earnings
confidence high
sentiment positive
materiality 0.70
Monarch Casino & Resort Reports Record Q2 2024 Revenue and Adjusted EBITDA; Declares $0.30 Dividend
MONARCH CASINO & RESORT INC
2024-Q2 EPS reported
$2.12
revenue$249,800,000
- Net revenue record $128.1M (+3.6% YoY); adjusted EBITDA record $43.9M (+4.3% YoY).
- Diluted EPS $1.19 vs $1.14 YoY (+4.4%); net income $22.7M (+1.2%).
- Casino, F&B, hotel revenues up 3.1%, 1.0%, 9.0% respectively; hotel margin improved.
- Declares Q3 dividend $0.30/share payable Sept 15 to holders of record Sept 1 (annual $1.20).
- Repurchased 452,464 shares for $30.5M in Q2; $23M outstanding on credit line.