Monarch Casino Q2 net revenue $115.3M (+18%); Adjusted EBITDA $39.5M records

MONARCH CASINO & RESORT INC

2022-Q2 EPS reported $1.92 revenue$223,607,000

Net revenue $115.3M, up 18% YoY; casino revenue up 10.7%, F&B up 28.7%, hotel up 31.1%.
Diluted EPS $0.99 vs $0.93 in prior-year quarter; net income $19.4M (+7.1%).
Adjusted EBITDA $39.5M, a Q2 record; increased 12.2% YoY.
Litigation costs with Black Hawk general contractor totaled $2.4M in Q2, reducing EPS by $0.12.
Reduced Term Loan principal by $15.0M; outstanding $65.0M; $70M revolver undrawn.

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