earnings
confidence high
sentiment neutral
materiality 0.75
Golden Entertainment Q1 revenue $174M, net income $42M, declares $0.25 dividend
NEW ROYAL HOLDCO I INC.
2024-Q1 EPS reported
$1.37
revenue$174,047,000
- Revenue $174.0M vs $278.1M YoY; Adjusted EBITDA $41.0M vs $62.2M YoY, declines from asset sales.
- Net income $42.0M ($1.37 diluted EPS) vs $11.6M ($0.38); includes $69.7M gain on Nevada distributed gaming sale.
- Declared recurring quarterly cash dividend of $0.25/share, payable July 2, 2024, record June 14.
- Completed Nevada distributed gaming sale Jan 10 for $213.5M + $37.5M purchased cash; fully repaid $287M senior notes April 15.
- Total debt reduced to $402.2M; cash $404.3M at March 31, no revolver borrowings.