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Mar 31, 2024
Boyd Gaming Q1 2024 Earnings Report
Boyd Gaming's first quarter was challenging due to severe weather and increased competition, but positive trends from the previous quarter continued, and the company maintained strong operating margins.
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.
Revenue by Segment
Forward Guidance
Boyd Gaming remains confident in its ability to successfully navigate the current environment and deliver value to its shareholders.
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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