SAGA COMMUNICATIONS INC

Saga Communications reported a 6.5% decrease in net revenue to $26.4 million for the second quarter of 2026, with diluted earnings per share at $0.15. For the six-month period, net revenue fell 6.0% to $49.3 million, resulting in a diluted loss per share of $0.23. The company continued its dividend payments, distributing $0.25 per share, and improved its liquidity by repaying $5.0 million on its revolving credit facility, following a $10.7 million tower sale in October 2025.

Saga Communications, Inc. announced it will release its second-quarter 2026 earnings results on Thursday, August 13, 2026, at 9:00 a.m. EDT. The company will host a conference call on the same day at 11:00 a.m. EDT. Interested parties can submit questions via email by 10:00 a.m. EDT on August 13, 2026. The earnings release will also provide a reconciliation of non-GAAP financial measures to GAAP measures.

Saga Communications, Inc. held its Annual Meeting of Shareholders on June 1, 2026. Shareholders elected all seven director nominees for the upcoming year. Additionally, the appointment of Crowe LLP as independent auditors for fiscal year 2026 was ratified, and a non-binding advisory resolution approving named executive officer compensation was approved.

Saga Communications reported a net loss of $(2.39) million for the first quarter of 2026, a significant increase from the $(1.58) million loss in the prior year. Net operating revenue decreased by 5.55% to $22.87 million. The company maintained its quarterly dividend of $0.25 per share and has $15.1 million remaining authorization for its stock buy-back program.

Saga Communications, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share. This dividend, totaling approximately $1.6 million, will be paid on June 12, 2026, to shareholders of record on May 22, 2026. The company has paid over $145 million in dividends to shareholders since 2012 and intends to declare regular quarterly cash dividends in the future, subject to Board discretion.

Saga Communications reported a challenging first quarter for 2026, with net revenue decreasing 5.6% to $22.9 million compared to the prior year. The company posted an an operating loss of $3.3 million and a net loss of $2.4 million, resulting in a diluted loss per share of $0.38. Despite the losses, Saga declared a quarterly dividend of $0.25 per share and maintains a strong cash position of $30.4 million.

Saga Communications, Inc. announced that its Chief Executive Officer, Christopher S. Forgy, has resumed all regular duties and responsibilities following a medical leave. Mr. Forgy had been on a temporary medical leave of absence since February 13, 2026, for recovery from open heart surgery. During his recovery, he was available for consultation on significant matters and even led the company's 4th Quarter and Year-End 2025 conference call on March 12, 2026, with the executive team ensuring continuity of operations.

Saga Communications, Inc. announced it will release its first-quarter 2026 earnings results on Thursday, May 7, 2026, at 9:00 a.m. EDT. The company will host a conference call on the same day at 11:00 a.m. EDT to discuss the results. Interested parties can submit questions via email by 10:00 a.m. EDT on May 7, 2026, for discussion during the call.

Saga Communications, Inc. filed its annual report on Form 10-K for the fiscal year ended December 31, 2025. The company confirmed its status as a non-accelerated filer and a smaller reporting company, having met all SEC filing requirements. As of June 30, 2025, the aggregate market value of its Class A Common Stock held by nonaffiliates was reported at $52,914,030.