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 2021

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Saga Communications reports steady growth, eyes strategic investments for 2023

Saga Communications delivered steady financial performance in Q4 2022 and full-year 2022, focusing on shareholder value through dividends and a strong balance sheet.
While facing challenges in pursuing buyout offers and quiet acquisition opportunities, Saga remains prepared for strategic growth and market expansion.
Opportunities lie in strategic investments, digital revenue growth, and the adoption of a new variable dividend policy to attract investors and drive sustained performance.

Saga Communications reports mixed Q1 results amid revenue diversification

Saga Communications reported a mixed performance in Q1 2023, with revenue growth from national sources and digital segments offset by challenges in station operating income and revenue pacing.
The company's strategic strengths lie in diversification efforts, disciplined operations, and shareholder value enhancement initiatives.
While facing challenges in operating expenses and market uncertainties, Saga remains focused on growth opportunities in digital, potential acquisitions, and prudent capital management.

Saga Communications reports Q2 revenue dip but sees growth opportunities

Saga Communications faced a slight revenue decline in Q2 2023, offset by growth in key revenue streams like national and interactive revenue.
The company's strategic investments and commitment to shareholder value highlight a focus on long-term sustainability and financial strength.
While challenges like uncertain pacing and expense increases exist, Saga's emphasis on opportunities for diversification and growth positions it well for the future.

Saga Communications reports mixed Q3 results, eyes e-commerce growth

Saga Communications delivered a mixed performance in Q3, with revenue growth in key areas offset by a decline in net revenue. The company's focus on strategic investments and strong balance sheet position them well for future opportunities. Challenges include managing expenses and navigating revenue fluctuations.

Saga Communications reports mixed Q4 results, eyes digital growth

Saga Communications navigated mixed financial results in Q4 2023, driven by growth in streaming and e-commerce segments amidst economic challenges.
The company's strategic acquisitions, revenue diversification efforts, and operational stability position it well for future growth and profitability.
Despite revenue declines in Q4, Saga's focus on digital initiatives and optimistic outlook for 2024 underscore its resilience and growth potential.

Saga Communications tackles revenue challenges with digital transformation and acquisitions

Saga Communications faced revenue challenges in Q1 2024 but showed resilience with strategic investments and growth in interactive and e-commerce revenue. The company is addressing industry challenges by focusing on digital transformation and enhancing customer engagement. Despite near-term hurdles, Saga is positioning itself for long-term success through acquisitions and a shift towards a more diversified media approach.

Saga Communications reports resilient Q3 performance amidst digital challenges

Saga Communications navigated turbulent times by focusing on digital expansion and a blended advertising approach. Despite revenue decline, the company maintained profitability and highlighted the importance of radio during crises. Challenges in digital growth and advertising market concerns were acknowledged, with opportunities identified for improvement and capitalization.

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GROSSE POINTE FARMS, Mich., Nov. 15, 2024 (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 13, 2024, to shareholders of record on November 25, 2024. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.6 million. The quarterly dividend will be funded by cash on the Company's balance sheet. Including this dividend, the Company will have paid approximately $135 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 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Chris Forgy - President & Chief Executive Officer Samuel Bush - Chief Financial Officer Conference Call Participants Operator Good day, everyone and welcome to the Saga Communications Third Quarter 2024 Earnings Release and Conference Call. At this time, all participants have been placed in a listen-only mode.

Saga Communications, Inc. (SGA) Q3 2024 Earnings Call Transcript

GROSSE POINTE FARMS, Mich., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company” or “Saga”) today reported that net revenue decreased 3.5% to $28.1 million for the quarter ended September 30, 2024 compared to $29.1 million for the same period last year. Station operating expense increased 3.1% for the quarter to $23.5 million compared to the same period last year. For the quarter, operating income was $1.6 million compared to $3.5 million for the same quarter last year and station operating income (a non-GAAP financial measure) decreased 21.2% to $6.0 million. Capital expenditures were $625 thousand for the quarter compared to $760 thousand for the same period last year. We had net income of $1.3 million for the quarter compared to net income of $2.7 million for the third quarter last year. Diluted earnings per share were $0.20 in the third quarter of 2024.

Saga Communications, Inc. Reports 3rd Quarter 2024 Results

GROSSE POINTE FARMS, Mich., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq: SGA) announced today that it will release its 3rd Quarter 2024 results at 9:00 a.m. EST on Thursday, November 7, 2024. 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 3rd Quarter 2024 Earnings Release and Conference Call

GROSSE POINTE FARMS, Mich., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company” or “Saga”) today announced the promotions of Samuel D. Bush to Executive Vice President as well as continuing his position as Chief Financial Officer and Treasurer. Mr. Bush joined Saga in 1997 as Vice President, Chief Financial Officer and Treasurer later being promoted to Senior Vice President in 2002.

Saga Communications, Inc. Announces Appointment of Samuel D. Bush to Executive Vice President and Wayne Leland to Chief Operating Officer

Saga Communications, Inc. (NASDAQ:SGA ) Q2 2024 Earnings Call August 8, 2024 11:00 AM ET Company Participants Chris Forgy - President and Chief Executive Officer Samuel Bush - Chief Financial Officer Operator Good morning, everyone, and welcome to the Saga Communications Second Quarter 2024 Earnings Release and Conference Call. [Operator Instructions] It is now my pleasure to turn the floor over to your host, Chris Forgy.

