Saga Communications

Saga Communications, Inc. operates as a broadcasting company, which engages in the acquisition, development, and operation of broadcast properties. The company was founded by Edward K. Christian in 1986 and is headquartered in Grosse Pointe Farms, MI.

Earnings data Q1 2024

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GROSSE POINTE FARMS, Mich., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company”, “Saga” or “our”) today announced that its Board of Directors (“Board”) declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on December 15, 2023, to shareholders of record on November 27, 2023. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.5 million. The quarterly dividend will be funded by cash on the Company's balance sheet. Including this dividend, the Company will have paid approximately $113 million in dividends to shareholders since the first special dividend was paid in 2012.

Saga Communications, Inc. Declares a Quarterly Cash Dividend of $0.25 per Share

Saga Communications, Inc. (NASDAQ:SGA ) Q3 2023 Earnings Conference Call November 2, 2023 11:00 AM ET Company Participants Chris Forgy - CEO Sam Bush - CFO Operator Good day, and welcome to the Saga Communications Inc. Third Quarter Earnings Release and Conference Call. [Operator Instructions] It is now my pleasure to turn the floor over to your host, Chris Forgy, President and CEO.

Saga Communications, Inc. (SGA) Q3 2023 Earnings Call Transcript

Saga Communications (SGA) came out with quarterly earnings of $0.45 per share, missing the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.62 per share a year ago.

Saga Communications (SGA) Q3 Earnings Miss Estimates

GROSSE POINTE FARMS, Mich., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company” or “Saga”) today reported that net revenue decreased 2.8% to $29.2 million for the quarter ended September 30, 2023 compared to $30.0 million for the same period last year. Station operating expense increased 2.1% for the quarter to $22.8 million compared to the same period last year. For the quarter, operating income was $3.5 million compared to $1.1 million for the same quarter last year and station operating income (a non-GAAP financial measure) decreased 14.7% to $7.6 million. Capital expenditures were $760 thousand for the quarter compared to $1.2 million for the same period last year. We had net income of $2.7 million for the quarter compared to a net loss of $104 thousand for the third quarter last year. Diluted earnings per share were $0.45 in the third quarter of 2023.

Saga Communications, Inc. Reports 3rd Quarter 2023 Results

GROSSE POINTE FARMS, Mich., Oct. 04, 2023 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq: SGA) announced today that it will release its 3rd Quarter 2023 results at 9:00 a.m. EDT on Thursday, November 2, 2023. The company will be holding a conference call on the same date at 11:00 a.m. EDT. The dial-in numbers are as follows:

Saga Communications, Inc. Announces Date and Time of 3rd Quarter 2023 Earnings Release and Conference Call

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Are Investors Undervaluing Saga Communications (SGA) Right Now?

Is Saga Communications (SGA) Stock Undervalued Right Now?

Is Saga Communications (SGA) a Great Value Stock Right Now?

Saga Communications, Inc. (NASDAQ:SGA ) Q2 2023 Results Conference Call August 8, 2023 11:00 AM ET Company Participants Chris Forgy - CEO Sam Bush - CFO Operator Good morning, everybody, and welcome to the Saga Communications Inc. Second Quarter Earnings Release and Conference Call. [Operator Instructions] And it is now my pleasure to turn the floor over to your host, Mr.

Saga Communications, Inc. (SGA) Q2 2023 Earnings Call Transcript

Saga Communications reported increased quarterly expenses related to programming, which may lead to long-term FCF growth. The company has a clean balance sheet with no financial debt, which facilitates promised inorganic growth. The market fails to recognize the know-how of Saga Communications.

Saga: Better-Than-Expected Sales, Programming Growth May Lead To FCF Growth

GROSSE POINTE FARMS, Mich., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company” or “Saga”) today reported that net revenue decreased 2.2% to $29.2 million for the quarter ended June 30, 2023 compared to $29.8 million for the same period last year. Station operating expense increased 2.9% for the quarter to $22.4 million compared to the same period last year. For the quarter, operating income was $4.3 million compared to $5.4 million for the same quarter last year and station operating income (a non-GAAP financial measure) decreased 14.1% to $8.0 million. Capital expenditures were $1.3 million for the quarter compared to $2.6 million for the same period last year. We had net income of $3.4 million for the quarter compared to net income of $3.8 million for the second quarter last year. Diluted earnings per share were $0.55 in the second quarter of 2023.

