earnings
confidence high
sentiment negative
materiality 0.75
Boyd Gaming Q1 net income falls to $136.5M from $199.7M; revenue flat at $960.5M
BOYD GAMING CORP
2024-Q1 EPS reported
$1.40
revenue$960,521,000
- Q1 2024 revenue $960.5M vs $964.0M YoY; net income $136.5M ($1.40 EPS) vs $199.7M ($1.93 EPS).
- Adjusted EBITDAR $330.5M, down from $367.1M; Adjusted EPS $1.51 vs $1.71 YoY.
- CEO cites severe winter weather hitting Midwest & South segment and increased competition in Las Vegas Locals.
- Company maintains dividends and share repurchases; strong balance sheet and cash flows noted.