IMAX Corp. (IMAX) Tops Q4 EPS by 8c
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IMAX Corporation Reports Fourth-Quarter And Full-Year 2017 Results
February 27, 2018 4:05 PM ESTNEW YORK, Feb. 27, 2018 /PRNewswire/ --
HIGHLIGHTS
Company achieved fourth-quarter global box office of $278 million, up 13% over the prior year. IMAX domestic box office increased 17% in the second half of 2017, compared to an industry decline of 6%. Installed 165 new IMAX® theater systems during 2017, bringing the Company's total commercial multiplex network to 1,272 theaters, 68% of which are in international markets. Company signed agreements for 170 new theater systems in 2017, resulting in year-end backlog of 494 new systems, plus five upgrades. SG&A, excluding stock-based compensation, was down 5% year-over-year to $90 million, following the... More