Monarch Q4 revenue record $128.2M, net income down 18.9%; $0.30 dividend declared

MONARCH CASINO & RESORT INC

2023-FY EPS reported $4.20 revenue$501,478,000

Q4 net revenue $128.2M (+6.3% YoY); adjusted EBITDA $43.0M (+3.4% YoY), both quarterly records.
Net income $18.2M (-18.9%), diluted EPS $0.93 (-18.4%) due to tax rate, litigation costs, depreciation.
Paid down remaining credit facility; no outstanding long-term debt as of post-Q4.
Trial concluded with PCL Construction; submitted to Denver court; ongoing litigation costs $2.8M in Q4.
Declared $0.30 quarterly dividend payable March 15, record March 1, unchanged from prior quarter.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

MONARCH CASINO & RESORT INC reported the fourth quarter ended December 31, 2023 results: revenue $128,186, net income $18,202, EPS $0.93 per diluted share.

Period: the fourth quarter ended December 31, 2023
Revenue: $128,186
Net income: $18,202
EPS: $0.93 per diluted share
Result: reported results

Exact text from the filing

below: ($ in thousands, except per share data and percentages) Three Months Ended December 31, Twelve Months Ended December 31, 2023 2022 Change 2023 2022 Change Net revenue $128,186 $120,536 6.3% $501,478 $477,870 4.9% Net income (1) $18,202 $22,433 (18.9%) $82,448 $87,479 (5.8%) Adjusted EBITDA (3) $43,003 $41,588 3.4% $170,832 $167,085 2.2% Basic earnings

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Source: SEC EDGAR

accession 0001171843-24-000805

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