secwatch.observer — SEC 8-K summary
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Issuer:     United Parks & Resorts Inc. (PRKS)
CIK:        0001564902
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0000950170-24-021629
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United Parks reports Q4 net income $40.1M; proposes $500M buyback subject to non-Hill Path vote
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- Q4 attendance record 5.0M guests; total revenue $389.0M (-0.4% YoY); net income $40.1M (-$9.0M).
- FY2023 revenue $1,726.6M, net income $234.2M (-19.6% YoY); Adj. EBITDA $713.5M (-2.0%).
- Total revenue per capita record $79.91 (+1.3%); in-park per capita record $35.75 (+2.4%).
- Board proposes $500M share buyback authorization, contingent on non-Hill Path shareholder approval.
- Amended Stockholders Agreement with Hill Path requires disinterested stockholder approval for future acquisitions and certain related-party transactions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1564902/000095017024021629/0000950170-24-021629-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1564902/000095017024021629/prks-20240228.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-021629

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