earnings
confidence high
sentiment positive
materiality 0.75
Monarch Casino & Resort posts record Q3: revenue $133.7M, Adj. EBITDA $51.7M (+28% YoY)
MONARCH CASINO & RESORT INC
2022-Q3 EPS reported
$3.33
revenue$357,334,000
- Record Q3 net revenue $133.7M (+19.8% YoY); net income $27.5M (+23.2%); diluted EPS $1.41 (+22.6%).
- Adjusted EBITDA record $51.7M (+28.3% YoY); margin 38.7%, also a record.
- Paid down $38M in debt; net cash position of $33.1M with $27M term loan outstanding.
- Litigation costs with PCL Construction impacted net income by $2.8M ($0.14 EPS) in Q3; $6.5M for 9 months.