secwatch.observer — SEC 8-K summary
======================================

Issuer:     SAGA COMMUNICATIONS INC (SGA)
CIK:        0000886136
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001558370-24-011483
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Saga Communications Q2 net income falls 26% to $2.5M; revenue down 1.5% to $28.7M
--------------------------------------------------------------------------------

- Q2 operating income halved to $2.1M from $4.3M; station operating income (non-GAAP) fell to $6.4M from $8.0M.
- Six-month net income $0.9M vs $4.3M; operating loss $0.3M vs income of $5.2M; diluted EPS $0.15.
- Acquired five radio stations and one translator in Lafayette, IN on May 31, 2024; operated one month in Q2.
- Paid quarterly dividend $0.25/share on June 28; aggregate $1.6M. Cash plus short-term investments $24.1M at June 30; $5.0M drawn on revolver.
- Full-year capex guidance maintained at $5.0–$5.5M; YTD capex flat at $2.6M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886136/000155837024011483/0001558370-24-011483-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886136/000155837024011483/sga-20240808x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-011483

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer