AI brief of an SEC Form 8-K · Monarch Casino & Resort (MCRI)

Monarch Casino reports record Q1 2024 net revenue of $121.7 million, up 4.3%

Positive Impact 3 of 5 earnings Written later

Monarch Casino & Resort reported first-quarter 2024 net revenue of $121.7 million, up 4.3%, and net income of $18.3 million, up 3.4%, both described by the company as first-quarter records. The company also declared a $0.30 per share cash dividend payable June 15, 2024, to holders of record on June 1, 2024, which is part of a previously announced $1.20 annual dividend.

Key points

  • Net revenue was $121.7 million, up 4.3% from $116.6 million a year earlier; net income was $18.3 million, up 3.4%.
  • Diluted EPS was $0.93, up from $0.90 in the first quarter of 2023, an increase of 3.3%.
  • Adjusted EBITDA was $38.5 million, up 5.7%, and the adjusted EBITDA margin was 31.7% versus 31.3% a year earlier.
  • Quarterly cash dividend of $0.30 per share is payable June 15, 2024, to stockholders of record on June 1, 2024.

The filing

CompanyMonarch Casino & Resort (MCRI)
Form8-K, current report
Filed with the SECApr 17, 2024, 4:13 PM ET
Accession number0001171843-24-002058

Items reported: 2.02 Results of Operations8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:55 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 April 17, 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.