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Stock impact report

Canterbury Park Holding Corporation Reports First Quarter Results [Yahoo! Finance]

Canterbury Park Holding Corporation (CPHC) 
US:NASDAQ Investor Relations: canterburypark.com/investor-relations
Company Research Source: Yahoo! Finance
($ in thousands, except per share data and percentages) Three Months Ended March 31, Change Net revenues Net income Adjusted EBITDA Basic EPS Diluted EPS Adjusted EBITDA, a non-GAAP measure, excludes certain items from net income, a GAAP measure. Non-GAAP financial measures are not intended to be considered in isolation from, a substitute for, or superior to GAAP results. Definitions, disclosures, and reconciliations of non-GAAP financial information are included later in the release. Adjusted EBITDA margin is Adjusted EBITDA as a percentage of net revenues. Management Commentary “Canterbury delivered strong first quarter 2024 financial results, with net revenues increasing 6.0% to $14.1 million and Adjusted EBITDA rising 14.0% to $3.2 million. The year over year revenue increase reflects the benefit from significantly better weather in the 2024 first quarter period compared to the same period in 2023. The adjusted EBITDA margin of 22.8% in the quarter demonstrate Show less Read more
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