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Dec 26, 2019
National CineMedia Q4 2019 Earnings Report
Reported record advertising revenue and increased quarterly cash dividend.
Key Takeaways
National CineMedia, Inc. reported a 7.1% increase in total revenue for Q4 2019, reaching $147.2 million, driven by record advertising revenue. Operating income rose by 19.6% to $72.7 million, and net income was $19.1 million, or $0.24 per diluted share. The company's Board of Directors authorized a 12% increase in the quarterly cash dividend to $0.19 per share.
Total revenue for Q4 2019 increased by 7.1% to $147.2 million.
Operating income for Q4 2019 increased by 19.6% to $72.7 million.
Net income for Q4 2019 was $19.1 million, or $0.24 per diluted share.
The Board of Directors authorized a 12% increase in the quarterly cash dividend to $0.19 per share.
Revenue by Segment
Forward Guidance
For the full year 2020, the Company expects total revenue to be up 1.2% to 4.5% and Adjusted OIBDA to be down 2.7% to up 2.2% from the full year 2019. The Company expects total revenue in the range of $450.0 million to $465.0 million for the full year 2020, compared to total revenue for the full year 2019 of $444.8 million and Adjusted OIBDA in the range of $202.0 million to $212.0 million for the full year 2020 compared to Adjusted OIBDA for the full year 2019 of $207.5 million.
Positive Outlook
- Expects total revenue to be up 1.2% to 4.5% for full year 2020.
- Forecasts total revenue between $450.0 million and $465.0 million for full year 2020.
- Anticipates Adjusted OIBDA to be down 2.7% to up 2.2% for full year 2020.
- Projects Adjusted OIBDA between $202.0 million and $212.0 million for full year 2020.
- Board of Directors authorized a 12% increase in the Company’s regular quarterly cash dividend from $0.17 to $0.19 per share of common stock bringing the dividend to $0.76 per share on an annualized basis.
Challenges Ahead
- Adjusted OIBDA to be down 2.7% to up 2.2% from the full year 2019.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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