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Dec 31, 2023
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.
Boyd Gaming
Boyd Gaming
Forward Guidance
Boyd Gaming remains confident in its ability to continue delivering profitable growth and creating long-term shareholder value.