Saga Communications, Inc. (SGA) Q2 2024 Earnings Call Transcript

GROSSE POINTE FARMS, Mich., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company” or “Saga”) today reported that net revenue decreased 1.5% to $28.7 million for the quarter ended June 30, 2024 compared to $29.2 million for the same period last year. Station operating expense increased 5.1% for the quarter to $23.5 million compared to the same period last year. For the quarter, operating income was $2.1 million compared to $4.3 million for the same quarter last year and station operating income (a non-GAAP financial measure) decreased to $6.4 million from $8.0 million for the same period last year. Capital expenditures were $1.5 million for the quarter compared to $1.3 million for the same period last year. We had net income of $2.5 million for the quarter compared to net income of $3.4 million for the second quarter last year. Diluted earnings per share were $0.40 in the second quarter of 2024.

Saga Communications, Inc. Reports 2nd Quarter 2024 Results

GROSSE POINTE FARMS, Mich., July 15, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq: SGA) announced today that it will release its 2nd Quarter 2024 results at 9:00 a.m. EDT on Thursday, August 8, 2024. 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 2024 Earnings Release and Conference Call

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Saga Communications, Inc. (NASDAQ:SGA ) Q1 2024 Earnings Conference Call May 9, 2024 11:00 AM ET Company Participants Chris Forgy – President and Chief Executive Officer Sam Bush – Chief Financial Officer Conference Call Participants Operator Good morning, everyone, and welcome to the Saga Communications First Quarter 2024 Earnings Release and Conference Call. At this time all participants have been placed on a listen-only mode.

Saga Communications, Inc. (SGA) Q1 2024 Earnings Call Transcript

GROSSE POINTE FARMS, Mich., May 09, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company” or “Saga”) today reported that net revenue decreased 2.5% to $24.7 million for the quarter ended March 31, 2024 compared to $25.3 million for the same period last year. Station operating expense increased 5.9% for the quarter to $23.0 million compared to the same period last year. For the quarter, the operating loss was $2.4 million compared to operating income of $905 thousand for the same period last year and station operating income (a non-GAAP financial measure) decreased 40.9% to $2.8 million. The operating loss for the quarter included a $971 thousand other operating expense which was a non-cash write-off on the sale and abandonment of non-productive broadcast assets/licenses during the quarter. Capital expenditures were $1.1 million for the quarter compared to $1.4 million for the same period last year. We had a net loss of $1.6 million for the quarter compared to net income of $920 thousand for the first quarter last year. Diluted loss per share was $0.25 in the first quarter of 2024.

Saga Communications, Inc. Reports 1st Quarter 2024 Results

GROSSE POINTE FARMS, Mich., April 22, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq: SGA) announced today that it will release its 1st Quarter 2024 results at 9:00 a.m. EDT on Thursday, May 9, 2024. 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 2024 Earnings Release and Conference Call

GROSSE POINTE FARMS, Mich., March 07, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company,” “we,” “us,” “our” or “Saga”) announced today that its Board of Directors (“Board”) declared a variable dividend of $0.60 per share in conjunction with the Company's variable dividend policy. The dividend will be paid on April 5, 2024 with a record date of March 18, 2024. The aggregate amount of the payment will be approximately $3.8 million and the variable dividend will be funded by cash on the Company's balance sheet.

Saga Communications, Inc. Announces Variable Dividend Declaration and Reports 4th Quarter and Year End 2023 Results

GROSSE POINTE FARMS, Mich., Feb. 16, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq: SGA) announced today that it will release its 4th Quarter and Year End 2023 results at 9:00 a.m. EST on Thursday, March 7, 2024. 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 2023 Earnings Release and Conference Call

GROSSE POINTE FARMS, Mich., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq -SGA) announced today that it has entered into an agreement to purchase the assets of WKOA (FM), WKHY (FM), WASK (FM), WXXB (FM), WASK (AM) and W269DJ from Neuhoff Communications, Inc. serving the Greater Lafayette, IN radio market.

Saga Communications, Inc. Agrees to Acquire Radio Stations Serving the Greater Lafayette, IN Radio Market

GROSSE POINTE FARMS, Mich., Dec. 07, 2023 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company”, “Saga” or “our”) today announced that its Board of Directors (“Board”) declared a special cash dividend of $2.00 per share. The dividend will be paid on January 12, 2024, to shareholders of record on December 20, 2023. The aggregate amount of the payment to be made in connection with the special dividend will be approximately $12.5 million. The special cash dividend will be funded by cash on the Company's balance sheet and is in line with the Board's goal of reducing our ongoing cash and short-term investment balances to approximately $25 million prior to future cash flows being recognized. The Board continues to have discussions relative to the right level of cash to maintain on our balance sheet and this may change based on global, national, and local economic conditions, changes in the radio industry, and the potential for strategic acquisitions.

Saga Communications, Inc. Declares a Special Cash Dividend of $2.00 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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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.

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