secwatch.observer — SEC 8-K summary
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Issuer:     SAGA COMMUNICATIONS INC (SGA)
CIK:        0000886136
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001558370-24-002674
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Saga Q4 net revenue down 3.3% to $29.1M; declares $0.60 variable dividend
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- Q4 net revenue $29.1M (-3.3% YoY); net income $2.5M ($0.37 diluted EPS) vs $4.3M last year.
- Full year net revenue $112.8M (-1.8%); net income $9.5M ($1.52 EPS) vs $9.2M.
- Operating income declined: Q4 $2.8M vs $4.9M; full year $11.5M vs $13.1M.
- Variable dividend of $0.60/share ($3.8M total) declared, payable April 5 to holders of record March 18.
- Agreement to buy Lafayette, IN radio stations for $5.3M; expected close Q2 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886136/000155837024002674/0001558370-24-002674-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886136/000155837024002674/sga-20240307x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-002674

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