Monarch Casino Q1 revenue up 4.3% to $121.7M; adj. EBITDA record at $38.5M, dividend $0.30/share

MONARCH CASINO & RESORT INC

2024-Q1 EPS reported $0.93 revenue$121,657,000

Net revenue $121.7M (+4.3% YoY); casino revenue +3.8%, F&B +2.9%, hotel +8.4%.
Adjusted EBITDA $38.5M (+5.7% YoY); margin improved to 31.7% from 31.3%.
Diluted EPS $0.93 vs. $0.90 YoY; net income $18.3M (+3.4%).
Declared $0.30/share cash dividend, payable June 15, 2024, to holders of record June 1, 2024.
Repurchased 281,708 shares for $19.4M in Q1; capital expenditures $17.9M.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MONARCH CASINO & RESORT INC reported first quarter ended March 31, 2024 results: revenue $121.7 million, net income $18.3 million, EPS $0.93 per diluted share.

Period: first quarter ended March 31, 2024
Revenue: $121.7 million
Net income: $18.3 million
EPS: $0.93 per diluted share
Result: reported results

Exact text from the filing

Farahi, Co-Chairman and Chief Executive Officer of Monarch, commented: “In the first quarter of 2024 net revenue and adjusted EBITDA grew to all-time first quarter records of $121.7 million and $38.5 million, respectively, and the EBITDA margin improved to 31.7% from 31.3% in the same period of the prior year. “Monarch Black Hawk generated revenue growth across all

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Source: SEC EDGAR

accession 0001171843-24-002058

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