Cedar Fair (FUN) PT Raised to $74 at FBR Capital Following 4Q16 Results
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Cedar Fair Reports Record Results For 2016 On Strong Attendance And Guest Spending Growth
February 15, 2017 4:00 AM ESTSANDUSKY, Ohio, Feb. 15, 2017 /PRNewswire/ --Â Cedar Fair Entertainment Company (NYSE: FUN), a leader in regional amusement parks, water parks and active entertainment, today reported record financial results for the year ended December 31, 2016.
Highlights
The Company reported record full-year net revenues of $1.29 billion, up 4% from 2015; net income of $178 million, or $3.14 per diluted limited partner (LP) unit, up $65 million from a year ago. 2016 Adjusted EBITDA was a record $481 million, up 5% from last year. Attendance at Cedar Fair's parks was a record 25.1 million guests, a 3% increase from... More