Monarch Casino Q3 net income falls 12.1% as revenue dips 0.6%
Monarch Casino & Resort reported third-quarter 2023 net revenue of $133.0 million, down 0.6% from a year earlier, and net income of $24.2 million, down 12.1%. Diluted EPS fell to $1.23 from $1.41, and the company also declared a $0.30 per share cash dividend payable December 15, 2023. Lower quarterly profit matters to shareholders, and the company's construction litigation with PCL Construction Services continues to add legal and consulting costs.
Key points
- Q3 net revenue $133.0 million vs. $133.7 million a year earlier; net income $24.2 million vs. $27.5 million
- Diluted EPS $1.23 vs. $1.41, down 12.8%; Adjusted EBITDA $49.2 million, down 4.8%
- Cash dividend of $0.30 per share payable December 15, 2023, to holders of record on December 1, 2023
- Construction litigation with PCL Construction Services cost $2.9 million in Q3; trial set to resume November 20, 2023
The filing
Written by AI on Nov 8, 2026, 1:54 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 18, 2023.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.