earnings
confidence high
sentiment negative
materiality 0.75
Las Vegas Sands Q2 net income down 28% to $373M; EBITDA falls to $1.12B
LAS VEGAS SANDS CORP
- Net revenue $3.15B (down 0.9% YoY); net income $373M ($0.53 EPS) vs $519M ($0.73) prior year.
- Consolidated adjusted property EBITDA $1.12B, down from $1.33B; Sands China net income halved to $107M.
- Repurchased $787M of stock in Q2 (15M shares at $52.37); Board boosted authorization to $6.0B through July 2029.
- Quarterly dividend maintained at $0.30/share; payable Aug 12 to holders of record Aug 4.
- Capital expenditures $332M, primarily for Marina Bay Sands expansion; total debt $15.11B, cash $3.38B.