Boyd Gaming Q1 2024 Earnings Report
Key Takeaways
Boyd Gaming reported a challenging first quarter with revenues slightly down at $960.5 million compared to $964.0 million in the previous year. Net income decreased to $136.5 million, or $1.40 per share, from $199.7 million, or $1.93 per share, in the same period last year. Adjusted EBITDAR was $330.5 million, down from $367.1 million in the first quarter of 2023.
Severe winter weather significantly impacted the Midwest & South segment early in the quarter.
The Las Vegas Locals market experienced increased competitive pressures.
Positive trends from the fourth quarter continued into the new year across the business.
The company maintained strong operating margins through disciplined operating and marketing strategies.
Boyd Gaming
Boyd Gaming
Forward Guidance
Boyd Gaming remains confident in its ability to successfully navigate the current environment and deliver value to its shareholders.