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Stock impact report

Monarch Casino & Resort Reports Record First Quarter 2024 Financial Results [Yahoo! Finance]

Monarch Casino & Resort, Inc. (MCRI) 
Last monarch casino & resort, inc. earnings: 4/22 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: monarchblackhawk.com
Company Research Source: Yahoo! Finance
RENO, Nev., April 17, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch,” “we,” “our,” or “the Company”) today reported operating results for the first quarter ended March 31, 2024, as summarized below: ($ in thousands, except per share data and percentages) Three Months Ended March 31, Increase Net revenue Net income Adjusted EBITDA Basic EPS Diluted EPS (1) Definitions, disclosures and reconciliations of non-GAAP financial information are included later in the release. CEO Comment John Farahi, Co-Chairman and Chief Executive Officer of Monarch, commented: “In the first quarter of 2024 net revenue and adjusted EBITDA grew to all-time first quarter records of $121.7 million and $38.5 million, respectively, and the EBITDA margin improved to 31.7% from 31.3% in the same period of the prior year. “Monarch Black Hawk generated revenue growth across all its business segments and expanded its adjusted EBITDA margin. The property continu Show less Read more
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