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Last $31.77 USD
Change Today +0.25 / 0.79%
Volume 73.3K
As of 8:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

intl speedway corp-cl a (ISCA) Snapshot

Open
$31.45
Previous Close
$31.52
Day High
$31.82
Day Low
$31.45
52 Week High
07/3/14 - $35.32
52 Week Low
10/16/14 - $28.09
Market Cap
1.5B
Average Volume 10 Days
98.7K
EPS TTM
$1.32
Shares Outstanding
26.6M
EX-Date
05/28/14
P/E TM
24.0x
Dividend
$0.24
Dividend Yield
0.76%
Current Stock Chart for INTL SPEEDWAY CORP-CL A (ISCA)

intl speedway corp-cl a (ISCA) Related Businessweek News

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intl speedway corp-cl a (ISCA) Details

International Speedway Corporation, together with its subsidiaries, promotes motorsports themed entertainment activities in the United States. The company’s motorsports entertainment facilities promoted approximately 100 stock car, open wheel, sports car, truck, motorcycle, and other racing events. It is also involved in souvenir merchandising operations; food and beverage concession operations; the provision of catering services in suites and chalets; and the creation of motorsports-related programming content carried on radio stations, as well as Sirius XM Radio, a national satellite radio service. In addition, the company uses its motorsports entertainment facilities for testing for teams, driving schools, riding experiences, car shows, auto fairs, concerts and settings for television commercials, print advertisements, and motion pictures; and rents show cars for promotional events. As of November 30, 2014, it owned and/or operated 13 motorsports entertainment facilities with approximately 831,500 grandstand seats and 527 suites. The company was formerly known as Daytona International Speedway Corporation and changed its name to International Speedway Corporation in 1968. International Speedway Corporation was founded in 1953 and is headquartered in Daytona Beach, Florida.

845 Employees
Last Reported Date: 01/27/15
Founded in 1953

intl speedway corp-cl a (ISCA) Top Compensated Officers

Vice Chairwoman and Chief Executive Officer
Total Annual Compensation: $648.9K
President
Total Annual Compensation: $551.2K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $331.4K
Vice President and President of Daytona Inter...
Total Annual Compensation: $312.2K
Chairman of The Board, Assistant Treasurer, C...
Total Annual Compensation: $416.9K
Compensation as of Fiscal Year 2014.

intl speedway corp-cl a (ISCA) Key Developments

International Speedway Corporation Provides Annual Dividend Guidance

International Speedway Corp. expects fiscal 2015 cash distributions from the casino joint venture to ISC will be approximately $20.0 million to $22.0 million. The company currently expects a $0.02 per share increase in its annual dividend to $0.26 per share, contingent upon approval from ISC's Board of Directors.

International Speedway Corporation Reports Unaudited Consolidated Earnings Results for the Fiscal Fourth Quarter and Full-Year Ended November 30, 2014; Provides Earnings Guidance for the Fiscal Year 2015

