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Mar 31, 2020
Boyd Gaming Q1 2020 Earnings Report
Boyd Gaming's Q1 2020 results were significantly impacted by the closure of all properties in March due to COVID-19, but the company took broad-based actions to reduce expenses and preserve liquidity.
Key Takeaways
Boyd Gaming reported a net loss of $18.3 million for the first quarter of 2020, with revenues decreasing to $680.5 million. The company's results were severely impacted by the closure of all properties in mid-March due to the COVID-19 pandemic, but they have taken actions to reduce expenses and preserve liquidity.
All 29 properties were closed nationwide from March 12-18 due to state and local orders.
As of April 28, 2020, all Boyd Gaming properties remain closed to the public.
The company suspended both quarterly dividend payments and share repurchases in March to preserve liquidity.
First quarter began with strong performance, posting two consecutive months of solid year-over-year growth across nationwide operations before closures.
Revenue by Segment
Forward Guidance
Boyd Gaming has withdrawn all previously provided financial guidance, including full-year 2020 Adjusted EBITDAR guidance, due to the continued impact of the COVID-19 pandemic on the Company’s operations.
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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