secwatch.observer — SEC 8-K summary
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Issuer:     MONARCH CASINO & RESORT INC (MCRI)
CIK:        0000907242
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001171843-24-000805
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/907242/000117184324000805/0001171843-24-000805-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/907242/000117184324000805/f8k_021424.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-000805

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