Saga Q2 revenue down 2.2% to $29.2M; net income $3.4M, EPS $0.55

SAGA COMMUNICATIONS INC

2023-Q2 EPS reported $0.70 revenue$55,879,000

Net revenue $29.2M (-2.2% YoY); operating income $4.3M vs $5.4M; station operating income $8.0M (-14.1%).
Diluted EPS $0.55 (Q2) and $0.70 (six months); net income $3.4M vs $3.8M.
Paid $0.25 quarterly dividend on June 16; cash $34.4M at June 30; capex guidance $5.0-5.5M for 2023.
Station operating expense rose 2.9% to $22.4M; capital expenditures $1.3M in quarter vs $2.6M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SAGA COMMUNICATIONS INC reported the three and six months ended June 30, 2023 results: revenue $29.2 million, net income $3.4 million, EPS $0.55.

Period: the three and six months ended June 30, 2023
Revenue: $29.2 million
Net income: $3.4 million
EPS: $0.55
Result: reported results

Exact text from the filing

Saga Communications, Inc. (Nasdaq - SGA) (the "Company" or "Saga") today reported that net revenue decreased 2.2% to $29.2 million for the quarter ended June 30, 2023 compared to $29.8 million for the same period last year.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SAGA COMMUNICATIONS INC reported the six-month period ended June 30, 2023 results: revenue $54.5 million, net income $4.3 million, EPS $0.70.

Period: the six-month period ended June 30, 2023
Revenue: $54.5 million
Net income: $4.3 million
EPS: $0.70
Result: reported results

Exact text from the filing

Net revenue decreased 0.6% to $54.5 million for the six-month period ended June 30, 2023 compared to $54.8 million for the same period last year.

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Source: SEC EDGAR

accession 0001558370-23-013781

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