earnings
confidence medium
sentiment neutral
materiality 0.65
United Parks & Resorts reports preliminary Q2 rev ~$495-500M; launches credit amendment to $700M revolver
United Parks & Resorts Inc.
2024-Q2 EPS reported
$1.26
revenue$795,016,000
- Attendance of 6.2M guests (+100k YoY); total revenue ~$495-500M, roughly flat vs $496M in Q2 2023.
- Net income ~$87-95M vs $87.1M; Adjusted EBITDA ~$215-220M vs $224.2M in prior year quarter.
- Launched amendment to refinance first lien term loan, increase revolver from $390M to $700M, extend maturities (subject to conditions).
- Full Q2 results expected to be filed on Form 10-Q by August 9, 2024.