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Dec 31, 2019
Boyd Gaming Q4 2019 Earnings Report
Boyd Gaming reported strong Q4 2019 results with revenue and Adjusted EBITDAR growth, driven by contributions from all segments and newly acquired properties.
Key Takeaways
Boyd Gaming Corporation reported a 5.2% increase in fourth-quarter revenues to $833.1 million and a 9.1% increase in Adjusted EBITDAR to $227.6 million. Net income increased by 6% to $24.3 million, or $0.21 per share. The company's performance was driven by same-store revenue and Adjusted EBITDAR growth across all segments, as well as strong contributions from newly acquired Ameristar and Belterra properties.
Companywide revenues increased by 5%, and Adjusted EBITDAR grew by 9%.
All segments achieved same-store gains in revenues and Adjusted EBITDAR.
Newly acquired Ameristar and Belterra properties posted double-digit Adjusted EBITDAR growth.
The Downtown Las Vegas segment achieved a quarterly Adjusted EBITDAR record for the fifth consecutive quarter.
Revenue by Segment
Forward Guidance
For the full year 2020, Boyd Gaming projects total Adjusted EBITDAR of $915 million to $935 million.
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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