Monarch Casino reports record Q4 revenue $120.5M, diluted EPS $1.14; declares $5.00 special dividend

MONARCH CASINO & RESORT INC

2022-FY EPS reported $4.47 revenue$477,870,000

Q4 net revenue $120.5M (+8.5% YoY), net income $22.4M, diluted EPS $1.14, Adj EBITDA $41.6M.
Full year net revenue $477.9M (+20.9% YoY), net income $87.5M, diluted EPS $4.47, Adj EBITDA $167.1M.
One-time $5.00/share dividend payable Mar 15 to record Mar 1; recurring annual dividend $1.20/share starting Q2 2023.
New $100M revolver with $100M accordion, maturity Jan 2025; cash position $38.8M at Dec 31, 2022.
Litigation with PCL Construction impacted net income by $0.8M in Q4 and $7.3M for full year 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MONARCH CASINO & RESORT INC reported the fourth quarter and full year ended December 31, 2022 results: revenue $120,536, net income $22,433, EPS $1.14.

Period: the fourth quarter and full year ended December 31, 2022
Revenue: $120,536
Net income: $22,433
EPS: $1.14
Result: reported results

Exact text from the filing

($ in thousands, except per share data and percentages) Three Months Ended December 31, Twelve Months Ended December 31, 2022 2021 Increase 2022 2021 Increase Net revenue $ 120,536 $ 111,068 8.5 % $ 477,870 $ 395,377 20.9 % Net income (1) $ 22,433 $ 19,871 12.9 % $ 87,479 $ 68,488 27.7 % Adjusted EBITDA (3) $ 41,588 $ 39,015 6.6 % $ 167,085 $ 137,294 21.7 %

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Source: SEC EDGAR

accession 0001171843-23-000963

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