Workflow
Cedar Fair(FUN)
icon
Search documents
Dorney Park & Wildwater Kingdom Announces Opening Dates for Iron Menace
Prnewswire· 2024-03-29 14:15
The Fun Will Begin in April ALLENTOWN, Pa., March 29, 2024 /PRNewswire/ -- The Northeast's highly anticipated, first-ever dive roller coaster Iron Menace is ready for a dynamic event spanning two weekends prior to the Grand Opening of Dorney Park & Wildwater Kingdom on May 10, 2024. The park announced today that the public will get a chance to ride the new roller coaster during Preseason Preview Days to be held on April 27th and 28th, as well as May 4th and 5th. During the event guests will get the chance t ...
VIDEO: Dorney Park Releases First Official ON RIDE Point of View Video from New Iron Menace Roller Coaster
Prnewswire· 2024-03-25 05:00
Dive Roller Coaster Boasts 95-Degree Drop, 4 InversionsALLENTOWN, Pa., March 25, 2024 /PRNewswire/ -- The Northeast's highly anticipated, first-ever dive roller coaster Iron Menace is on the move and cameras are already capturing some of the dynamic testing underway at the Allentown, Pennsylvania amusement park.This morning the park released the first official on ride point of view video. It shows one of the 21-seat trains diving down the 160 foot high, 95-degree drop, before flying at speeds of up to 64 mi ...
Carowinds Announces New Summer Music Festival Amplified by Coke Studio™
Prnewswire· 2024-03-13 15:00
Experience Flo Rida, LeAnn Rimes and more included with park admissionCHARLOTTE, N.C., March 13, 2024 /PRNewswire/ -- Carowinds is thrilled to announce a live music festival series this summer.Exhilarating live music will remix the entire park experience with the new Carowinds Summer Music Fest amplified by Coke Studio™. This multi-weekend music festival promises a memorable experience with headline performances at the Paladium, the iconic on-site amphitheater, and local bands and emerging artists performin ...
Cedar Fair Announces Availability of 2023 K-1 Tax Packages
Businesswire· 2024-03-04 22:30
SANDUSKY, Ohio--(BUSINESS WIRE)--Cedar Fair, L.P. (NYSE: FUN), a leader in regional amusement parks, water parks and immersive entertainment, announced today that its 2023 tax packages, including Schedule K-1, are now available online and may be accessed through Cedar Fair’s website at https://ir.cedarfair.com under the Unitholder Resources tab and the K-1 Tax Package Support webpage www.taxpackagesupport.com/cedarfair. The Company expects to complete the postal mailing of its 2023 Cedar Fair tax packages ...
Six Flags Reports Fourth Quarter and Full Year 2023 Performance
Businesswire· 2024-02-29 11:00
ARLINGTON, Texas--(BUSINESS WIRE)--Six Flags Entertainment Corporation (NYSE: SIX), the world’s largest regional theme park company and the largest operator of water parks in North America, today reported fourth quarter Revenue of $293 million, Net Loss of $22 million, and Adjusted EBITDA(1) of $98 million. For the full year, the company reported revenue of $1,426 million, Net Income of $39 million, and Adjusted EBITDA(1) of $462 million. "As we close out our second year pursuing our premiumization strateg ...
Cedar Fair(FUN) - 2023 Q4 - Annual Report
2024-02-15 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 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 1-9444 CEDAR FAIR, L.P. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incor ...
