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Last $13.92 USD
Change Today +0.07 / 0.51%
Volume 711.2K
BYD On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

boyd gaming corp (BYD) Key Developments

Boyd Gaming Corp. Plans Redemption of $500 Million Senior Notes Due 2018 on June 8, 2015

On May 7, 2015, Boyd Gaming Corp. announced that it will conditionally call for redemption all of its $500 million outstanding principal amount of 9.125% senior notes due 2018 on June 8, 2015. The company intends to redeem the notes at a redemption price equal to 104.563% of the principal amount on the redemption date, plus accrued and unpaid interest, as well as additional interest, if any, to the redemption price. The redemption is conditioned upon U.S. Bank NA, the trustee for the notes, receiving sufficient funds to finance the repayment of all notes outstanding on the redemption date. At the same time, the company said it commenced a cash tender offer to purchase any and all of the outstanding notes, and disclosed a concurrent consent solicitation for proposed amendments to the indenture governing the notes. The proposed amendments to the indenture would, among other modifications, eliminate certain of the restrictive covenants in the indenture. Holders of at least a majority in aggregate principal amount of the notes outstanding not owned by the company or any of its affiliates must consent to the amendments for the amendments to become operative. Holders that tender their notes before 5 p.m. ET on May 21 will be deemed to have consented to the proposed amendments and will be entitled to receive the total consideration for the notes under the offer. The total consideration amounts to $1,048.13 for each $1,000 principal amount of validly tendered, and not validly withdrawn, notes that are accepted for payment, comprising the tender offer consideration of $1,045.63 plus a consent payment of $2.50 for each $1,000 principal amount of notes. The purchase offer will expire at 5 p.m. ET on June 5 unless extended or earlier terminated. Holders who tender their notes after 5 p.m. ET on May 21 but before the expiration date will receive the tender offer considerations of $1,045.63 for each $1,000 principal amount of validly tendered, and not validly withdrawn, notes that are accepted for payment. Boyd Gaming engaged J.P. Morgan as the purchase offer and consent solicitation's dealer manager and solicitation agent.

Boyd Gaming Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Impairments for the First Quarter Ended March 31, 2015; Revises Earnings Guidance for the Full Year 2015

Boyd Gaming Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net revenues of $550,578,000 against $708,349,000 a year ago. Operating income was $83,558,000 against $68,516,000 a year ago. Income before income taxes was $18,307,000 against loss before income taxes of $6,377,000 a year ago. Net income attributable to the company was $35,103,000 or $0.31 per diluted share against net loss attributable to the company of $6,182,000 or $0.06 per diluted share a year ago. Adjusted EBITDA was $149,172,000 against $144,468,000 a year ago. Pro forma net revenues were $541.1 million. Adjusted earnings were $14.2 million or $0.13 per share compared to a loss of $4.1 million or $0.04 per share for the same period in 2014. In terms of capital expenditures, during the quarter, the company invested $19 million, including $7 million at Peninsula. For the quarter, the company reported impairments of assets of $1,065,000 against $1,633,000 a year ago. Based on first-quarter 2015 results, Boyd Gaming is raising its previously provided guidance for the full year 2015. The company now projects total adjusted EBITDA, including Peninsula and 50% of Borgata's adjusted EBITDA, of $542 million to $567 million.

Boyd Gaming Corporation to Report Q1, 2015 Results on Apr 30, 2015

Boyd Gaming Corporation announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Apr 30, 2015

Boyd Gaming Corporation, Q1 2015 Earnings Call, Apr 30, 2015

Boyd Gaming Corporation, Q1 2015 Earnings Call, Apr 30, 2015

Boyd Gaming Corporation Presents at 6th Annual Wells Fargo Gaming, Leisure & Restaurants Conference, May-12-2015 09:20 AM

Boyd Gaming Corporation Presents at 6th Annual Wells Fargo Gaming, Leisure & Restaurants Conference, May-12-2015 09:20 AM. Venue: The Mandarin Oriental Las Vegas, 3752 Las Vegas, Boulevard South, Las Vegas, NV 89158, United States. Speakers: Josh Hirsberg, Chief Financial Officer, Senior Vice President and Treasurer, Keith E. Smith, Chief Executive Officer, President and Director.

 

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Valuation BYD Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.6x
Price/Book 3.2x
Price/Cash Flow 6.8x
TEV/Sales NM Not Meaningful
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