Boyd Gaming Q4 2019 Earnings Report
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.
Boyd Gaming
Boyd Gaming
Boyd Gaming 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