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Saga Communications, Inc. (Symbol: SGA) is a prominent broadcast company primarily engaged in the acquisition, development, and operation of radio stations, television stations, and state radio networks. With a strategic focus on mid-sized markets, Saga operates an impressive portfolio of broadcast properties across 25 markets. This includes 62 FM and 30 AM radio stations, a state radio network, 2 farm radio networks, 4 television stations, and 4 low power television stations.
Saga Communications employs a variety of programming formats to cater to diverse audience preferences, including classic hits, adult contemporary, active rock, oldies, news/talk, country, and classical music. Their television stations are affiliated with major networks such as CBS and FOX in Joplin, MO, and ABC, FOX, NBC, Telemundo, and Univision in Victoria, TX.
The company’s operating strategy emphasizes the development of strong, decentralized local management teams that handle the day-to-day operations of each station. This approach ensures that each station can effectively serve its local community while maintaining high operational standards. Saga Communications generates most of its revenue through the sale of advertising slots on its various broadcast platforms.
Recent achievements for Saga include expanding its market reach and enhancing its broadcasting capabilities. The company continually seeks to improve its services through technological advancements and strategic partnerships. Financially, Saga Communications maintains a solid position, reflected in its consistent performance and cash flow as indicated in its financial statements.
Saga’s commitment to quality broadcasting and local engagement has made it a significant player in the mid-sized market broadcasting industry. Investors and stakeholders can look forward to continued growth and innovation as the company pursues its objective of leading in top billing radio and television stations.
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.
Saga Communications, Inc. (Nasdaq: SGA) will announce its 2nd Quarter 2021 results on August 5, 2021, at 9:00 a.m. EDT. A conference call will follow at 11:00 a.m. EDT, with dial-in options available for both domestic and international participants. Questions can be submitted via email until 10:00 a.m. EDT on the same day. The earnings release will include non-GAAP financial measures such as station operating income and free cash flow, along with reconciliations to GAAP measures. Saga operates in 27 markets with 79 FM and 35 AM radio stations.
Saga Communications, Inc. (Nasdaq - SGA) has declared a quarterly cash dividend of $0.16 per share, set for payment on July 16, 2021, to shareholders of record on June 30, 2021. This amounts to an aggregate payment of approximately $960 thousand. Since 2012, the company has distributed over $72 million in dividends. Saga 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.
On May 6, 2021, Saga Communications (SGA) reported Q1 2021 revenue of $22.3 million, down from $26.1 million in Q1 2020. Net income stood at $758,000 with diluted earnings per share at $0.13. Station operating income dropped to $4.7 million from $5.5 million year-over-year, impacted by the previous year's land sale. Operating income was significantly affected as Q1 2020 included a $1.3 million gain from that sale. However, free cash flow increased by 21.4% to $1.8 million, and cash reserves remained strong at $56.3 million, with bank debt stable at $10 million.
Saga Communications, Inc. (Nasdaq: SGA) will announce its 1st Quarter 2021 results on May 6, 2021, at 9:00 a.m. EDT, followed by a conference call at 11:00 a.m. EDT. Interested parties can dial (973) 528-0008 with entry code 969222. Questions for the company must be emailed by 10:00 a.m. EDT on the same day to SagaIR@sagacom.com. The earnings release will include non-GAAP financial measures, with a reconciliation provided in the release.
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