secwatch.observer — SEC 8-K summary
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Issuer:     SAGA COMMUNICATIONS INC (SGA)
CIK:        0000886136
Form:       8-K
Filed at:   2023-03-09T23:59:59+00:00
Accession:  0001558370-23-003264
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Saga Communications FY2022 revenue up 6% to $114.9M; adjusted EPS $2.15 vs $1.85 prior year
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- FY2022 net revenue $114.9M (+6.0% YoY); reported diluted EPS $1.52; adjusted diluted EPS $2.15 (excl. founder death-related costs).
- Q4 revenue $30.1M (+3.3%); diluted EPS $0.70; operating income flat at $4.9M.
- Declared $0.25 quarterly dividend payable Apr 7; also paid $2.00 special dividend on Jan 13.
- Cash and short-term investments $46.9M at Dec 31, 2022; 2023 capex guided $5.0-5.5M.
- Founder death in Aug 2022 caused one-time expenses; adjusted operating income would have risen 12.3% to $16.9M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886136/000155837023003264/0001558370-23-003264-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886136/000155837023003264/sga-20230309x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-003264

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