Boyd Gaming Q4 2023 Earnings Report

Reported strong fourth-quarter performance, concluding a record year driven by diversified portfolio and efficient management.

Key Takeaways

Boyd Gaming reported a revenue increase for Q4 2023, with strong performances across its segments. The company's management team maintained high property-level operating margins and returned significant capital to shareholders.

Fourth-quarter revenue increased to $954.4 million from $922.9 million in the fourth quarter of 2022.

Net income for the fourth quarter was $92.6 million, or $0.94 per share, compared to $172.7 million, or $1.63 per share, for the same period last year.

Adjusted earnings for the fourth quarter were $163.8 million, or $1.66 per share, compared to $181.8 million, or $1.72 per share, for the same period in 2022.

The company repurchased $100 million in shares of its common stock during the fourth quarter of 2023.