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Last $37.49 USD
Change Today +0.08 / 0.21%
Volume 78.5K
As of 10:17 AM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

imax corp (IMAX) Snapshot

Open
$37.39
Previous Close
$37.09
Day High
$37.65
Day Low
$37.23
52 Week High
06/22/15 - $43.80
52 Week Low
10/2/14 - $25.49
Market Cap
2.6B
Average Volume 10 Days
768.7K
EPS TTM
$0.76
Shares Outstanding
70.2M
EX-Date
--
P/E TM
49.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for IMAX CORP (IMAX)

imax corp (IMAX) Details

IMAX Corporation, together with its subsidiaries, operates as an entertainment technology company specializing in motion picture technologies and presentations worldwide. The company operates in seven segments: IMAX Systems, Theater System Maintenance, Joint Revenue Sharing Arrangements, Film Production and IMAX Digital Re-Mastering (DMR), Film Distribution, Film Post-Production, and Other. The IMAX Systems segment designs, manufactures, sells, or leases IMAX theater projection system equipment. The Theater System Maintenance segment maintains IMAX theater projection system equipment in the IMAX theater network. The Joint Revenue Sharing Arrangements segment provides IMAX theater projection system equipment to exhibitors. The Film Production and IMAX DMR segment produces films and performs film re-mastering services. The Film Distribution segment distributes films for which the company has distribution rights. The Film Post-Production segment offers film post-production and film print services. The Other segment owns and operates IMAX theaters; rents two-dimensional and three-dimensional large-format film and digital cameras to third party production companies; and production technical support and post-production services. The company also sells or leases its theater systems to theme parks, private home theaters, tourist destination sites, fairs, and expositions, as well as is involved in the after-market sale of projection system parts and 3D glasses. It primarily serves commercial multiplex exhibitors, as well as institutional customers, such as science and natural history museums, zoos, aquaria, and other educational and cultural centers. As of December 31, 2014, the company operated 934 IMAX theaters systems, including 809 commercial multiplexes, 19 commercial destinations, and 106 institutions in 62 countries. IMAX Corporation was founded in 1967 and is headquartered in Mississauga, Canada.

600 Employees
Last Reported Date: 02/19/15
Founded in 1967

imax corp (IMAX) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $2.1M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $615.7K
Senior Executive Vice President and Chief Exe...
Total Annual Compensation: $1.5M
Executive Vice President and President of Eur...
Total Annual Compensation: $1.4M
President of IMAX Theatres
Total Annual Compensation: $582.8K
Compensation as of Fiscal Year 2014.

imax corp (IMAX) Key Developments

IMAX Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year 2015; Plans to Install Around 120 New Theaters in the Year 2015

IMAX Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $107.160 million against $79.145 million a year ago. Income from operations was $36.529 million against $19.592 million a year ago. Income from operations before income taxes was $36.385 million against $19.348 million a year ago. Income from continuing operations was $26.380 million against $13.779 million a year ago. Net income attributable to common shareholders was $24.350 million against $13.307 million a year ago. Net income per diluted share was $0.34 against $0.19 a year ago. Adjusted net income was $30.743 million or $0.42 per diluted share against $17.666 million or $0.26 per diluted share a year ago. Adjusted net income attributable to common shareholders was $28.713 million or $0.40 per diluted share against $17.194 million or $0.25 per diluted share a year ago. Revenues were up 35% compared to the same quarter last year, resulting in its highest revenue-generating quarter ever. The company also delivered 60% growth in adjusted EPS despite additional expenses related to the China IPO and new businesses initiatives. The company’s growth this quarter was primarily driven by its stellar box office performance with Jurassic World, Avengers 2 and Furious 7 driving 3 consecutive months of over $100 million in IMAX box office for the first time in its history. For the six months. the company reported total revenues of $169.371 million against $127.342 million a year ago. Income from operations was $39.181 million against $20.400 million a year ago. Income from operations before income taxes was $38.979 million against $19.906 million a year ago. Income from continuing operations was $27.865 million against $14.003 million a year ago. Net income attributable to common shareholders was $24.741 million against $13.886 million a year ago. Net income per diluted share was $0.34 against $0.20 a year ago. Net cash provided by operating activities was $18.498 million against $35.250 million a year ago. Purchase of property, plant and equipment was $34.920 million against $16.581 million a year ago. Acquisition of other intangible assets was $2.972 million against $0.970 million a year ago. Adjusted net income was $36.841 million or $0.51 per diluted share against $20.918 million or $0.30 per diluted share a year ago. Adjusted net income attributable to common shareholders was $33.717 million or 0.47 per diluted share against $20.446 million or $0.29 per diluted share a year ago. The company increasing its full year installation guidance. The company now anticipates installing around 120 new theaters in the year 2015. Just under 40% of them are anticipated to be sales-type installs, with about 60% of them to be JV installs. The company also now expects to install about 30 hybrids in the year 2015. In terms of the cadence for the remainder of the year, the company anticipates a more balanced install schedules across third quarter and fourth quarter as opposed to recent years, which were more heavily weighted towards the fourth quarter. For third quarter, the company expects to install approximately 35 new theaters, with about 10 of them being sales-type and 25 JVs. Of the 25 JVs, the company estimates that approximately 11 will be hybrids. For the full year 2015, the company continues to expect full year 2015 tax rate to come in at around 26%, with about $16 million to $19 million of cash taxes. In terms of EBITDA, the company expects a full year minority interest from the China transaction to reduce EBITDA by about $11 million to $12 million for the year. The company expects full year minority interest impact to net income to be approximately $7 million to $8 million.

IMAX Corporation Appoints Dana Settle to its Board of Directors

On July 10, 2015, Ms. Dana Settle was appointed to the Board of Directors of IMAX Corporation. Ms. Settle is a Founding Partner with Greycroft. She fills a vacancy on the company's board.

IMAX and Sony Pictures Team Up to Launch Sony's 'Pixels' Movie in Select IMAX Theaters

IMAX and Sony Pictures (SNE) have teamed up to launch Sony's 'Pixels' movie in select IMAX theaters on July 24 in the U.S. The film will also be released in select overseas IMAX theaters in conjunction with their international release dates.

 

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Industry Analysis

IMAX

Industry Average

Valuation IMAX Industry Range
Price/Earnings 53.1x
Price/Sales 7.9x
Price/Book 6.1x
Price/Cash Flow 50.1x
TEV/Sales 7.1x
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