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Jun 30, 2024
Ryman Q2 2024 Earnings Report
Ryman's second quarter results demonstrated strength across business segments, achieving record net income and all-time highs for consolidated operating income and Adjusted EBITDAre.
Key Takeaways
Ryman Hospitality Properties reported strong second-quarter results, driven by solid performance in both its Hospitality and Entertainment segments. The company achieved record second-quarter net income, as well as all-time records for consolidated operating income and consolidated Adjusted EBITDAre. The company also increased its full year 2024 outlook for consolidated net income, operating income, Adjusted EBITDAre and Adjusted FFO.
Second quarter results demonstrated the strength of both business segments.
The company delivered record second quarter net income.
The company achieved all-time records for consolidated operating income and consolidated Adjusted EBITDAre.
Projected rooms revenue from second quarter bookings production for all future years set a second quarter record for the same-store portfolio.
Ryman
Ryman
Ryman Revenue by Segment
Revenue by Segment
Hospitality Revenue
CapyFin.comEntertainment Revenue
CapyFin.com Forward Guidance
The Company is updating its 2024 business performance outlook based on current information as of July 31, 2024. The Company does not expect to update the guidance provided below before next quarter’s earnings release. However, the Company may update its full business outlook or any portion thereof at any time for any reason.
Positive Outlook
- Increased full year 2024 outlook for consolidated net income.
- Increased full year 2024 outlook for operating income.
- Increased full year 2024 outlook for Adjusted EBITDAre.
- Increased full year 2024 outlook for Adjusted FFO.
- Outlook assumes continued strength in our group business.
Challenges Ahead
- Outlook assumes anticipated strong operating expense discipline, which we believe will offset the profitability impact of continued leisure transient softness.
Revenue & Expenses
Visualization of income flow from segment revenue to net income