SeaWorld Q2 preliminary results: revenue $494-497M, net income $85-88M; also announces debt repricing & note redemption

United Parks & Resorts Inc.

2023-Q2 EPS reported $1.09 revenue$789,375,000

Q2 attendance 6.1M guests (-3.2% vs Q2 2022); total revenue expected $494-497M vs $504.8M.
Net income $85-88M vs $116.6M; Adjusted EBITDA $222-225M vs $234.4M. Decline driven by higher interest & lower revenues.
Cash and cash equivalents ~$147M as of June 30, 2023.
Launched repricing of Term Loan Facility; conditional redemption of $227.5M 8.75% senior secured notes due 2025 on Aug 31.
Redemption price 102.188% of principal plus accrued interest; conditioned on completion of financing.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

United Parks & Resorts Inc. reported three months ended June 30, 2023 results: revenue $494-$497 million, net income $85-$88 million.

Period: three months ended June 30, 2023
Revenue: $494-$497 million
Net income: $85-$88 million
Result: preliminary results

Exact text from the filing

• Total revenues is expected to be approximately $494-$497 million, compared to $504.8 million in Q2 2022. The decline was largely a result of a decrease in attendance, partially offset by an increase in total revenue per capita. • Net income is expected to be approximately $85-$88 million, compared to $116.6 million in Q2 2022.

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Source: SEC EDGAR

accession 0000950170-23-036167

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