Golden Entertainment Q2 net income down 42% to $12.3M; declares $2.00 special dividend, increases buyback to $100M

NEW ROYAL HOLDCO I INC.

2023-Q2 EPS reported $0.78 revenue$564,732,000

Q2 revenue $286.7M (-1% YoY); net income $12.3M ($0.40 diluted EPS) vs $21.2M ($0.67) in Q2 2022.
Adjusted EBITDA $58.4M vs $75.0M in prior-year quarter, impacted by STRAT renovations.
Board declares $2.00 per share special dividend payable Aug 25, record Aug 11; buyback authorization upped to $100M.
Closed Rocky Gap sale in July; used $175M proceeds to repay term loan; expects distributed gaming sale by end of 2023.
Completed $640M debt refinancing in May; no outstanding on $240M revolver as of June 30.

item 2.02 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

NEW ROYAL HOLDCO I INC. reported second quarter ended June 30, 2023 results: revenue $286.7 million, net income $12.3 million, EPS $0.40 per fully diluted share.

Period: second quarter ended June 30, 2023
Revenue: $286.7 million
Net income: $12.3 million
EPS: $0.40 per fully diluted share
Result: reported results

Exact text from the filing

GOLDEN ENTERTAINMENT REPORTS 2023 SECOND QUARTER RESULTS; DECLARES SPECIAL CASH DIVIDEND OF $2.00 PER SHARE – Second quarter revenue of $286.7 million, net income of $12.3 million and Adjusted EBITDA of $58.4 million

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Source: SEC EDGAR

accession 0001071255-23-000081

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