第99.1展示文本

博伊德賭場報告2024年第三季度業績

拉斯維加斯 - 十月24日, 2024 - 博伊德賭場有限公司 (紐交所: 比亞迪) 今天報告了截至2024年9月30日的第三季度財務業績。

博伊德賭場首席執行官兼總裁Keith Smith表示：「在第三季度，我們公司持續取得了穩定的成果，因爲潛在客戶趨勢保持穩定。在本季度，我們實現了在我們拉斯維加斯市中心、中西部和南部地區的最近投資帶來的好處。這些投資帶來了良好的回報，在這兩個板塊中推動了營業收入和調整後的營業利潤、利息、折舊及攤銷前利潤增長。我們還受益於在線業務和管理業務的出色表現，展現了我們多元化業務模式的價值。我們強化了增長管道，鎖定了在弗吉尼亞州諾福克打造一家市場最佳賭場度假村的機會，同時繼續在全國範圍內進行產業增值工作。我們繼續承諾向股東返還資本，在本季度回購了價值超過$20000萬的股票。總之，我們對業務的持續表現感到滿意，並專注於增加股東價值。」

博伊德賭場報告2024年第三季度營收爲96120萬美元，較2023年第三季度的90320萬美元增長。公司報告2024年第三季度淨利潤爲13110萬美元，每股1.43美元，相比去年同期的淨利潤13520萬美元，每股1.34美元。

經調整後的EBITDAR總額⁽¹⁾ 2024年第三季度爲33660萬美元，較2023年第三季度的32080萬美元增長。調整後的收益⁽¹⁾ 2024年第三季度爲13930萬美元，每股1.52美元，相比於2023年同期的13730萬美元，每股1.36美元。

運營審查

拉斯維加斯當地業務板塊的業績受到奧爾良和黃金海岸的持續競爭壓力影響，而公司其他拉斯維加斯當地物業的業績與更廣泛的同店銷售市場表現一致。公司的拉斯維加斯市中心業務板塊實現了又一個季度的強勁業績，這得益於最近的物業投資和增長的夏威夷遊客。中西部和南部業務板塊的業績受益於寶藏號在六月開設新的陸上設施後創下創紀錄的第三季度表現，以及該業務板塊其餘物業穩定的同店銷售業績。

公司的在線業務板塊在第三季度取得了強勁的營業收入和調整後的EBITDAR增長，反映出其在全國範圍內市場準入協議方面的增加貢獻和一次性收益。管理和其他業務的表現繼續體現了加利福尼亞北部Sky River賭場的強勁勢頭。

股息和股份回購更新

博伊德賭場按照之前宣佈的計劃，於2024年10月15日支付了每股0.17美元的季度現金股息。

作爲其持續的股票回購計劃的一部分，公司在2024年第三季度回購了其普通股20200萬美元。截至2024年9月30日，公司還剩下約34300萬美元的當前股票回購授權額度。

資產負債表統計

截至2024年9月30日，博伊德賭場手頭現金28630萬美元，總債務爲31億美元。

電話會議信息

博伊德賭場將於今天東部時間下午5點舉行電話會議，討論2024年第三季度的業績。電話會議號碼是 (800) 836-8184；加入電話會議無需輸入密碼。 請提前15分鐘參加，以確保在電話會議開始前成功連接。

電話會議也將在https://investors.boydgaming.com或https://app.webinar.net/XzoWeDM1KwJ上提供實時直播。

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博伊德賭場股份有限公司

簡明合併利潤表

(未經審計)

__________________________________________

(a) Rent expense incurred by those properties subject to a master lease with a real estate investment trust.

BOYD GAMING CORPORATION

SUPPLEMENTAL INFORMATION

Reconciliation of Adjusted EBITDA to Net Income

(Unaudited)

__________________________________________

(a) Reconciliation of corporate expense:

(b) Rent expense incurred by those properties subject to a master lease with a real estate investment trust.

BOYD GAMING CORPORATION

SUPPLEMENTAL INFORMATION

Reconciliations of Net Income to Adjusted Earnings

and Net Income Per Share to Adjusted Earnings Per Share 

(Unaudited)

__________________________________________

(a) Adjustment to the expected losses for interest on note receivable.

