Financial Performance - Net revenue decreased 1.5% to $28.7 million for Q2 2024 compared to $29.2 million in Q2 2023[1] - Operating income for Q2 2024 was $2.1 million, down from $4.3 million in Q2 2023[1] - Net income for Q2 2024 was $2.5 million, compared to $3.4 million in Q2 2023[1] - For the six-month period ended June 30, 2024, net revenue decreased 2.0% to $53.4 million compared to $54.5 million in the same period last year[3] - Net operating revenue for the six months ended June 30, 2024, was $53,406,000, a decrease of 1.98% from $54,479,000 in the same period of 2023[15] - Net income for the three months ended June 30, 2024, was $2,501,000, down 25.4% from $3,350,000 in the same period of 2023[14] - Operating income for the three months ended June 30, 2024, was $2,143,000, a decline of 50% compared to $4,296,000 in the same period of 2023[14] - Basic earnings per share for the three months ended June 30, 2024, were $0.40, down from $0.55 in the same period of 2023[14] - Basic and diluted earnings per share for Q2 2024 were $0.15, compared to $0.70 in Q2 2023, reflecting a decrease of approximately 78.6%[18] - The adjusted net income for the six months ended June 30, 2024, was $4.793 million, down from $8.110 million in the same period of 2023[20] Operating Expenses - Station operating expense increased 5.1% to $23.5 million for Q2 2024 compared to the same period last year[1] - Station operating expense for the six-month period increased 5.5% to $46.5 million compared to the same period last year[3] - Station operating income for Q2 2024 was $6.411 million, compared to $7.966 million in Q2 2023, representing a decrease of approximately 19.5%[19] - Corporate general and administrative expenses for Q2 2024 were $3.049 million, an increase from $2.472 million in Q2 2023, marking a rise of approximately 23.3%[21] - Station depreciation and amortization for the six months ended June 30, 2024, was $2.365 million, slightly down from $2.395 million in the same period of 2023[19] Cash Flow and Investments - Cash flows from operating activities for the six months ended June 30, 2024, were $5,047,000, down from $6,038,000 in the same period of 2023[13] - Total adjustments in cash flows from operating activities for the six months ended June 30, 2024, were $4,123,000, compared to $1,768,000 in the same period of 2023[13] - Cash and cash equivalents at the end of the period on June 30, 2024, were $15,392,000, a decrease from $24,116,000 at the end of June 30, 2023[13] - The company reported a net decrease in cash and cash equivalents of $14,190,000 for the six months ended June 30, 2024[13] Capital Expenditures and Acquisitions - The company expects to spend approximately $5.0 – $5.5 million for capital expenditures during 2024[6] - Capital expenditures for the six months ended June 30, 2024, totaled $2.574 million, compared to $2.637 million in the same period of 2023[20] - The company closed on the acquisition of five radio stations and one translator in Lafayette, IN on May 31, 2024[4] Debt and Financial Ratios - Total long-term debt, including current maturities, stood at $5 million as of June 30, 2024[20] - Trailing twelve-month consolidated EBITDA for the period ended June 30, 2024, was $14.497 million, reflecting a leverage ratio of 0.34[20]

GROSSE POINTE FARMS, Mich., May 22, 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 June 28, 2024, to shareholders of record on June 3, 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 Com ...

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. It is now my pleasure to turn the floor over to your host, Chris Forgy. Sir, the ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-11588 Saga Communications, Inc. (Exact name of registrant as specified in its charter) Florida 38-3042953 (State ...

FQ1 2024 Earnings Call Transcripts Thursday, May 9, 2024 3:00 PM GMT S&P Global Market Intelligence Estimates 1 Table of Contents SAGA COMMUNICATIONS, INC. FQ1 2024 EARNINGS CALL MAY 09, 2024 SAGA COMMUNICATIONS, INC. FQ1 2024 EARNINGS CALL MAY 09, 2024 Christopher S. Forgy CEO, President & Director Forget the 7%, yet customers we deal with every single day, the ones that have "great relationships" with us. Spend over 60% of their money or they're ad budget with digital products and providers. And I'm not t ...

Financial Performance - Net revenue decreased by 2.5% to $24.7 million for Q1 2024 compared to $25.3 million in Q1 2023[1] - Operating loss for the quarter was $2.4 million, a decline from operating income of $905 thousand in the same period last year[1] - Net loss for the quarter was $1.6 million compared to net income of $920 thousand in Q1 2023[1] - Diluted loss per share was $0.25 in Q1 2024, down from earnings of $0.15 per share in Q1 2023[1] Expenses and Capital Expenditures - Station operating expenses increased by 5.9% to $23.0 million for the quarter[1] - Capital expenditures were $1.1 million for the quarter, down from $1.4 million in the same period last year[1] - The company expects to spend approximately $5.0 – $5.5 million on capital expenditures during 2024[3] Dividends and Shareholder Returns - The company paid a quarterly dividend of $0.25 per share, totaling approximately $1.6 million[2] - Total dividends paid to shareholders since 2012 exceeded $130 million, with plans for future regular and special dividends[2] Cash and Investments - As of March 31, 2024, the company had $28.8 million in cash and short-term investments[3]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________________________ to_______________________________ Commission file number 1-11588 SAGA COMMUNICATIONS, INC. (Exact name of registrant as ...

Saga Communications, Inc. (NASDAQ:SGA) Q4 2023 Earnings Conference Call March 7, 2024 11:00 AM ET Company Participants Christopher Forgy - President and Chief Executive Officer Samuel Bush - Senior Vice President and Chief Financial Officer Conference Call Participants Operator Good morning, everyone, and welcome to the Fourth Quarter and Year-End Earnings Release Conference Call. At this time, all participants have been placed on a listen-only mode. It is now my pleasure to turn the floor over to your host ...

The Company requests that all parties that have a question that they would like to submit to the Company please email the inquiry by 10:00 a.m. on March 7, 2024 to SagaIR@sagacom.com. The Company will discuss, during the limited period of the conference call, those inquiries it deems of general relevance and interest. Only inquiries made in compliance with the foregoing directions will be discussed during the call. Exhibit 99.1 Contact: Samuel D. Bush (313) 886-7070 Grosse Pointe Farms, MI – March 7, 2024 – ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-11588 Saga Communications, Inc. (State or other jurisdiction of incorporation or organization) 73 Kercheval ...