earnings
confidence high
sentiment positive
materiality 0.80
Wynn Resorts Q1 2024 net income $144.2M, revenue $1.86B; dividend $0.25/share
WYNN RESORTS LTD
2024-Q1 EPS reported
$1.30
revenue$1,862,909,000
- Operating revenues $1.86B, up $439.2M (+31%) YoY; net income $144.2M vs $12.3M.
- Diluted EPS $1.30; adjusted EPS $1.59 vs $0.29 YoY.
- Property EBITDAR record $646.5M (+$216.8M YoY) driven by Wynn Palace (+$91.3M) and Wynn Macau (+$92.4M).
- Board declared quarterly cash dividend $0.25/share, payable May 31, 2024 to holders of record May 20.
- Total debt $11.21B; cash & equivalents $2.42B; $400M add-on 7.125% senior notes issued Feb 2024.