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Saga Communications, Inc. reports media-company developments tied to its radio, digital, e-commerce, local online news and other non-traditional revenue initiatives. The company acquires, develops and operates broadcast properties, with stations and metro signals serving advertisers across 28 markets.
Recurring SGA news includes quarterly and year-end financial results, station operating income and other non-GAAP measures, advertising and political revenue trends, digital revenue, capital expenditures and conference-call schedules. Company announcements also cover cash dividends on Class A common stock, share repurchases, investor presentations and governance or leadership-continuity updates when they affect operations.
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.
Saga Communications, Inc. (Nasdaq - SGA) announced a quarterly cash dividend of $0.16 and a special cash dividend of $0.50 per share, totaling approximately $4.0 million to be paid on January 14, 2022. Shareholders on record as of December 27, 2021 will be eligible. Since 2012, the company has distributed over $77 million in dividends, indicating strong shareholder returns. The company plans to continue regular dividends and may consider future special dividends or stock buybacks.
Saga Communications reported a strong performance for Q3 2021, with net revenue increasing to $28.8 million, up from $24.1 million YoY. Operating income rose to $4.6 million from $247 thousand last year. Free cash flow also saw improvement, reaching $4.0 million compared to $2.8 million in Q3 2020. For the nine-month period, net revenue was $79.2 million, up from $67.1 million, while net income totaled $7.5 million. The company maintains a solid balance sheet with $62.2 million in cash as of September 30, 2021, and has paid over $73 million in dividends since 2012.
Saga Communications, Inc. (Nasdaq: SGA) will announce its 3rd Quarter 2021 results on November 4, 2021, at 9:00 a.m. EDT. A conference call will follow at 1:00 p.m. EDT, with dial-in options available for participants. Questions for the company must be emailed by 11:00 a.m. EDT on the same day. The earnings release will include non-GAAP measures such as station operating income and free cash flow, with a reconciliation provided. Saga operates in 27 markets with a total of 79 FM and 34 AM radio stations.
Saga Communications, Inc. (Nasdaq - SGA) has declared a quarterly cash dividend of $0.16 per share, to be paid on October 22, 2021, to shareholders on record as of October 8, 2021. This dividend payment totals approximately $960 thousand and will be funded from the Company’s cash reserves. Since 2012, Saga has distributed over $73 million in dividends. The Company plans to continue paying quarterly dividends and may also consider special dividends or stock buybacks in the future.
Saga Communications reported a net revenue of $28.0 million for Q2 2021, up from $16.9 million YoY. Station operating income hit $8.4 million, a turnaround from a $181 thousand loss last year. Free cash flow improved to $4.2 million from a negative $1.8 million. Net income for the quarter was $3.3 million, with diluted EPS at $0.54. For H1 2021, net revenue was $50.3 million, a rise from $42.9 million. The company reinstated a dividend of $0.16 per share, totaling $960 thousand. Cash on hand was $59.4 million with minimal bank debt.