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April 25, 2015 12:28 PM ET

Hotels, Restaurants and Leisure

Company Overview of ClubCorp Holdings, Inc.

Company Overview

ClubCorp Holdings, Inc., a membership-based leisure company, owns and operates golf, country, business, sports, and alumni clubs in North America. It operates in two segments, Golf and Country Clubs; and Business, Sports, and Alumni Clubs. The Golf and Country Clubs segment operates private country clubs that provide 18-hole golf course and various other recreational amenities for members and their guests; golf clubs, which offer private and public golf play, and other recreational amenities; and public golf facilities. The Business, Sports, and Alumni Clubs segment operates business clubs that provide a setting for dining, business, or social entertainment for business executives, professio...

3030 LBJ Freeway

Suite 600

Dallas, TX 75234

United States

Founded in 1957

16,900 Employees

Phone:

972-243-6191

Key Executives for ClubCorp Holdings, Inc.

Chief Executive Officer, President and Director
Age: 56
Total Annual Compensation: $850.0K
Chief Financial Officer, Principal Accounting Officer and Treasurer
Age: 47
Total Annual Compensation: $566.5K
Chief Operating Officer
Age: 49
Total Annual Compensation: $561.5K
Executive Vice President of People Strategy, General Counsel and Secretary
Age: 53
Total Annual Compensation: $500.0K
Executive Vice President of Sales & Revenue
Age: 52
Total Annual Compensation: $439.6K
Compensation as of Fiscal Year 2013.

ClubCorp Holdings, Inc. Key Developments

ClubCorp Declares Quarterly Cash Dividend, Payable on April 15, 2015

ClubCorp announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per share payable on April 15, 2015 to all common stockholders of record at the close of business on April 3, 2015.

ClubCorp Plans to Invest $42.1 Million in 2015 on Reinvention Projects; Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 30, 2014; Reports Impairment Charges for the Quarter; Provides Earnings Guidance for the Fiscal Year 2015

ClubCorp plans to invest a total of $42.1 million in 2015 on reinvention projects, including $20.0 million on major reinventions projects across nine same-store golf and country clubs and four same-store business, sports and alumni clubs, approximately $15.0 million to reinvent nine clubs obtained in the acquisition of Sequoia Golf, and $7.1 million to reinvent seven recent single-club acquisitions. The company announced unaudited consolidated earnings results for the fourth quarter and year ended December 30, 2014. For the quarter, the company reported total revenue of $302,539,000 against $269,566,000 a year ago. Operating income was $12,798,000 against $10,019,000 a year ago. Loss from continuing operations before income taxes was $7,119,000 against $31,739,000 a year ago. Income from continuing operations was $31,322,000 against loss from continuing operations of $32,270,000 a year ago. Net income attributable to the company was $31,355,000 against loss of $32,358,000 a year ago. Net cash provided by operating activities was $50,805,000 against $26,873,000 a year ago. Purchase of property and equipment was $17,560,000 against $17,475,000 a year ago. Adjusted EBITDA was up 15.6% to $69.5 million primarily due to addition of new or acquired clubs and sustained same-store growth- Membership counts increased 23.9% on solid growth at same store clubs and the completion of the acquisition of Sequoia Golf. On a normalized sixteen week basis, same-store sales increased $4.3 million, up 1.8%. On a normalized sixteen-week basis, same-store adjusted EBITDA increased $3.7 million, up 5.4%. For the year, the company reported total revenue of $884,155,000 against $815,080,000 a year ago. Operating income was $65,985,000 against $61,193,000 a year ago. Loss from continuing operations before income taxes was $28,137,000 against $38,987,000 a year ago. Income from continuing operations was $13,332,000 against loss from continuing operations of $40,668,000 a year ago. Net income attributable to the company was $13,226,000 against loss of $40,892,000 a year ago. Net cash provided by operating activities was $129,158,000 against $93,693,000 a year ago. Purchase of property and equipment was $72,647,000 against $59,541,000 a year ago. Adjusted EBITDA was up 11.0% to $196.8 million. On a normalized fifty-two week basis, same-store sales increased $22.0 million, up 2.8%.  On a normalized fifty-two week basis, same-store adjusted EBITDA increased $13.5 million, up 6.5%. Free cash flow was $110.3 million, an increase from $77.0 million a year ago. For the quarter, impairment of assets was $1,430,000 against $4,475,000 a year ago. For fiscal year 2015, the company expects to deliver revenue in the range of $1.00 billion to $1.03 billion and adjusted EBITDA in the range of $225.0 million to $235.0 million.  The outlook fully integrates acquisition of Sequoia Golf and results in year-over-year revenue growth of 13-16% and year-over-year adjusted EBITDA growth of 14-19%.

ClubCorp Holdings, Inc. to Report Q4, 2014 Results on Mar 12, 2015

ClubCorp Holdings, Inc. announced that they will report Q4, 2014 results Pre-Market on Mar 12, 2015

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