Boyd Gaming Corporation (BYD) is scheduled to report fourth-quarter 2023 results on Feb 8, 2024, after market close.In the last reported quarter, the company’s earnings missed the Zacks Consensus Estimate by 5.6% and declined 8.1% year over year. However, revenues surpassed the Zacks Consensus Estimate by 3.4% and increased 3% on a year-over-year basis.BYD’s earnings outshined the consensus mark thrice in the trailing four quarters and missed once, the average surprise being 6.9%.The Trend in Estimate Revis ...

franckreporter Investment briefing With the global risk appetite now showing signs of imminent recovery based on recent market trends, there is potential scope to add beta back into equity portfolios in our estimation. The consumer discretionary sector has led the way along with communications services and utilities so far in Q4 2023 earnings growth for the S&P 500 index. It has posted a 22% YoY growth in earnings from Q4 2022, as reported by FactSet analysis (Figure 1). For those investors with a more ...

Boyd Gaming (BYD) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on February 8, 2024, might help the stock move higher if these key numbers are better than e ...

Group 1 - Boyd Gaming Corporation donated over $200,000 to nearly 190 non-profit organizations in its 2023 "Wreaths of Hope" and "Trees of Hope" competition [1] - A total of 186 non-profits from 11 states participated, with cash prizes determined by customer votes [1] - The 2023 national prize pool was the largest in the 16-year history of the contest [1] Group 2 - The "Trees of Hope" competition began in 2007 and has expanded to 26 Boyd Gaming properties across various states [2] - Boyd Gaming has awarded nearly $1.5 million to non-profit organizations through these initiatives [2] Group 3 - Boyd Gaming Corporation, founded in 1975, operates 28 gaming entertainment properties in 10 states and manages a tribal casino [3] - The company is a strategic partner and 5% equity owner of FanDuel Group, a leading sports-betting operator [3] - Boyd Gaming emphasizes Corporate Social Responsibility (CSR) initiatives through its philosophy called Caring the Boyd Way [3]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________________________________________________ FORM 10-Q ____________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-1 ...

Financial Data and Key Metrics Changes - Company-wide revenues grew 3% to $903 million in Q3 2023, with EBITDAR decreasing 5% to $321 million [5][6][22] - Total play from core customers increased by 1%, while retail play declined by 4% year-over-year [5][6] - Property-level operating margins were 40%, and company-wide margins were 36% [22][24] Business Line Data and Key Metrics Changes - In the Las Vegas Locals segment, core customer play increased by 2%, while retail customer play decreased by approximately 4% [6][7] - Non-gaming revenue in the Las Vegas Locals segment grew nearly 6%, driven by hotel and food and beverage revenue increases [7] - The Online segment is projected to achieve $60 million to $65 million in EBITDAR for the full year, benefiting from strong results from FanDuel and Boyd Interactive [14][22] Market Data and Key Metrics Changes - Visitation to Las Vegas is up nearly 8% year-to-date, with convention and meeting business up 30% [11] - Average daily room rates increased by more than 10% across the market this year [11] - Total employment in Southern Nevada rose nearly 5% over the last 12 months, indicating a positive local economic environment [12] Company Strategy and Development Direction - The company remains focused on its core customers and growth initiatives, with ongoing investments in property renovations and expansions [16][17] - A balanced capital allocation program includes a $100 million per quarter share repurchase program and regular dividends [16][24] - The company is optimistic about future growth in Southern Nevada, supported by upcoming events and a robust development pipeline [11][12] Management's Comments on Operating Environment and Future Outlook - Management expects trends among core customers and retail players to remain consistent, with ongoing cost pressures anticipated [8][19] - The opening of new competitors may initially impact visitation, but management believes the market will absorb this new capacity over time [8][52] - Overall, management is optimistic about the stability of the retail customer segment and the performance of core customers [13][19] Other Important Information - Capital expenditures for Q3 were $108 million, with a total projected for the year of approximately $350 million [23] - The company has returned over $1 billion to shareholders through share repurchases and dividends since resuming its capital return program [24] Q&A Session Summary Question: OpEx pressures by geographic segments - Management noted that utility costs significantly impacted Nevada operations, while property taxes and insurance affected the Midwest and South [27][29] Question: Employee turnover due to new openings - Management observed some additional turnover but stated it was not significant and had prepared for the new openings [30][31] Question: Operating expenses and CapEx adjustments - Management indicated limited room to cut operating expenses due to current margins but noted flexibility in capital expenditures [36][37] Question: Promotional environment changes - The promotional environment has remained stable, with no significant changes from competitors [40][41] Question: Retail softness specifics - Retail softness was observed across all segments, with the unrated segment particularly affected by economic impacts [43][45] Question: Long-term capital allocation strategy - Management is focused on upgrading existing properties and will announce further growth projects in the future [46][49] Question: Impact of new competitors on Las Vegas locals - Management expects a low to mid-single-digit EBITDA impact from new competitors, with the market absorbing the new supply over time [52][53] Question: Online segment performance and ROI - The online segment is viewed as a long-term play, with early performance exceeding expectations [61][62] Question: Future capital decisions - Management plans to focus on maintenance capital and improvements to existing facilities, with potential for new growth projects [64][66] Question: Cost environment and leverage points - Management believes a stable expense environment will allow for margin expansion with modest revenue growth [68][70]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Nevada 88-0242733 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) WASHINGTON, D.C. 20549 ____________________________________________________ FORM 10-Q ____________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION ...

