Saga Communications, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 09, 2023 at 09:06 am EST
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Saga Communications, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was USD 30.13 million compared to USD 29.15 million a year ago. Net income was USD 4.28 million compared to USD 3.69 million a year ago. Basic earnings per share from continuing operations was USD 0.7 compared to USD 0.6 a year ago. Diluted earnings per share from continuing operations was USD 0.7 compared to USD 0.6 a year ago.
For the full year, the company reported sales was USD 114.89 million compared to USD 108.34 million a year ago. Net income was USD 9.2 million compared to USD 11.16 million a year ago. Basic earnings per share from continuing operations was USD 1.52 compared to USD 1.85 a year ago. Diluted earnings per share from continuing operations was USD 1.52 compared to USD 1.85 a year ago.
Saga Communications, Inc. is a broadcast company. The Company is primarily engaged in acquiring, developing, and operating broadcast properties. The Company owns approximately 79 frequency modulation (FM), 34 AM radio stations, and 80 metro signals serving over 27 markets, including Asheville, Bellingham, Brattleboro, Bucyrus, Champaign, Charleston, Charlottesville, Clarksville, Columbus, Des Moines, Greenfield, Harrisonburg, Hilton Head Island, Ithaca, Jonesboro, Keene, Manchester, Mitchell, Norfolk, Ocala, Northampton, Portland, Spencer, Springfield, and Yankton. The radio stations that the Company owns and/or operates employ a variety of programming formats, including Classic Hits, Adult Hits, Top 40, Country, Country Legends, Mainstream/Hot/Soft Adult Contemporary, Pure Oldies, Classic Rock, and News/Talk. Its stations broadcast primarily in small to mid-size markets.
SAGA COMMUNICATIONS, INC. 
