Last $13.94 USD
Change Today +0.43 / 3.18%
Volume 1.7M
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As of 8:04 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

boyd gaming corp (BYD) Key Developments

Boyd Gaming Corporation Announces Board Changes

Boyd Gaming Corporation announced that Paul Whetsell and John Bailey have been appointed to its Board of Directors. Whetsell is President and Chief Executive Officer of Loews Hotels & Resorts, Bailey is managing partner of Bailey Kennedy. With more than 35 years of experience in the hospitality industry, Whetsell was named President and CEO of Loews Hotels in January 2012. Bailey has more than 30 years of legal experience, with a particular focus on commercial corporate litigation, healthcare law and gaming law. Bailey was previously a member of the Board of Directors of SHFL Entertainment Inc., and was Chairman of its Governance Committee. He currently serves as Chairman of the Nevada State Bar Moral Character and Fitness Committee; Chairman of the Governing Board of the Andre Agassi College Preparatory Academy; member of the Board of Directors of the Council for a Better Nevada; and member of the Board of Directors of the Las Vegas Global Economic Alliance.

Boyd Seeks To Spin-Off

Boyd Gaming Corporation (NYSE:BYD) is considering a spin-off.

Boyd Gaming Corporation Presents at Barclays Select Series 2014: SMID Cap Conference, Nov-12-2014

Boyd Gaming Corporation Presents at Barclays Select Series 2014: SMID Cap Conference, Nov-12-2014 . Venue: Barclays headquarters, 745 Seventh Avenue, New York, NY 10019, United States.

Boyd Gaming Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revised Earnings Guidance for 2014; Reports Impairments of Assets for the Third Quarter of 2014

Boyd Gaming Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net revenues of $738.8 million, up slightly from $738.6 million during the same quarter in 2013. Total adjusted EBITDA rose 5.5% to $163.9 million, compared to $155.3 million in the year-ago quarter. This was a solid quarter for its operations, as it improved operating margins in every segment of its business. Adjusted earnings were $0.3 million, breakeven on a per-share basis, compared to a loss of $8.3 million, or $0.08 per share, for the same period in 2013. On a GAAP basis, the company reported a net loss attributable to the company of $15.1 million, or $0.14 per diluted share compared to a net loss attributable to the company of $37.3 million, or $0.37 per diluted share, for the year-ago period. Operating income was $73.774 million compared to $78.322 million for the same period of last year. Loss from continuing operations before income taxes was $1.367 million compared to $31.547 million for the same period of last year. Loss from continuing operations, net of tax, was $3.328 million or $0.14 per diluted share compared to $34.595 million or $0.37 per diluted share for the same period of last year. Adjusted net loss attributable to the company was $15.105 million compared to $37.267 million for the same period of last year. Capital expenditures were $41 million, including $9 million at Peninsula and $3 million at Borgata. For the nine months, on a GAAP basis, the company reported a net loss attributable to the company of $20.62 million, or $0.19 per diluted share compared to a net loss attributable to the company of $32.92 million, or $0.35 per diluted share, for the year-ago period. Net revenues were $2,169.73 million compared to $2,212.90 million reported a year ago. Adjusted EBITDA was $468.91 million compared to $478.94 million reported a year ago. Adjusted earnings were $1.42 million or $0.01 per share compared to a loss of $6.97 million or $0.07 per share reported a year ago. Operating income was $229.269 million compared to $239.121 million for the same period of last year. Income from continuing operations before income taxes was $2.835 million compared to a loss of $55.231 million for the same period of last year. Loss from continuing operations, net of tax, was $9.215 million or $0.19 per diluted share compared to $51.753 million or $0.47 per diluted share for the same period of last year. Adjusted net loss attributable to the company was $20.618 million compared to $43.714 million for the same period of last year. Capital expenditures have been $95 million. Based on third-quarter results and current business trends, the company is narrowing its full-year 2014 adjusted EBITDA guidance to the high end of its previously provided guidance. Before consideration of the deconsolidation of Borgata, the company expects to generate between $590 million and $600 million in adjusted EBITDA for the year. As a result of the deconsolidation of Borgata, the company is modifying its guidance to eliminate 50% of Borgata's adjusted EBITDA from the fourth quarter. Reflecting this change in accounting, full-year 2014 guidance for Boyd Gaming's adjusted EBITDA is $576 million to $586 million. The company expects to spend approximately $110 million at Boyd and Peninsula and $25 million at Borgata. For the quarter, the company reported impairments of assets of $18.28 million compared to $1.25 million reported a year ago.

Boyd Gaming Corporation to Report Q3, 2014 Results on Oct 30, 2014

Boyd Gaming Corporation announced that they will report Q3, 2014 results at 5:00 PM, US Eastern Standard Time on Oct 30, 2014

 

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Price/Earnings NM Not Meaningful
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Price/Cash Flow 7.3x
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