Earnings Call Summary | Boyd Gaming(BYD.US) Q1 2024 Earnings Conference
Earnings Call Summary | Boyd Gaming(BYD.US) Q1 2024 Earnings Conference
The following is a summary of the Boyd Gaming Corporation (BYD) Q1 2024 Earnings Call Transcript:
以下是博伊德遊戲公司(BYD)2024年第一季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
Boyd Gaming Corporation's Q1 2024 results were impacted by challenging weather and a softer Las Vegas local market, leading to a below prior-year performance.
The company saw the shortfall of EBITDA due to comparisons to a record performance, impact of market competition, and a softer Las Vegas locals market.
However, significant free cash flow was still generated and property level margins remained strong at 40%.
Online segment equalled last year's performance with $20 million EBITDAR in the first quarter.
The company invested $90 million back into the business, repurchased $105 million in company stock and increased its dividend for the third consecutive year to $0.17 per share.
博伊德遊戲公司2024年第一季度的業績受到惡劣天氣和拉斯維加斯當地市場疲軟的影響,導致表現低於去年。
由於與創紀錄的業績、市場競爭的影響以及拉斯維加斯當地市場的疲軟進行了比較,該公司的息稅折舊攤銷前利潤出現短缺。
但是,仍然產生了可觀的自由現金流,房地產水平的利潤率仍然強勁,爲40%。
在線細分市場在第一季度達到2000萬美元的息稅折舊攤銷前利潤,相當於去年的表現。
該公司向該業務重新投資了9,000萬美元,回購了1.05億美元的公司股票,並連續第三年將股息提高至每股0.17美元。
Business Progress:
業務進展:
Improving customer trends were observed in the Midwest and South segment, with these positive developments expected to continue into the month of April.
Boyd Gaming Corporation's 5% equity interest in FanDuel Group continues to grow in value, aiding its overall business growth.
Renovations at various locations are underway and the Treasury Chest land-based project is nearing completion, bolstering the company's portfolio and improving customer experience.
The expected transition of the Treasury Chest facility to a land-based operation will increase efficiency and add convenience to the gaming experience.
The company plans to roll out their interactive product in more states, target existing and new customers, and reinvest in its properties to stay competitive and provide improved customer experiences.
中西部和南部細分市場的客戶趨勢有所改善,這些積極的發展預計將持續到4月。
博伊德遊戲公司在FanDuel集團的5%股權價值持續增長,這有助於其整體業務增長。
各個地點的裝修工作正在進行中,財政部陸基項目已接近完成,這增強了公司的投資組合並改善了客戶體驗。
預計財政部儲備金設施將過渡到陸基運營,這將提高效率併爲遊戲體驗增加便利。
該公司計劃在更多州推出互動產品,瞄準現有和新客戶,並對其房產進行再投資,以保持競爭力並提供更好的客戶體驗。
More details: Boyd Gaming IR
更多詳情: Boyd Gaming IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。