Every material Form 8-K Monarch Casino & Resort filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Monarch Casino & Resort reported third-quarter 2024 net revenue of $137.9 million, up 3.7% from a year earlier, and net income of $27.6 million, up 14.2%. The company also declared a $0.30 per share cash dividend payable December 15, 2024, to holders of record on December 1, 2024.
Net revenue was $137.9 million, up 3.7% from $133.0 million in the third quarter of 2023.
Diluted earnings per share were $1.47, up 19.5% from $1.23.
Adjusted EBITDA was $50.6 million, up 2.9%; casino operating expense rose to 36.3% of casino revenue from 34.5%.
Cash dividend of $0.30 per share is payable December 15, 2024, to stockholders of record on December 1, 2024.
Monarch Casino & Resort reported record second-quarter 2024 net revenue of $128.1 million, up 3.6%, with diluted EPS of $1.19, up 4.4% from a year earlier. The company also declared a $0.30 per share quarterly dividend payable September 15, 2024, as part of its previously announced $1.20 annual dividend.
Net revenue rose 3.6% to $128.1 million from $123.7 million; diluted EPS was $1.19 versus $1.14.
Net income was $22.7 million, up 1.2%; adjusted EBITDA was $43.9 million, up 4.3%.
Dividend of $0.30 per share payable September 15, 2024, to holders of record on September 1, 2024.
In the second quarter, the company repurchased 452,464 shares for $30.5 million.
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.
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.
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.
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
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Monarch Casino & Resort filing is on SEC EDGAR ↗. 8-K briefs of other companies →