Financial Data and Key Metrics Changes - Company-wide revenues reached $917 million, a 2.5% increase year-over-year, while EBITDAR was $351 million, nearly matching last year's performance [20] - Property-level margins were maintained at 42%, consistent with recent quarters, and company-wide margins exceeded 38% [20][5] - The Online segment achieved a 75% EBITDAR gain, generating $13 million in EBITDAR during the quarter [12][20] Business Line Data and Key Metrics Changes - The Las Vegas Locals segment faced a year-over-year decline primarily due to a difficult comparison with last year's surge post-restrictions, with April accounting for most of the decline [6][20] - The Midwest & South segment showed sequential improvement in revenue and EBITDAR since Q4 2022, with operating margins at 39% [11] - The Online segment is projected to generate $55 million to $60 million in EBITDAR for the full year, up from a previous forecast of $50 million [12][20] Market Data and Key Metrics Changes - Visitation to Las Vegas increased nearly 10% over the trailing 12 months, with air traffic at all-time highs [7] - Employment in Southern Nevada rose more than 4% year-over-year, indicating a strong local economy [7] - The Downtown Las Vegas market saw strong pedestrian traffic, with nearly 60% of tourists visiting the area [8] Company Strategy and Development Direction - The company plans to continue its capital return program, with $100 million in share repurchases per quarter and regular dividend distributions [18] - Ongoing expansion projects, including the Treasure Chest Casino, are expected to enhance appeal and contribute to growth starting in the second half of 2024 [16][17] - The company remains disciplined regarding M&A opportunities, focusing on organic growth and capital returns [39][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term trajectory of the Locals business, despite facing challenging year-over-year comparisons [15] - The company does not expect significant changes in customer trends for the remainder of the year, with stability anticipated in core customer play [15] - Management noted that disruptions from ongoing renovations in Downtown Las Vegas will impact Q3 results but expect improvements in Q4 [16] Other Important Information - Capital expenditures for the quarter were $75 million, with a total of $350 million projected for the year [21][22] - The company has a strong balance sheet with total leverage at approximately 2.3x and no near-term debt maturities [23] Q&A Session Summary Question: Insights on the Locals market and customer segments - Management noted that core customers performed well, with stable spend per visit but a slight pullback in visitation [25][26] - Early July trends showed an increase in visitation compared to Q2, indicating a positive shift [27] Question: Changes in promotional behavior from competitors - The promotional environment in the locals market has remained stable, with no significant changes noted [29][30] Question: Stability in Southern markets - Management indicated that the Southern markets have stabilized, with signs of improvement in customer trends and financial performance [35][36] Question: Update on digital guidance and online casino launch - The Online segment's guidance was increased due to strong Q2 performance, with expectations for continued growth [42][45] Question: Impact of construction disruptions in Downtown - Estimated EBITDA impact from disruptions in Downtown is projected to be $2 million to $3 million, with expectations for recovery in Q4 [48] Question: Non-gaming revenue trends - Room revenue in Las Vegas was up, while Downtown faced softness due to construction disruptions [73] Question: Competitive openings and risks - The only significant upcoming opening is the Durango project in Las Vegas, with management confident that customers will return to existing properties after exploring new ones [84]

FORM 10-Q ____________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________________________________________________ Nevada 88-0242733 (State or other jurisdiction of incorporation or organization) For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHA ...

Boyd Gaming Corporation (NYSE:BYD) Q1 2023 Earnings Conference Call April 25, 2023 5:00 PM ET Company Participants Josh Hirsberg - EVP and CFO Keith Smith - President and CEO Conference Call Participants Steve Wieczynski - Stifel Joseph Greff - JPMorgan Carlo Santarelli - Deutsche Bank Barry Jonas - Truist Securities Shaun Kelley - Bank of America David Katz - Jefferies Daniel Politzer - Wells Fargo Brandt Montour - Barclays Edward Engel - ROTH MKM Partners Joseph Stauff - Susquehanna Financial Group C ...