Boyd Gaming posts record Q1 revenue $860.7M, EPS $1.45; margins expand to 39.4%

BOYD GAMING CORP

2022-Q1 EPS reported $1.45 revenue$860,743,000

Revenue $860.7M (+14.3% YoY); net income $162.9M ($1.45 EPS) vs $102.2M ($0.90) in Q1 2021.
Adjusted EBITDAR $338.8M (+15.8% YoY); margin 39.4%, up from 38.8%.
Adjusted EPS $1.40 vs $0.93 in prior-year quarter.
Repurchased $132M in stock during Q1 and reinstated quarterly cash dividend.
Agreed in March 2022 to acquire Pala Interactive to expand online gaming capabilities.

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