February 25, 2017 2:10 AM ET

Hotels, Restaurants and Leisure

Company Overview of ClubCorp Holdings, Inc.

Company Overview

ClubCorp Holdings, Inc., a membership-based leisure company, owns and operates private golf, country, business, sports, and alumni clubs in North America. It operates through 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 executiv...

3030 LBJ Freeway

Suite 600

Dallas, TX 75234

United States

Founded in 1957

20,000 Employees

Phone:

972-243-6191

Key Executives for ClubCorp Holdings, Inc.

Chief Executive Officer and Director
Age: 58
Total Annual Compensation: $910.0K
President and Chief Operating Officer
Age: 51
Total Annual Compensation: $530.0K
Chief Financial Officer and Treasurer
Age: 49
Total Annual Compensation: $437.5K
Executive Vice President of People Strategy, General Counsel and Secretary
Age: 55
Total Annual Compensation: $375.0K
Compensation as of Fiscal Year 2015.

ClubCorp Holdings, Inc. Key Developments

ClubCorp Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 27, 2016; Provides Earnings Guidance for the Fiscal Year 2017; Reports Impairment of Assets for the Fourth Quarter of 2016

ClubCorp Holdings, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 29, 2016. For the quarter, the company reported operating income of $33.094 million compared to $18.54 million a year ago. Income from before income taxes was $6.63 million compared to loss of $4.443 million a year ago. Net income attributable to the company was $5.224 million or $0.08 per basic and dilated share compared to loss of $6.346 million or $0.10 per basic and dilated share a year ago. Adjusted EBITDA increased $83.338 million to $79.578 million a year ago. EBITDA was $66.556 million against $48.269 million a year ago. Net cash provided by operating activities was $59.783 million compared to $53.656 million a year ago. Purchase of property and equipment was $35.242 million compared to $29.134 million a year ago. Total revenues were $345.301 million compared to $331.388 million a year ago. For the year, the company reported operating income of $91.953 million compared to $59.81 million a year ago. Income from before income taxes was $5.373 million compared to loss of $7.944 million a year ago. Net income attributable to the company was $3.577 million or $0.05 per basic and dilated share compared to loss of $9.512 million or $0.15 per basic and dilated share a year ago. Net cash provided by operating activities was $157.654 million compared to $152.27 million a year ago. Purchase of property and equipment was $108.77 million compared to $105.244 million a year ago. Adjusted EBITDA was $247.688 million to $233.318 million a year ago. EBITDA was $199.153 million against $161.155 million a year ago. Total revenues were $1,088.48 million compared to $1,052.867 million a year ago. The company generated about $104 million in free cash flow in 2016. For fiscal year 2017, the company anticipates revenue in the range of $1,095 to $1,135 million, and adjusted EBITDA in the range of $255 to $265 million. During fiscal year 2017, the company expects to spend approximately $59.9 million on maintenance CapEx. This amount includes $44.8 million net of insurance proceeds to maintain existing properties, $4 million to maintain existing information technology system and $11.1 million on information technology projects related to the centralization of administrative processes. For the fourth quarter of 2016, the company reported impairment of assets of $2.356 million against $3.030 million a year ago.

ClubCorp Declares Quarterly Cash Dividend, Payable on April 17, 2017

ClubCorp announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per share payable on April 17, 2017 to all common stockholders of record at the close of business on April 5, 2017.

ClubCorp Holdings, Inc. Presents at 18th Annual ICR Conference, Jan-11-2016

ClubCorp Holdings, Inc. Presents at 18th Annual ICR Conference, Jan-11-2016 . Venue: JW Marriott Orlando Grande Lakes, 4040 Central Florida Parkway, Orlando, FL 32837, United States. Speakers: Curtis D. McClellan, Chief Financial Officer and Treasurer, Frank Molina, VP Investor Relations.

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