Cedar Fair Entertainment Company Declares 2015 First Quarter Cash Distribution, Payable on March 25, 2015
Feb 25 15
Cedar Fair Entertainment Company announced the declaration of a regular quarterly cash distribution of $0.75 per limited partner (LP) unit. This quarterly distribution rate is consistent with the Company's annualized distribution rate of $3.00 per LP unit announced in November of last year. The distribution, which is payable March 25, 2015 to unitholders of record as of March 13, 2015.
Cedar Fair, L.P. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014
Feb 19 15
Cedar Fair, L.P. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net revenues of $160,807,000 against $139,077,000 a year ago. Operating income was $5,129,000 against $3,903,000 a year ago. Loss before taxes was $34,504,000 against $34,267,000 a year ago. Net loss was $18,049,000 against $20,484,000 a year ago. Net loss allocated to limited partners was $18,049,000 or $0.32 per diluted share against $20,484,000 or $0.37 per diluted share a year ago. Unrealized loss on cash flow hedging derivatives was $1,388,000 against unrealized income on cash flow hedging derivatives of $2,933,000 a year ago. Adjusted EBITDA was $36,556,000 against $20,244,000 a year ago.
For the year, the company reported net revenues of $1,159,605,000 against $1,134,572,000 a year ago. Operating income was $278,332,000 against $301,761,000 a year ago. Income before taxes was $114,100,000 against $128,447,000 a year ago. Net income was $104,215,000 against $108,204,000 a year ago. Net income allocated to limited partners was $104,214,000 or $1.86 per diluted share against $108,203,000 or $1.94 per diluted share a year ago. Unrealized loss on cash flow hedging derivatives was $1,553,000 against unrealized income on cash flow hedging derivatives of $10,736,000 a year ago. Adjusted EBITDA was $431,280,000 against $425,430,000 a year ago.
Cedar Fair Mulls Acquisitions
Feb 19 15
Cedar Fair, L.P. (NYSE:FUN) intends to pursue acquisitions. "At this point in time, we believe there are plenty of opportunities for organic growth within our parks, and we're going to be aggressive about pursuing those Charlotte, expansion at Carowinds would be a very good example. But in regards to M&A, we are always looking for potential acquisition opportunities, but only if it's at the right price at the right time," Matt Ouimet, President and Chief Executive officer, said.
H. J. Heinz Company and Cedar Fair Entertainment Company Announce Five-Year Exclusive Marketing and Supplier Partnership for Ketchup, Mustard, Relish and Mayonnaise Condiments
Jan 28 15
H. J. Heinz Company and Cedar Fair Entertainment Company announced a five-year exclusive marketing and supplier partnership for Ketchup, Mustard, Relish and Mayonnaise condiments. As part of the agreement, Heinz will receive product sampling rights, advertising on Cedar Fair’s FunTV Media Network, and exposure on digital menu boards throughout the park. Heinz Ketchup, Mustard, Relish and Mayonnaise will be made available to park guests throughout Cedar Fair's regionally dispersed network.
Cedar Fair, L.P. to Report Q4, 2014 Results on Feb 19, 2015
Jan 15 15
Cedar Fair, L.P. announced that they will report Q4, 2014 results at 10:00 AM, US Eastern Standard Time on Feb 19, 2015