Golden Entertainment Q4 revenue $230.7M, net loss $9.4M; initiates $0.25 quarterly dividend
NEW ROYAL HOLDCO I INC.
- Q4 revenue $230.7M (down from $279.7M YoY); net loss $9.4M ($0.33/sh) vs net income $11.1M prior year; Adj EBITDA $48.8M.
- Full year 2023 net income $255.8M ($8.31/sh) includes $303.2M gain on divestitures; Adj EBITDA $222.5M vs $267.1M.
- Completed sale of Nevada distributed gaming in Jan 2024 for $213.5M; combined with prior sales total proceeds >$600M.
- Repaid $238.6M of debt in 2023, including $59M in Q4; no borrowings on $240M revolver.
- Initiated recurring quarterly cash dividend of $0.25/sh, first payable April 4, 2024 to holders of record March 18.