Pinnacle Entertainment (PNK) Tops Q1 EPS by 8c, Revenue Beats

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Pinnacle Entertainment Reports Record 2015 First Quarter Financial Results

April 23, 2015 8:01 AM EDT

LAS VEGAS, April 23, 2015 (GLOBE NEWSWIRE) -- Pinnacle Entertainment, Inc. (NYSE: PNK) today reported record financial results for the first quarter ended March 31, 2015.

2015 First Quarter Highlights:

Net revenues increased by $40.1 million or 7.5% year over year to a record $572.8 million and Consolidated Adjusted EBITDA increased by $16.5 million or 10.8% year over year to a record $169.7 million. Consolidated Adjusted EBITDA margin increased by 87 basis points to 29.6%. All three of the Company's reporting segments produced year over year Adjusted EBITDA growth, with record results in the Midwest and South segments. In the 2015 first... More