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Last $16.05 USD
Change Today +0.45 / 2.88%
Volume 2.1M
BYD On Other Exchanges
Symbol
Exchange
New York
As of 4:05 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

boyd gaming corp (BYD) Key Developments

Boyd Gaming Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Raised Earnings Guidance for the Year 2015; Provides Revenue Guidance for the Second Half of 2015

Boyd Gaming Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's gross revenues were $619,463,000 compared to $840,802,000 a year ago. Net revenues were $559,867,000 compared to $722,534,000 a year ago. Operating income was $98,182,000 compared to $86,979,000 a year ago. Income before income taxes was $172,000 compared to $10,579,000 a year ago. Net loss was $6,425,000 compared to net income of $5,338,000 a year ago. Net loss attributable to Boyd Gaming Corporation was $6,425,000 compared to net income of $669,000 a year ago. Diluted net loss per common share was $0.06 compared to income per share of $0.01 a year ago. Adjusted EBITDA was $162,910,000 compared to $160,586,000 a year ago. Adjusted earnings was $26,878,000 compared to $5,207,000 a year ago. Adjusted earnings per share was $0.24 compared to $0.05 a year ago. In terms of capital expenditures, during the quarter, the company have invested $39 million, including $5 million at Peninsula. For the six months, the company's gross revenues were $1,229,554,000 compared to $1,659,542,000 a year ago. Net revenues were $1,110,445,000 compared to $1,430,883,000 a year ago. Operating income was $181,740,000 compared to $155,495,000 a year ago. Income before income taxes was $18,479,000 compared to $4,202,000 a year ago. Net income was $28,678,000 compared to net loss of $5,887,000 a year ago. Net income attributable to Boyd Gaming Corporation was $28,678,000 compared to loss of $5,513,000 a year ago. Diluted net income per common share was $0.25 compared to loss per share of $0.05 a year ago. Adjusted EBITDA was $312,081,000 compared to $305,055,000 a year ago. Adjusted earnings was $41,127,000 compared to $1,105,000 a year ago. Adjusted earnings per share was $0.36 compared to $0.01 a year ago. In terms of capital expenditures, the company have invested $58 million between Boyd and Peninsula. Based on second-quarter results, and to reflect positive trends in the business, the Company 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 $575 million to $595 million. The company announced a $45 million expansion project at Delta Downs. The company expects to spend about $10 million of their -- $10 million this year on the project and the remaining portion of the budget in 2016. This project is slated to be completed by year-end 2016. This guidance incorporates the following expectations. Wholly-owned net revenues are expected to grow in the second half of the year consistent with the first half, with EBITDA benefiting from a 65% to 70% flow-through.

Boyd Gaming Seeks Acquisitions

Boyd Gaming Corporation (NYSE:BYD) is looking for acquisition opportunities. Josh Hirsberg, Chief Financial Officer and Senior Vice President of Boyd Gaming, said, we've always felt that we have been a Company that has grown through acquisition, and been able to execute those successfully. And we, to date, have not been seen any impediments or any factors that would suggest to us that that's going to change. I think we continue to have opportunities that we are considering.

Boyd Gaming Corporation to Report Q2, 2015 Results on Jul 23, 2015

Boyd Gaming Corporation announced that they will report Q2, 2015 results at 4:00 PM, US Eastern Standard Time on Jul 23, 2015

Boyd Gaming Corporation, Q2 2015 Earnings Call, Jul 23, 2015

Boyd Gaming Corporation, Q2 2015 Earnings Call, Jul 23, 2015

Boyd Gaming Announces Expansion of Delta Downs Racetrack Casino Hotel in Vinton

Boyd Gaming Corporation has announced a $45 million expansion of Delta Downs Racetrack Casino Hotel in Vinton, Louisiana. Set for completion at the end of 2016, the centerpiece of the project is a new hotel tower, featuring 167 additional guest rooms and suites. Boyd Gaming also plans to redesign all 200 existing rooms at the property, providing a fresh new look and feel to the hotel. The property will also redesign its food and beverage facilities, as well as expand its special events center to better accommodate meeting and banquet functions.

 

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Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book 3.6x
Price/Cash Flow 8.5x
TEV/Sales NM Not Meaningful
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