Saga Communications, Inc. Reports 2nd Quarter 2023 Results

GROSSE POINTE FARMS, Mich., July 11, 2023 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq: SGA) announced today that it will release its 2nd Quarter 2023 results at 9:00 a.m. EDT on Tuesday, August 8, 2023. The company will be holding a conference call on the same date at 11:00 a.m. EDT. The dial-in numbers are as follows:

Saga Communications, Inc. Announces Date and Time of 2nd Quarter 2023 Earnings Release and Conference Call

Saga Communications, Inc. (NASDAQ:SGA ) Q1 2023 Earnings Conference Call May 3, 2023 11:00 AM ET Company Participants Sam Bush - CFO Conference Call Participants Operator Good day, ladies and gentlemen, and welcome to the Saga Communications Inc. 20223 First Quarter Earnings Release and Conference Call. It is now my pleasure to turn the floor over to your host, Sam Bush.

Saga Communications, Inc. (SGA) Q1 2023 Earnings Call Transcript

GROSSE POINTE FARMS, Mich., May 03, 2023 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company” or “Saga”) today reported that net revenue increased 1.3% to $25.3 million for the quarter ended March 31, 2023 compared to $25.0 million for the same period last year. Station operating expense increased $1.1 million for the quarter to $21.7 million compared to the same period last year. A significant part of the increase in station operating expense for the quarter was due to a $272 thousand increase in our self-insured health care costs and a $446 thousand increase in employee compensation including payroll taxes at the station level. After a number of years of holding the Company's compensation expenses flat, we decided that adjustments in our employee compensation were warranted in consideration of the economic times and inflationary environment. For the quarter, station operating income decreased $770 thousand to $4.8 million, and operating income was $905 thousand compared to $1.7 million for the same quarter last year. Free cash flow was $1.1 million for the quarter compared to $1.9 million for the same period last year. Capital expenditures were $1.4 million for the quarter compared to $923 thousand for the same period last year. We had net income of $920 thousand for the quarter compared to net income of $1.2 million for the first quarter last year. Diluted earnings per share were $0.15 in the first quarter of 2023.

Saga Communications, Inc. Reports 1st Quarter 2023 Results

GROSSE POINTE FARMS, Mich., April 04, 2023 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq: SGA) announced today that it will release its 1st Quarter 2023 results at 9:00 a.m. EDT on Wednesday, May 3, 2023. The company will be holding a conference call on the same date at 11:00 a.m. EDT. The dial-in numbers are as follows:

Saga Communications, Inc. Announces Date and Time of 1st Quarter 2023 Earnings Release and Conference Call

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Saga Communications: 60% Upside Potential With A Strong Catalyst

Saga Communications, Inc. (NASDAQ:SGA ) Q4 2022 Earnings Conference Call March 9, 2023 11:00 AM ET Company Participants Christopher Forgy - President & Chief Executive Officer Samuel Bush - Chief Financial Officer Conference Call Participants Operator Good day, ladies and gentlemen, and welcome to the Saga Communications Fourth Quarter and Year-End Earnings Release Conference Call. [Operator Instructions] It is now my pleasure to turn the floor over to your host, Chris Forgy, President and CEO at Saga Communications.

Saga Communications, Inc. (SGA) Q4 2022 Earnings Call Transcript

GROSSE POINTE FARMS, Mich., March 09, 2023 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company” or “Saga”) reported today that net revenue increased 6.0% to $114.9 million for the twelve-month period ended December 31, 2022 compared to $108.3 million for the same period last year. Despite strong underlying performance the results were impacted by one-time payments during the 3rd Quarter related to the passing in August of our founder Ed Christian. The actual results as well as the results adjusted for the impact of his passing are reported in this financial results release. Station operating expense increased 5.2% for the twelve-month period to $87.5 million compared to the same period last year. For the twelve-month period, station operating income increased 5.7% to $32.3 million and operating income was $13.1 million compared to $15.1 million for the same period last year. Free cash flow was $10.5 million for the twelve-month period compared to $13.8 million for the same period last year. Capital expenditures for the twelve months were $6.0 million compared to $4.0 million for the same period last year. Net income was $9.2 million for the twelve-month period compared to $11.2 million for the same period last year. Diluted earnings per share were $1.52 for the twelve month period.

