Monarch Casino & Resort posts record Q1: revenue $108.3M (+44.5%), net income +122%

MONARCH CASINO & RESORT INC

2022-Q1 EPS reported $0.92 revenue$108,318,000

Net revenue of $108.3M, up 44.5% YoY; net income $18.1M, up 122.2%.
Adjusted EBITDA $34.3M (+50.4%); diluted EPS $0.92 (+119%).
Expanded Monarch Black Hawk drove record Q1 results; table games revenue increased significantly.
Capex $23.7M for Atlantis room remodel; $10M debt repaid; no revolver balance.
CEO notes strong start but cautions labor inflation may pressure near-term margins.

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