earnings
confidence high
sentiment positive
materiality 0.80
Ryman Hospitality Q3 record revenue $528.5M, raises FY2023 guidance
Ryman Hospitality Properties, Inc.
2023-Q3 EPS reported
$2.78
revenue$1,525,073,000
- Q3 consolidated revenue $528.5M (+13% YoY); net income $40.8M; record Adjusted EBITDAre $170.9M.
- Same-store Hospitality record revenue $396.2M; booked 695k future group room nights at ADR $268 (+6.3%).
- Entertainment segment (OEG) set Q3 records for revenue, operating income, and adjusted EBITDA.
- Company raised full-year 2023 guidance on strong YTD results and confidence in remainder of year.
- Recorded $10.6M loss from winding down Circle joint venture; operations to cease Dec 31, 2023.