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Mar 31, 2022
Golden Entertainment Q1 2022 Earnings Report
Reported first quarter results with revenue increase and exceeded prior year financial performance across all operating segments.
Key Takeaways
Golden Entertainment reported a strong first quarter with a 14% increase in revenue compared to the previous year. The company's financial performance for all operating segments exceeded prior year results. They also focused on debt repayment and share repurchases.
First quarter revenue was $273.6 million.
Net income reached $36.1 million.
Adjusted EBITDA totaled $67.3 million.
Repaid $25 million of term loan borrowings and repurchased over $15 million of common stock.
Revenue by Geographic Location
Forward Guidance
This press release contains forward-looking statements regarding future events and the Company’s future results that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934.
Positive Outlook
- Company’s strategies, objectives and business opportunities
- Anticipated future growth and trends in the Company’s business or key markets
- Projections of future financial condition, operating results, income, capital expenditures, costs or other financial items, including anticipated future cash generation and resulting ability to continue to return capital to shareholders
- Other characterizations of future events or circumstances
- Other statements that are not statements of historical fact
Challenges Ahead
- Uncertainty of the extent, duration and effects of the COVID-19 pandemic and the response of governments
- Changes in national, regional and local economic and market conditions
- Legislative and regulatory matters (including the cost of compliance or failure to comply with applicable laws and regulations)
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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