Boyd Gaming (BYD) Tops Q4 EPS by 3c
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Boyd Gaming (NYSE: BYD) reported Q4 EPS of $0.50, versus analyst estimate of $0.47. Revenue for the quarter came in at $833.1 million versus the consensus estimate of $825.64 million.
Total Adjusted EBITDAR(1) was $227.6 million in the fourth quarter of 2019, up 9.1% from $208.6 million in the fourth quarter of 2018.
Keith Smith, President and Chief Executive Officer of Boyd Gaming, said: \"Our diversified nationwide portfolio continued to generate strong results in the fourth quarter of 2019, as every segment of our business achieved growth in same-store revenues and Adjusted EBITDAR. In our Midwest & South region, strong same-store gains were complemented by exceptional performances at the recently acquired Ameristar and Belterra properties, which grew combined Adjusted EBITDAR at a double-digit pace while improving operating margins by more than 350 basis points. In our Las Vegas Locals segment, revenue growth remained consistent with trends we saw throughout the year, though EBITDAR growth slowed, primarily due to a difficult comparison to a strong fourth quarter of 2018. On the sports-betting front, our newly opened FanDuel Sportsbooks helped attract new customers to our properties in Pennsylvania, Indiana and Iowa. As we enter the new year, the underlying trends in our nationwide business remain strong, and we are confident in our prospects for 2020.\"
For earnings history and earnings-related data on Boyd Gaming (BYD) click here.
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