 m21.9 m20 m25.7 m

Current Assets

476 m522.7 m470.3 m520.1 m531.5 m488.6 m501.7 m531.5 m494.9 m

Goodwill

840.8 m941.2 m1 b998.3 m1 b1 b883.1 m895.4 m895.4 m

Total Assets

2.5 b2.8 b2.8 b2.9 b2.9 b2.8 b2.6 b2.7 b2.6 b

Accounts Payable

77.3 m76.3 m83.7 m96.9 m76.9 m71.2 m74.5 m75.7 m75.7 m

Current Liabilities

436.2 m484.4 m506.7 m536.9 m510.1 m509.6 m475.2 m491.4 m464.8 m

Additional Paid-in Capital

40.7 m43.6 m47.2 m55.4 m59 m56.5 m56.2 m55.3 m54.8 m

Retained Earnings

824 m844.2 m848.9 m861.2 m873 m931.6 m830.2 m879.7 m895.9 m

Total Equity

901.2 m923.1 m929.7 m946.4 m964 m1 b904.4 m955.9 m972.7 m

Financial Leverage

2.8 x3 x3 x3 x3 x2.8 x2.9 x2.8 x2.7 x
USDFY, 2014FY, 2015FY, 2016

Net Income

113.5 m136.8 m33.9 m

Depreciation and Amortization

59.9 m57.8 m59.2 m

Accounts Receivable

(2.4 m)(19 m)10.7 m

Inventories

4.1 m(1 m)3.5 m

Accounts Payable

1.6 m10 m(11.9 m)

Cash From Operating Activities

178.1 m192.3 m226.6 m

Cash From Investing Activities

(442.3 m)(206.8 m)(31.5 m)

Long-term Borrowings

(301 m)(390 m)(267.5 m)

Dividends Paid

(75.4 m)(80 m)(86.1 m)

Cash From Financing Activities

273.1 m740 k(193 m)

Interest Paid

11.3 m19.1 m20.2 m

Income Taxes Paid

35 m40.4 m73 m
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Net Income

29.4 m39.6 m25.3 m11 m32.5 m80.9 m34 m71.8 m39.8 m

Depreciation and Amortization

12.8 m14.3 m14.6 m15.1 m15 m14.6 m13.9 m13.5 m13.3 m

Accounts Receivable

263.6 m289.7 m269.5 m278.2 m294.6 m281.3 m273.4 m284.8 m275.5 m

Inventories

22.2 m26.2 m29.5 m24.2 m23.4 m24 m21.9 m20 m25.7 m

Accounts Payable

77.3 m76.3 m83.7 m96.9 m76.9 m71.2 m74.5 m75.7 m75.7 m
Y, 2017

Financial Leverage

2.7 x

Meredith Market Value History

Meredith Job Categories

Meredith Median Salaries

Source: 16 public H-1B filings from Meredith

Meredith Online and Social Media Presence

Meredith News and Updates

Meredith Company Life and Culture

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