Welcome to our dedicated page for Saga Coms news (Ticker: SGA), a resource for investors and traders seeking the latest updates and insights on Saga Coms stock.
Saga Communications, Inc. (Nasdaq: SGA) is a Florida-incorporated media company that operates broadcast properties and related media initiatives across 28 markets. The SGA news feed on this page brings together the company’s press releases and other coverage so readers can follow developments in its radio, digital, e‑commerce, local on-line news, and non-traditional revenue initiatives.
News about Saga frequently covers its financial results, including quarterly earnings releases detailing net operating revenue, station operating expense, operating income or loss, net income or loss, capital expenditures, and selected balance sheet data. These releases often include both GAAP figures and non-GAAP measures such as station operating income, same station financial information, pro forma financial information, trailing twelve-month consolidated EBITDA, and leverage ratio, along with reconciliations.
Investors can also find updates on capital allocation decisions, such as declarations of quarterly cash dividends on the company’s Class A Common Stock and announcements of stock repurchase transactions or potential stock buyback plans funded in part by asset sales. Additional news items highlight asset portfolio actions, including the sale of telecommunications tower sites combined with long-term antenna site leases that allow Saga to continue using the towers while adjusting its asset base.
Other Saga news includes information about investor conference presentations, board composition changes, and governance updates, such as amendments to the company’s bylaws. For readers tracking SGA, this page offers a centralized view of company-issued announcements and related coverage, making it easier to monitor how Saga’s broadcast operations, digital initiatives, financial performance, and corporate actions evolve over time.
Saga Communications, Inc. (SGA) announced a quarterly cash dividend increase to $0.25 per share and a special cash dividend of $2.00 per share, payable on October 21, 2022, to shareholders of record by October 3, 2022. The total cash outlay for these dividends will be approximately $13.6 million, contributing to over $93 million in dividends paid since 2012. The Board expressed confidence in Saga’s financial strength and future operational goals, aiming to maintain a consistent dividend issuance.
Saga Communications announced the passing of its founder, Chairman, President, and CEO, Ed Christian, on August 19, 2022. Warren Lada, a board member and former COO, has been appointed as the Interim CEO. Under Ed's leadership since 1986, Saga expanded to own 79 FM and 35 AM radio stations, alongside 80 translator stations in 27 markets, and became publicly traded in 1992 under the ticker symbol SGA. The company acknowledges Ed's significant impact on the broadcast industry and expresses condolences to his family and colleagues.
Saga Communications reported a 6.3% increase in net revenue to $29.8 million for Q2 2022, up from $28.0 million in Q2 2021. Station operating income rose by 10.6% to $9.3 million. The company's net income was $3.8 million, compared to $3.3 million the previous year. For the first half of 2022, revenue increased 8.8% to $54.8 million. However, free cash flow decreased to $3.2 million from $4.2 million. The company is investing in capital expenditures for future growth, including a $1.1 million property purchase.
Saga Communications, Inc. (Nasdaq: SGA) announced the release of its 2nd Quarter 2022 results on August 5, 2022, at 9:00 a.m. EDT. A conference call will follow at 11:00 a.m. EDT, where participants can discuss inquiries submitted in advance. The earnings release will include non-GAAP financial measures like station operating income and free cash flow, with a reconciliation to GAAP metrics provided. Saga operates 79 FM and 35 AM radio stations across 27 markets, reinforcing its position in the broadcasting industry.
Saga Communications (Nasdaq - SGA) has declared a quarterly cash dividend of $0.20 per share, up from $0.16. The dividend, amounting to approximately $1.2 million, will be paid on July 1, 2022, to shareholders of record on June 13, 2022. Since 2012, Saga has distributed over $79 million in dividends to its shareholders. The company plans to continue its regular quarterly cash dividends and may explore special cash dividends, stock dividends, and stock buybacks in the future.
Saga Communications reported a 12% increase in net revenue to $25 million for Q1 2022, up from $22.3 million year-over-year. Operating expenses also rose by 8.7%, totaling $20.6 million, while station operating income climbed 17.8% to $5.6 million. Net income reached $1.2 million compared to $758 thousand previously, resulting in diluted earnings per share of $0.20. The company declared a $0.16 quarterly dividend and a special $0.50 dividend earlier in the year, with total dividends paid exceeding $78 million since 2012. Cash on hand stood at $55.2 million.
Saga Communications (Nasdaq: SGA) will release its 1st Quarter 2022 financial results on May 5, 2022, at 9:00 a.m. EDT. A conference call is scheduled for the same day at 1:00 p.m. EDT, with dial-in details provided. Shareholders and interested parties can submit questions via email by 10:00 a.m. EDT on the same date. The earnings release will include non-GAAP financial measures, with reconciliations to GAAP measures included in the report.
Saga Communications reported a 13.1% increase in net revenue, reaching $108.3 million for the year ending December 31, 2021, compared to $95.8 million the previous year. Excluding political revenue, gross revenue grew 18.4%. Operating income rose to $15.1 million, up from $3.9 million last year. Free cash flow also increased to $13.8 million from $7.6 million. The company declared a quarterly dividend of $0.16 and a special dividend of $0.50 totaling $4 million in January 2022, contributing to over $78 million paid in dividends since 2012.
Saga Communications, Inc. (Nasdaq - SGA) announced a quarterly cash dividend of $0.16 per share, payable on April 8, 2022, to shareholders recorded by March 21, 2022. The total payout will be approximately $970 thousand, contributing to over $78 million in dividends paid since 2012. The company plans to continue regular quarterly dividends and may consider special dividends or stock buybacks in the future, reflecting its commitment to returning value to shareholders.
Saga Communications, Inc. (Nasdaq: SGA) will release its 4th Quarter and Year End 2021 results on March 10, 2022, at 9:00 a.m. EST. Following this, a conference call is scheduled for the same day at 1:00 p.m. EST to discuss the results. The company encourages participants to submit questions by 10:00 a.m. EST on the same day via email. The earnings release will include non-GAAP financial measures such as station operating income and free cash flow, with reconciliations provided in the release.