Monarch Casino & Resort (MCRI) Tops Q1 EPS by 2c

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Go back to Monarch Casino & Resort (MCRI) Tops Q1 EPS by 2c

Monarch Casino & Resort Reports First Quarter Net Revenue of $47.2 Million and Adjusted EBITDA of $10.9 Million

April 22, 2015 4:05 PM EDT

RENO, NV -- (Marketwired) -- 04/22/15 -- Monarch Casino & Resort, Inc. (NASDAQ: MCRI) ("Monarch" or "the Company") today reported operating results for the first quarter ended March 31, 2015, as summarized below:

---------------------------------- ($ in thousands, except per share data Three Months Ended and percentage) March 31, 2015 2014 Increase ----------- ----------- ---------- Net revenue $ 47,171 $ 45,508 3.7% Total Adjusted EBITDA(1) 10,875 10,287 5.7% Net income $ 4,043 $ 3,276 23.4% ----------- ----------- ---------- Basic EPS $ 0.24 $ 0.20 20.0% Diluted EPS $ 0.24 $ 0.19 26.3% (1) Definitions, disclosures and reconciliations of non-GAAP financial information are included later in the release.

CEO Comment John Farahi, Co-Chairman and Chief Executive Officer of... More