National CineMedia (NASDAQ: NCMI) reported Q4 EPS of $0.24, $0.03 better than the analyst estimate of $0.21. Revenue for the quarter came in at $147.2 million versus the consensus estimate of $140.08 million.

Commenting on the Company’s 2019 operating results and 2020 positioning, NCM CEO Tom Lesinski said, “I am very happy to report that we finished 2019 on a strong note, posting records for fourth quarter advertising revenue and for full-year National advertising revenue. This top-line revenue growth resulted in better than expected Adjusted OIBDA growth for both the current quarter and the full year and this momentum is continuing into 2020. Our Board of Directors also shares our optimism on the growth we see ahead. I am pleased to announce the board has authorized a 12% increase in the Company’s regular quarterly cash dividend from $0.17 to $0.19 per share of common stock bringing the dividend to $0.76 per share on an annualized basis.”

GUIDANCE:

National CineMedia sees FY2020 revenue of $450-465 million, versus the consensus of $452.53 million.

For the full year 2020, the Company expects total revenue to be up 1.2% to 4.5% and Adjusted OIBDA to be down 2.7% to up 2.2% from the full year 2019. The Company expects total revenue in the range of $450.0 million to $465.0 million for the full year 2020, compared to total revenue for the full year 2019 of $444.8 million and Adjusted OIBDA in the range of $202.0 million to $212.0 million for the full year 2020 compared to Adjusted OIBDA for the full year 2019 of $207.5 million. During 2020, the Company expects to record approximately $19.0 to $20.0 million in integration and other encumbered theater payments primarily from AMC associated with the Carmike Theaters acquisition, which are recorded as a reduction of an intangible asset.

For earnings history and earnings-related data on National CineMedia (NCMI) click here.