International Speedway Corporation reported unaudited consolidated earnings results for the fiscal fourth quarter and full-year ended November 30, 2014. For the fourth quarter, the company reported total revenues of $199,753,000 against $188,668,000 a year ago. Operating income was $39,838,000 against $29,532,000 a year ago. Income before income taxes was $42,632,000 against $28,184,000 a year ago. Net income was $25,824,000 against $17,205,000 a year ago. Basic and diluted earnings per share were $0.55 against $0.37 a year ago. Excluding legal settlement, marketing and consulting costs incurred associated with DAYTONA Rising, accelerated depreciation, losses associated with the retirements of certain other long-lived assets, impairment of MA long-lived intangible asset, settlement of interest income related to a long-term receivable, DAYTONA Rising project capitalized interest, MA income tax benefits and a de minimis net gain on sale of certain assets, non-GAAP net income for the fourth quarter of 2014 was $26,078,000, or $0.56 per diluted share.  Non-GAAP net income for the fourth quarter of fiscal 2013 was $25,831,000, or $0.55 per diluted share. For the year, the company reported total revenues of $651,936,000 against $612,640,000 a year ago. Operating income was $93,391,000 against $78,692,000 a year ago. Income before income taxes was $100,612,000 against $73,076,000 a year ago. Net income was $67,379,000 against $45,292,000 a year ago. Basic and diluted earnings per share were $1.45 against $0.97 a year ago. Net cash provided by operating activities was $162,847,000 against $173,395,000 a year ago. Capital expenditures were $183,936,000 against $85,539,000 a year ago. Excluding adjustments for legal settlement, marketing and consulting costs incurred associated with DAYTONA Rising, accelerated depreciation, losses associated with the retirements of certain other long-lived assets, impairment of MA long-lived intangible asset, settlement of interest income related to long-term receivable, DAYTONA Rising project capitalized interest, MA fair value adjustment and income tax benefits, and a de minimis net loss on sale of certain assets, non-GAAP net income for fiscal 2014, was $65,913,000, or $1.42 per diluted share. This is compared to non-GAAP net income for fiscal 2013 of $67,185,000, or $1.44 per diluted share. The company provided earnings guidance for the fiscal year 2015. For the fiscal year, the company announced that 2015 will feature certain activities and business changes that will significantly impact the comparability to the prior year. These changes include: Certain elements of the DAYTONA Rising project placed in service beginning in 2015; and the company and industry's strategic change in the business model for merchandising officially licensed apparel and souvenirs. Budweiser Speedweeks 2015 will introduce several aforementioned amenities of the DAYTONA Rising project. As a result of these assets being placed in service in 2015, the company will begin to recognize approximately $12.0 million to $14.0 million, or approximately $0.15 to $0.18 per diluted share, of incremental annual depreciation expense. The revenue, operating expenses and depreciation impacting 2015 were contemplated in the DAYTONA Rising project pro-forma expectations at full build-out. The company remains confident it will achieve its communicated targets for the project, including incremental revenues of approximately $20.0 million, and EBITDA of approximately $15.0 million to be recognized by fiscal 2016, when DAYTONA Rising is expected to be complete and all assets fully in service. Instead, the company will receive a percentage of sales from Fanatics, recorded as part of Food, Beverage and Merchandise Revenue. For fiscal 2015, the company is projecting a reduction in operating income of approximately $4.0 million to $5.0 million, or $0.05 to $0.06 per diluted share, related to this new merchandise business model. As a result, the company currently expects its fiscal 2015 non-GAAP EBITDA to be between $180.0 million and $195.0 million, and EBITDA margin to range between 29.5% and 31.0% of total revenues. This compares to fiscal 2014 EBITDA and margin of approximately $194.4 million and 29.8%, respectively. Depreciation and amortization expense is expected to be approximately $89.0 million to $91.0 million, on a non-GAAP basis, which includes an incremental approximately $12.0 million to $14.0 million related to assets placed in service for DAYTONA Rising. The company currently expects its 2015 operating margin to range between 15.0% and 16.5% of total revenues, on a non-GAAP basis. The company's effective tax rate in 2015 will be approximately 38.5% to 39.5%. Based on all of the above assumptions, the company expects fiscal 2015 non-GAAP earnings between $1.10 and $1.30 per diluted share, which includes a charge of approximately $0.15 to $0.18 per diluted share related to additional depreciation for assets placed in service during fiscal 2015 for DAYTONA Rising and approximately $0.05 to $0.06 per diluted share related to non-recurring charges associated with the aforementioned merchandising strategy. Excluding these charges, non-GAAP earnings for fiscal 2015 would have been between $1.30 and $1.50 per diluted share, comparable to its non-GAAP earnings guidance for fiscal 2014. After considering the business changes, the company anticipates total revenues to range between $615 million and $630 million. The company estimates total CapEx, excluding cap I, to be approximately $200 million in fiscal 2015.

International Speedway Mulls Acquisitions

International Speedway Corp. (NasdaqGS:ISCA) is seeking acquisitions. "We are confident about our financial condition and our strategic initiatives to grow our business. We maintain a solid balance sheet that makes possible strategic developments and acquisitions that build shareholder value. As well we are executing consumer and corporate programs that complement our industry's long-term broadcast agreements, all supporting revenue growth," Lesa France Kennedy, International Speedway Chief Executive Officer, stated.

 

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ISCA Competitors

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Ignite Restaurant Group Inc $4.99 USD -0.22
Isle of Capri Casinos Inc $13.72 USD -0.36
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Marcus Corp/The $21.06 USD +0.26
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Industry Analysis

ISCA

Industry Average

Valuation ISCA Industry Range
Price/Earnings 22.0x
Price/Sales 2.3x
Price/Book 1.1x
Price/Cash Flow 5.8x
TEV/Sales 0.6x
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