Monarch Casino posts record Q1 revenue $116.6M, Adj. EBITDA $36.5M; declares $0.30 dividend

MONARCH CASINO & RESORT INC

2023-Q1 EPS reported $0.90 revenue$116,644,000

Net revenue $116.6M (record, +7.7% YoY); diluted EPS $0.90 (-2.2% from $0.92 due to higher tax rate).
Adjusted EBITDA $36.5M (+6.2%) with margin 31.3%; strong Black Hawk performance offsets Reno weather disruption.
Declares quarterly cash dividend of $0.30/share, payable June 15, 2023 to holders of record June 1, 2023; part of $1.20 annual.
Capital expenditures $15.2M in Q1 for room upgrades and casino carpet at Atlantis; cash $34M, debt $51M.
Paid $5.00 special dividend in March 2023 funded by cash and credit facility.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MONARCH CASINO & RESORT INC reported the first quarter ended March 31, 2023 results: revenue $ 116,644, net income 17,670, EPS $ 0.92.

Period: the first quarter ended March 31, 2023
Revenue: $ 116,644
Net income: 17,670
EPS: $ 0.92
Result: reported results

Exact text from the filing

ended March 31, 2023, as summarized below: ($ in thousands, except per share data and percentages) Three Months Ended March 31, 2023 2022 Increase / (Decrease) Net revenue $ 116,644 $ 108,318 7.7% Net income (1) 17,670 18,118 (2.5%) Adjusted EBITDA (3) $ 36,480 $ 34,342 6.2% Basic EPS $ 0.92 $ 0.96 (4.2%) Diluted EPS (2) $ 0.90 $ 0.92 (2.2%) (1) Net Income

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Source: SEC EDGAR

accession 0001171843-23-002413

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