earnings
confidence high
sentiment positive
materiality 0.85
Monarch Casino Q3 net rev $111.6M (+86.5% YoY), Adj EBITDA $40.3M record, diluted EPS $1.15
MONARCH CASINO & RESORT INC
2021-Q3 EPS reported
$2.51
revenue$284,309,000
- Net revenue $111.6M (86.5% YoY increase); net income $22.3M (+107.7%); diluted EPS $1.15 (+101.8%).
- Adjusted EBITDA $40.3M (94.9% YoY increase); record 36.1% margin for second consecutive quarter.
- Black Hawk ramp-up drives growth; legacy facility transformation to add ~25% casino space, 35% restaurant seating by year-end.
- Colorado table game bet limit removal and Baccarat addition increased high-value player visitation.
- Made $27M in Term Loan principal payments; no borrowings on $70M revolver; evaluating acquisition opportunities.