Monarch Casino Q4 revenue rises 6.3%, net income falls 18.9%
Monarch Casino & Resort reported fourth-quarter 2023 net revenue of $128.2 million, up 6.3% from a year earlier, while net income fell 18.9% to $18.2 million and diluted EPS fell 18.4% to $0.93. The company attributed the profit decline mainly to a higher effective tax rate, higher legal and consulting costs tied to its Black Hawk construction litigation, and higher depreciation. It also declared a $0.30 per share cash dividend payable March 15, 2024.
Key points
- Q4 2023 net revenue $128.2 million vs $120.5 million; net income $18.2 million vs $22.4 million; diluted EPS $0.93 vs $1.14
- Full-year 2023 net revenue $501.5 million, up 4.9%; net income $82.4 million, down 5.8%
- Q4 effective tax rate was 28.6% vs 19.5% a year earlier; construction litigation costs were $2.8 million in Q4 2023 vs $0.8 million in Q4 2022
- Cash dividend of $0.30 per share payable March 15, 2024, to stockholders of record on March 1, 2024
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 February 14, 2024.
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.