Saga Communications, Inc. Reports 4th Quarter and Year End 2022 Results

GROSSE POINTE FARMS, Mich., Feb. 23, 2023 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq: SGA) announced today that it will release its 4th Quarter and Year End 2022 results at 9:00 a.m. EST on Thursday, March 9, 2023. The company will be holding a conference call on the same date at 11:00 a.m. EST. The dial-in numbers are as follows:

Saga Communications, Inc. Announces Date and Time of 4th Quarter and Year End 2022 Earnings Release and Conference Call

GROSSE POINTE FARMS, Mich., Dec. 07, 2022 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company,” “Saga,” “us,” or “our”) today announced the declaration of a quarterly and special cash dividend, a new variable dividend policy, changes to leadership on the Board of Directors, and an update on the Company's strategic initiatives.

Saga Communications, Inc. Reports Dividends, Leadership Changes and Other Updates

GROSSE POINTE FARMS, Mich., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company” or “Saga”) today announced the confirmation of Christopher Forgy as the Company's President and Chief Executive Officer (“CEO”) effective December 7, 2022. He will lead the company in continuing the strategy to acquire, develop and operate radio stations in unique markets where Saga can impact and connect with the communities where we operate as Ed Christian directed since founding the Company in 1986. Chris has served as Saga's Senior Vice President/Operations since 2018.

Saga Communications, Inc. Announces the Appointment of New President/CEO and Senior Vice President/Operations

Saga Communications' Q3-22 earnings were disappointing due to a one-time accrual. Revenue growth was 6.1% year over year when backing out political contributions, a good sign of strength in the underlying business.

Saga Communications: One-Time Accrual Impacts Q3

GROSSE POINTE FARMS, Mich., Nov. 03, 2022 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company” or “Saga”) today reported financial results for the quarter ended September 30, 2022. Despite strong underlying performance the results were impacted by one-time payments related to the passing of our founder Ed Christian. The actual results as well as the results adjusted for the impact of his passing are reported in this financial results release. Net revenue increased 3.9% to $30.0 million for the quarter ended September 30, 2022 compared to $28.8 million for the same period last year. Station operating expense increased 2.8% for the quarter to $22.3 million compared to the same period last year. For the quarter, station operating income increased 4.1% to $8.9 million, and operating income was $1.1 million compared to $4.6 million for the same quarter last year. Free cash flow was $1.6 million for the quarter compared to $4.0 million for the same period last year. Capital expenditures for the quarter and the same period last year were $1.2 million. We had a net loss of $104 thousand for the quarter compared to net income of $3.5 million for the third quarter last year. Diluted earnings per share were $(0.01) in the third quarter of 2022.

Saga Communications, Inc. Reports 3rd Quarter 2022 Results

GROSSE POINTE FARMS, Mich., Oct. 13, 2022 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq: SGA) announced today that it will release its 3rd Quarter 2022 results at 9:00 a.m. EDT on Thursday, November 3rd, 2022. The company will be holding a conference call on the same date at 11:00 a.m. EDT. The dial-in numbers are as follows:

Saga Communications, Inc. Announces Date and Time of 3rd Quarter Earnings Release and Conference Call

GROSSE POINTE FARMS, Mich., Sept. 20, 2022 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company”, “Saga” or “our”) today announced that its Board of Directors declared an increased quarterly cash dividend of $0.25 per share and a special cash dividend of $2.00 per share. The dividend will be paid on October 21, 2022, to shareholders of record on October 3, 2022. The aggregate amount of the payment to be made in connection with the quarterly and special dividends will be approximately $13.6 million. The quarterly and special cash dividends will be funded by cash on the Company's balance sheet. Including this dividend, the Company will have paid over $93.0 million in dividends to shareholders since the first special dividend was paid in 2012.

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