Golden Entertainment, Inc. (GDEN) Tops Q1 EPS by 54c

Golden Entertainment, Inc. (NASDAQ: GDEN) reported Q1 EPS of $0.35, $0.54 better than the analyst estimate of ($0.19). Revenue for the quarter came in at $239.7 million versus the consensus estimate of $219.15 million.

Blake Sartini, Chairman and Chief Executive Officer of Golden Entertainment, commented, “Our first quarter operating results reflect significantly improved revenue and net income, and record quarterly Adjusted EBITDA. These results highlight strong demand at our properties combined with substantial margin improvement due to the adjustments we have made to our operations. Our Company generated over $40 million of cash in the quarter, with current trends continuing across both our casino and distributed gaming segments. As the year continues, we expect that our free cash flow will allow us to reduce leverage and return capital to shareholders while also providing added financial flexibility to pursue potential strategic growth initiatives.”

For earnings history and earnings-related data on Golden Entertainment, Inc. (GDEN) click here.

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