Non-GAAP Financial Measures

Our financial presentations include the following non-GAAP financial measures:

Collectively, we refer to these and other non-GAAP financial measures as the “Non-GAAP Measures.” 

The Non-GAAP Measures are commonly used measures of performance in our industry that we believe, when considered with measures calculated in accordance with accounting principles generally accepted in the United States (GAAP), provide our investors with a more complete understanding of our operating results and facilitates comparisons between us and our competitors. We provide this information to investors to enable them to perform comparisons of our past, present and future operating results and as a means to evaluate the results of core on-going operations. We have historically reported these measures to our investors and believe that the continued inclusion of the Non-GAAP Measures provides consistency in our financial reporting. We also believe this information is useful to investors in allowing greater transparency related to significant measures used by our management in their financial and operational decision-making, their evaluation of total company and individual property performance, in the evaluation of incentive compensation and in the annual budget process. Management also uses Non-GAAP Measures in the evaluation of potential acquisitions and dispositions. We believe these measures continue to be used by investors in their assessment of our operating performance and the valuation of our company.

The use of Non-GAAP Measures has certain limitations. Our presentation of the Non-GAAP Measures may be different from the presentation used by other companies and therefore comparability may be limited. While excluded from certain of the Non-GAAP Measures, depreciation and amortization expense, interest expense, income taxes and other items have been and will be incurred. Each of these items should also be considered in the overall evaluation of our results. Additionally, the Non-GAAP Measures do not consider capital expenditures and other investing activities and should not be considered as a measure of our liquidity. We compensate for these limitations by providing the relevant disclosure of our depreciation and amortization, interest and income taxes, capital expenditures and other items both in our reconciliations to the historical GAAP financial measures and in our consolidated financial statements, all of which should be considered when evaluating our performance. We do not provide a reconciliation of forward-looking Non-GAAP Measures to the corresponding forward-looking GAAP measure due to our inability to project special charges and certain expenses.

The Non-GAAP Measures are to be used in addition to and in conjunction with results presented in accordance with GAAP. The Non-GAAP Measures should not be considered as an alternative to net income, operating income, or any other operating performance measure prescribed by GAAP, nor should these measures be relied upon to the exclusion of GAAP financial measures. The Non-GAAP Measures reflect additional ways of viewing our operations that we believe, when viewed with our GAAP results and the reconciliations to the corresponding historical GAAP financial measures, provide a more complete understanding of factors and trends affecting our business than could be obtained absent this disclosure. Management strongly encourages investors to review our financial information in its entirety and not to rely on a single financial measure.

Forward-looking Statements and Company Information

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements contain words such as “may,” “will,” “might,” “expect,” “believe,” “anticipate,” “could,” “would,” “estimate,” “continue,” “pursue,” or the negative thereof or comparable terminology, and may include (without limitation) information regarding the Company's expectations, goals or intentions regarding future performance. These forward-looking statements are based on the current beliefs and expectations of management and involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Boyd Gaming’s ability to control or estimate precisely. Additional factors that could cause actual results to differ are discussed under the heading “Risk Factors” and in other sections of the Company's Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and in the Company's other current and periodic reports filed from time to time with the SEC. The reader is cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. All forward-looking statements in this press release are made as of the date hereof, based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statement.

About Boyd Gaming

Founded in 1975, Boyd Gaming Corporation (NYSE: BYD) is a leading geographically diversified operator of 28 gaming entertainment properties in 10 states, manager of a tribal casino in northern California, and owner and operator of Boyd Interactive, a B2B and B2C online casino gaming business. The Company is also a strategic partner and 5% equity owner of FanDuel Group, the nation's leading sports-betting operator. With one of the most experienced leadership teams in the casino industry, Boyd Gaming prides itself on offering guests an outstanding entertainment experience and memorable customer service.  Through a long-standing company philosophy called Caring the Boyd Way, Boyd Gaming is committed to advancing Corporate Social Responsibility (CSR) initiatives that positively impact the Company's stakeholders and communities.  For additional Company information and press releases, visit https://investors.boydgaming.com.