Monarch Casino adjusts Q4 and FY2024 earnings downward by $27.6M due to litigation judgment

MONARCH CASINO & RESORT INC

Net judgment of $74.6M awarded to PCL; Monarch plans appeal to Colorado Court of Appeals.
Q4 net income adjusted from $25.5M to $4.2M; diluted EPS from $1.36 to $0.22.
FY2024 net income adjusted from $94.1M to $72.8M; diluted EPS from $4.96 to $3.84.
Adjusted EBITDA unchanged; balance sheet liability increased by $27.6M to reflect judgment.
Adjustment recognized as Type I subsequent event in the 2024 Form 10-K filed today.

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