earnings
confidence high
sentiment neutral
materiality 0.80
Golden Entertainment Q3 revenue $257.7M, net income $241.2M from asset sales; special dividend paid
NEW ROYAL HOLDCO I INC.
2023-Q3 EPS reported
$8.58
revenue$822,458,000
- Revenue $257.7M vs $279.0M YoY, down 8% due to divestitures of Rocky Gap and Montana gaming.
- Net income $241.2M ($7.83 diluted EPS) includes $305.8M gain on sales; prior year $14.0M ($0.45).
- Adjusted EBITDA $53.2M vs $61.1M YoY; decline reflects partial-quarter results from sold assets.
- Closed $260M sale of Rocky Gap Casino Resort (July) and $109M sale of Montana distributed gaming (Sept).
- Paid special $2.00/share cash dividend; repurchased 252,395 shares for $9.1M; reduced term loans by $176M.