Saga Communications (SGA) Reports Q4 EPS of $0.72

Saga Communications (NASDAQ: SGA) reported Q4 EPS of $0.72, versus $2.52 reported last year. Revenue for the quarter came in at $32.9 million, versus $31.46 million reported last year.

• Net revenue increased 4.7% to $32.9 million for the quarter ended December 31, 2018.
• Income from continuing operations before tax increased $2.3 million to $6.0 million compared to $3.7 million last year.
• Operating income increased $2.1 million to $6.0 million and station operating expense increased $523 thousand to $23.8 million for the quarter.
• Diluted earnings per share from continuing operations was $0.72/share in the fourth quarter of 2018 compared to $2.52/share during the same period in 2017.
• During the 4th quarter of 2017 the Company recognized an income tax benefit of $11.2 million compared to an income tax expense of $1.7 million for the same period in 2018.
• The income tax benefit in 2017 was primarily due to an $11.5 million reduction in our deferred tax liability as a result of the Tax Cuts and Jobs Act.
• Free cash flow from continuing operations was $5.9 million for the quarter ended December 31, 2018 compared to $6.6 million for the same period in 2017.

For earnings history and earnings-related data on Saga Communications (SGA) click here.

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