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Sep 30, 2024
Ryman Q3 2024 Earnings Report
Ryman's third quarter performance was driven by record hospitality and entertainment revenues, resulting in record net income and adjusted EBITDAre.
Key Takeaways
Ryman Hospitality Properties reported record third quarter results, with revenue reaching $550.0 million and net income at $60.4 million. The company's performance was bolstered by record revenues in both its Hospitality and Entertainment segments. However, they revised its full year 2024 guidance, including lowering its same-store Hospitality RevPAR and Total RevPAR growth, as well as consolidated operating income and Adjusted EBITDAre, to account for continued leisure transient softness in Nashville and Orlando, disruption from Hurricane Milton and incremental disruption from capital investment projects underway.
Generated record third quarter net income of $60.4 million.
Achieved record third quarter consolidated Adjusted EBITDAre of $174.8 million.
Reported record third quarter consolidated revenue of $550.0 million.
Same-store Hospitality segment achieved record third quarter operating income of $92.8 million.
Revenue by Segment
Forward Guidance
We are pleased to increase our full year 2024 outlook for AFFO, while adopting a more conservative outlook, including for same-store Hospitality RevPAR and Total RevPAR growth, consolidated operating income and Adjusted EBITDAre.
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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