Golden Entertainment(GDEN)

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Golden Entertainment(GDEN) - 2025 Q2 - Quarterly Report
2025-08-08 16:29
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 June 30, 2025 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: 000-24993 ____________________________ ...
Golden Entertainment (GDEN) Q2 Earnings Beat Estimates
ZACKS· 2025-08-07 23:46
Golden Entertainment (GDEN) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +21.43%. A quarter ago, it was expected that this gaming services provider would post earnings of $0.1 per share when it actually produced earnings of $0.09, delivering a surprise of -10%.Over the last four qu ...
Golden Entertainment(GDEN) - 2025 Q2 - Earnings Call Transcript
2025-08-07 22:00
Golden Entertainment (GDEN) Q2 2025 Earnings Call August 07, 2025 05:00 PM ET Speaker0Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to the Golden Entertainment Second Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal remarks.Please note that this call is being recorded today. Now I'd like to turn the conference over to James Adams, the company's Vice President of Corpo ...
Golden Entertainment(GDEN) - 2025 Q2 - Earnings Call Presentation
2025-08-07 21:00
We define "Adjusted EBITDA" as earnings before depreciation and amortization, non-cash lease benefit or expense, share-based compensation expense, gain or loss on disposal of assets and businesses, loss on debt extinguishment and modification, preopening and related expenses, system implementation costs, impairment of assets, interest, income taxes, and other non-cash charges and non-recurring expenses that are deemed to be not indicative of our core operating results. We define "Adjusted EBITDA Margin" as ...
Golden Entertainment(GDEN) - 2025 Q2 - Quarterly Results
2025-08-07 20:09
Exhibit 99.1 GOLDEN ENTERTAINMENT REPORTS 2025 SECOND QUARTER RESULTS LAS VEGAS – August 7, 2025 – Golden Entertainment, Inc. (NASDAQ: GDEN) ("Golden Entertainment" or the "Company") today reported financial results for the second quarter ended June 30, 2025. Consolidated Results The Company reported second quarter 2025 revenues of $163.6 million, compared to revenues of $167.3 million for the second quarter of 2024. Net income for the second quarter of 2025 was $4.6 million, or $0.17 per fully diluted shar ...
Golden Entertainment: Downgrade Misses The Forest For The Trees
Seeking Alpha· 2025-07-17 10:08
Group 1 - The article discusses Golden Entertainment (NASDAQ: GDEN), a small operator of casinos and taverns located in Las Vegas, Laughlin, and Pahrump [1] - Golden Entertainment is known for its Stratosphere Las Vegas property, which is referred to as The STRAT, and is noted for its impressive views [1]
Golden Entertainment: Buybacks + Dividends + Deleveraging = Happy Shareholders
Seeking Alpha· 2025-06-18 11:12
Group 1 - Boyd Gaming (BYD) has been a top pick in the casino sector since last year, with the stock increasing over 40% compared to the S&P's 18% return in the same period [1]
Golden Entertainment(GDEN) - 2025 Q1 - Quarterly Report
2025-05-09 18:17
Financial Performance - Total revenues for the three months ended March 31, 2025, were $160.8 million, a decrease of $13.2 million, or 8%, compared to $174.0 million in the prior year period[109] - Gaming revenues decreased by $6.7 million, primarily due to the exclusion of results from distributed gaming operations sold on January 10, 2024[110] - Operating income for the three months ended March 31, 2025, was $11.1 million, down from $80.1 million in the prior year period[109] - Net income for the three months ended March 31, 2025, was $2.5 million, compared to $42.0 million in the prior year period[109] - Adjusted EBITDA for the same period was $37.581 million, down $3.411 million, or 8.3%, from $40.992 million in the prior year[123] - Nevada Casino Resorts segment revenues decreased by $6.8 million, or 7%, with Adjusted EBITDA down by $2.1 million, or 8%[124] - Nevada Locals Casinos segment revenues decreased by $0.2 million, or 0.4%, while Adjusted EBITDA increased by $0.3 million, or 2%[126] - Nevada Taverns segment revenues decreased by $0.3 million, or 1%, and Adjusted EBITDA decreased by $0.2 million, or 3%[127] Transactions and Acquisitions - The company completed the sale of its distributed gaming operations in Nevada for cash consideration of $213.5 million on January 10, 2024[96] - The company acquired the operations of Great American Pub for $7.3 million on April 22, 2024, adding two tavern locations to its portfolio[97] Expenses and Costs - Selling, general and administrative expenses decreased by $5.8 million, or 10%, for the three months ended March 31, 2025, primarily due to reduced transaction costs and advertising expenses[112] - The increase in depreciation and amortization expenses of $0.3 million, or 2%, was primarily related to the addition of GAP tavern locations and new assets placed in service[114] - The gain on sale of business of $69.7 million in the prior year period was related to the sale of distributed gaming operations[116] Cash Flow and Financing - Cash and cash equivalents as of March 31, 2025, totaled $50.5 million, with $225 million available under the Revolving Credit Facility[130] - Net cash provided by operating activities increased by $2.8 million, or 11%, to $28.6 million for the three months ended March 31, 2025[134] - Net cash used in financing activities increased by $16.2 million, or 210%, to $23.9 million for the three months ended March 31, 2025, primarily due to stock repurchases and cash dividends[136] - The company intends to fund capital expenditures through operating cash flows and the Revolving Credit Facility, with ongoing refurbishment and maintenance at its facilities[140] - As of March 31, 2025, the company had $393 million in outstanding Term Loan B-1 borrowings and $15 million under the Revolving Credit Facility[153] - The weighted-average effective interest rate on the company's outstanding borrowings was 6.60% for the three months ended March 31, 2025[154] - A 50 basis point increase in the applicable interest rate would increase interest incurred by $2.0 million over a twelve-month period[154] Regulatory and Market Risks - The gaming industry is subject to extensive regulation, and changes in laws or regulations could materially affect the company's financial position[149] - The company’s casino properties and branded taverns in Nevada experience seasonal revenue fluctuations, with lower revenues in summer and higher revenues in fall[147] - The primary exposure to market risk is interest rate risk associated with variable rate long-term debt[152] Accounting and Valuation - The estimated fair value of an indefinite-lived trade name did not significantly exceed its carrying value as of October 1, 2024, indicating potential impairment risks[145] - The company has no off-balance sheet arrangements that could materially affect its financial condition or results[151] - There were no material changes to critical accounting policies and estimates during the three months ended March 31, 2025[146]
Golden Entertainment (GDEN) Lags Q1 Earnings and Revenue Estimates
ZACKS· 2025-05-08 23:10
Golden Entertainment (GDEN) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.10 per share. This compares to loss of $0.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -10%. A quarter ago, it was expected that this gaming services provider would post earnings of $0.22 per share when it actually produced earnings of $0.10, delivering a surprise of -54.55%.Over the last four quart ...
Golden Entertainment(GDEN) - 2025 Q1 - Earnings Call Transcript
2025-05-08 22:02
Golden Entertainment (GDEN) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants James Adams - VP - Corporate Finance & TreasurerCharles Protell - President & CFOBarry Jonas - Managing DirectorBlake Sartini - Chairman & CEODavid Katz - Managing DirectorZachary Silverberg - Vice President, Equity Research, Gaming & LeisureJohn Decree - Director - Equity Research Conference Call Participants Chad Beynon - Managing Director, AnalystJordan Bender - Senior Equity Research Analyst Operator Good aft ...