Monarch Casino Q2 net revenue rises 7.3% to $123.7 million; net income up 15.3%
Monarch Casino & Resort reported second-quarter 2023 net revenue of $123.7 million, up 7.3% from a year earlier, with net income of $22.4 million and diluted EPS of $1.14, both higher than the prior-year quarter. The company also declared a $0.30 per share cash dividend payable September 15, 2023, which is part of its previously announced $1.20 annual dividend.
- Net revenue rose 7.3% to $123.7 million from $115.3 million; net income rose 15.3% to $22.4 million from $19.4 million.
- Diluted EPS was $1.14, up 15.2% from $0.99 a year earlier.
- Adjusted EBITDA was $42.1 million, up 6.8%, with a margin of 34.1%.
- Dividend of $0.30 per share is payable September 15, 2023, to holders of record on September 1, 2023.