Cedar Fair, L.P. (FUN) Six Flags Mergers of Equals Conference (Transcript)
2023-11-03 08:35
Summary of Cedar Fair and Six Flags Merger Conference Call Industry and Companies Involved - **Industry**: Amusement Park and Entertainment - **Companies**: Cedar Fair, L.P. (NYSE:FUN) and Six Flags Core Points and Arguments 1. **Merger Announcement**: Cedar Fair and Six Flags announced a proposed merger of equals, aiming to create a leading amusement park operator [3][4] 2. **Financial Results Overview**: - Cedar Fair reported a 7% increase in third-quarter adjusted EBITDA to a record $388 million, with a margin increase to 46.1% [7] - Six Flags reported a 16% increase in attendance to 9.3 million guests and an 8% revenue increase to $547 million [14] 3. **Attendance and Revenue Trends**: - Cedar Fair entertained 12.4 million guests in Q3 2023, generating net revenues of $842 million, slightly down from 2022 [7] - Six Flags experienced a decrease in guest spending per capita but saw strong growth in food and beverage sales [15] 4. **Cost Management**: Cedar Fair reduced operating expenses by $22 million, while Six Flags' cash operating and SG&A expenses increased by 20% due to investments in guest experience [8][16] 5. **Future Growth Strategy**: - The merger is expected to unlock annual synergies of $200 million, with $120 million in cost savings and $80 million in incremental EBITDA [22][27] - The combined company will operate 42 amusement and water parks and 9 resort properties, targeting a more diversified experience for guests [30] 6. **Cultural Fit**: Both companies emphasize a guest-obsessed culture, with a focus on enhancing visitor experiences and operational efficiencies [20][21] 7. **Financial Structure**: The new company will be structured as a C Corp, which is expected to unlock more value for shareholders compared to the previous MLP structure [64][66] 8. **Season Pass Strategy**: The merger will enhance the value proposition for season pass holders, allowing for greater access to multiple parks [60][70] Important but Potentially Overlooked Content 1. **Deferred Revenue Growth**: Cedar Fair's deferred revenue increased by 11% to $208 million, indicating strong early sales for 2024 season passes [10] 2. **Weather Impact**: Poor weather conditions negatively affected attendance and revenue for both companies, particularly in the Northeast and Mid-Atlantic regions [13][16] 3. **Integration Planning**: A comprehensive integration plan is a priority to ensure long-term success post-merger [43] 4. **Cash Flow Generation**: The combined company expects to generate nearly $800 million in free cash flow, with a focus on deleveraging and strategic investments [42] 5. **Guest Experience Focus**: The merger aims to create a more engaging and immersive experience for guests, leveraging both companies' strengths [29][40] This summary encapsulates the key points discussed during the conference call regarding the merger between Cedar Fair and Six Flags, highlighting financial performance, strategic goals, and operational synergies.
Six Flags Merger Presentation
2023-11-03 08:33
CopperSteel HoldCo, Inc. ("HoldCo") (C Corp to be listed on NYSE; Ticker Symbol: FUN) Leadership & Governance 5 Transaction Overview (Continued) and receipt of regulatory clearance ▪ No unitholder vote will be required from Cedar Fair's unitholders, as Cedar Fair will own greater than 51% of the combined company 6 Enhancing the Guest Experience More robust operating platform for improved park offerings and more efficient systemwide performance Combined technology platforms and data analytics capabilities to ...
Cedar Fair(FUN) - 2023 Q2 - Earnings Call Transcript
2023-08-03 20:22
Cedar Fair, L.P. (NYSE:FUN) Q2 2023 Results Conference Call August 3, 2023 10:00 AM ET The new app is being designed to simplify and streamline the guest experience, expedite and expand payment options and minimize wait time beyond the improvements we have already achieved. This is just the latest example of our ongoing investments in technology to improve the guest experience, build loyalty and drive higher attendance and in-park spending. We will begin rolling out the new mobile app in our parks later thi ...
Cedar Fair(FUN) - 2023 Q1 - Earnings Call Transcript
2023-05-04 19:28
Ricardo Chinchilla There are still two more years on those. So we're not going to -- there isn't a sense of urgency that we have to do something right now. We want to remain opportunistic when the market conditions are right to address those. I would say, as Richard mentioned, the goal continues to be to work leverage down back into that three to four times adjusted EBITDA range. Thank you very much for taking my question. The next question comes from Eric Wold. Richard Zimmerman Our target customer, again, ...