Las Vegas Sands Corp. (LVS) reported impressive first-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate and increasing on a year-over-year basis.The quarterly results reflected solid growth in Macao and Singapore. The company witnessed ongoing recovery in travel and progress in tourism spending. Singapore’s Marina Bay Sands demonstrated a record financial and operational performance. The introduction of new suite options and improved services positions the company well fo ...

Las Vegas Sands Corp. (NYSE:LVS) Q1 2024 Earnings Conference Call April 17, 2024 4:30 PM ET Company Participants Daniel Briggs - Senior Vice President of Investor Relations Robert Goldstein - Chairman and Chief Executive Officer Patrick Dumont - President and Chief Operating Officer Grant Chum - Chief Executive Officer & President, Sands China & Executive Vice President, Asia Operations Conference Call Participants Stephen Grambling - Morgan Stanley Carlo Santarelli - Deutsche Bank Joe Greff - J.P. Morgan S ...

Las Vegas Sands (LVS) reported $2.96 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 39.6%. EPS of $0.75 for the same period compares to $0.28 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.94 billion, representing a surprise of +0.64%. The company delivered an EPS surprise of +20.97%, with the consensus EPS estimate being $0.62.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

1Q24 Earnings Presentation April 17, 2024 Forward Looking Statements This presentation contains forward-looking statements made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward- looking statements include the discussions of our business strategies and expectations concerning future operations, margins,profitability, liquidity and capital resources. In addition, in certain portions included in this press release, the words “anticipates,” “believes, ...

Las Vegas Sands (LVS) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.97%. A quarter ago, it was expected that this casino operator would post earnings of $0.63 per share when it actually produced earnings of $0.57, delivering a surprise of -9.52%.Over the last four quarters, the c ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >Las Vegas Sands Corp. (NYSE:LVS) has reported a robust financial performance in the first quarter of 2024, exceeding market expectations and demonstrating resilience amidst dynamic market conditions.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.The renowned developer and operator of convention-based Integrated Resorts reported a net revenue of $2.96 billion for the quarter en ...

Financial Performance - Net Revenue of $2.96 billion and Net Income of $583 million for Q1 2024[2] - Sands China Ltd. (SCL) reported a 42% increase in total net revenues to $1.80 billion compared to Q1 2023[6] - Net revenues for March 2024 increased to $2.959 billion, up from $2.120 billion in March 2023, representing a 39.6% year-over-year growth[30] - Casino revenues grew to $2.228 billion in March 2024, a 44.6% increase compared to $1.541 billion in March 2023[30] - Net income attributable to Las Vegas Sands Corp. rose to $494 million in March 2024, a 236.1% increase from $147 million in March 2023[30] - Adjusted net income attributable to LVS increased to $566 million in March 2024, up from $217 million in March 2023, representing a 160.8% growth[39] - The Venetian Macao's net revenues increased to $771 million in March 2024 from $558 million in March 2023, a 38.2% increase[50] - The Londoner Macao's net revenues surged to $562 million in March 2024 from $283 million in March 2023, a 98.6% increase[53] - The Parisian Macao's net revenues rose to $230 million in March 2024 from $174 million in March 2023, a 32.2% increase[56] - The Plaza Macao and Four Seasons Macao reported a decrease in net revenues from $172 million in 2023 to $142 million in March 2024, a decline of $30 million[59] - Sands Macao saw a slight increase in net revenues from $74 million in 2023 to $76 million in March 2024, with Adjusted Property EBITDA rising from $10 million to $12 million[62] - Marina Bay Sands experienced a substantial increase in net revenues from $848 million in 2023 to $1,158 million in March 2024, driven by a $266 million rise in casino revenues[65] Adjusted Property EBITDA - Consolidated Adjusted Property EBITDA reached $1.21 billion, with Macao contributing $610 million and Marina Bay Sands contributing $597 million[2] - Adjusted Property EBITDA for March 2024 reached $1.207 billion, a 52.4% increase from $792 million in March 2023[33] - The Venetian Macao's Adjusted Property EBITDA margin improved to 40.7% in March 2024, up from 37.6% in March 2023[33] - Marina Bay Sands' Adjusted Property EBITDA margin increased to 51.6% in March 2024, compared to 46.5% in March 2023[33] - The Venetian Macao's adjusted property EBITDA increased to $314 million in March 2024 from $210 million in March 2023, a 49.5% increase[50] - Adjusted Property EBITDA for The Plaza Macao and Four Seasons Macao dropped from $75 million in 2023 to $36 million in March 2024, with the EBITDA margin decreasing from 43.6% to 25.4%[59] - Adjusted Property EBITDA for Marina Bay Sands surged from $394 million in 2023 to $597 million in March 2024, with the EBITDA margin improving from 46.5% to 51.6%[65] Capital and Debt Management - The company repurchased $450 million of common stock during the quarter, with $1.05 billion remaining under the share repurchase program[10] - Capital expenditures totaled $196 million, including $99 million at Marina Bay Sands and $90 million in Macao[12] - Unrestricted cash balances as of March 31, 2024, were $4.96 billion, with $4.43 billion available for borrowing under credit facilities[11] - Total debt outstanding, excluding finance leases and financed purchases, was $13.94 billion as of March 31, 2024[11] - The weighted average borrowing cost decreased to 5.0% in Q1 2024 from 5.4% in Q1 2023[7] Dividends and Shareholder Returns - The company paid a quarterly dividend of $0.20 per common share and announced the next dividend payment for May 15, 2024[10] Tax and Financial Ratios - The effective income tax rate for Q1 2024 was 2.8%, significantly lower than the 25.6% rate in the prior year quarter[9] Casino and Table Games Performance - Hold-adjusted win percentage had a negative impact of $47 million on net revenues in March 2024, compared to a positive impact of $1 million in March 2023[43] - The Venetian Macao's table games win per unit per day increased to $10,901 in March 2024 from $8,576 in March 2023, a 27.1% increase[47] - The Londoner Macao's table games win per unit per day surged to $10,671 in March 2024 from $5,378 in March 2023, a 98.4% increase[47] - The Parisian Macao's table games win per unit per day rose to $7,128 in March 2024 from $5,632 in March 2023, a 26.6% increase[47] - The Plaza Macao and Four Seasons Macao's table games win per unit per day increased to $16,619 in March 2024 from $13,630 in March 2023, a 21.9% increase[47] - Sands Macao's table games win per unit per day grew to $6,753 in March 2024 from $4,538 in March 2023, a 48.8% increase[47] - Marina Bay Sands' table games win per unit per day jumped to $17,597 in March 2024 from $11,222 in March 2023, a 56.8% increase[47] - Rolling Chip Volume at The Plaza Macao and Four Seasons Macao increased significantly from $1,227 million in 2023 to $2,500 million in March 2024, a rise of $1,273 million[59] - Rolling Chip Volume at Marina Bay Sands grew from $7,075 million in 2023 to $8,241 million in March 2024, an increase of $1,166 million[65] Retail and Property Performance - The Shoppes at Venetian reported a gross revenue of $54 million with an operating profit margin of 90.7% and an occupancy rate of 82.0% at the end of the period[68] - Total Cotai Strip in Macao recorded gross revenues of $115 million with an operating profit margin of 89.6% and an occupancy rate of 77.3%[68] - The Shoppes at Marina Bay Sands achieved gross revenues of $59 million with an operating profit margin of 86.4% and an occupancy rate of 99.8%[68] Regional Performance - Macao Operations' net revenues grew to $1.811 billion in March 2024, a 41.6% increase from $1.279 billion in March 2023[33] - The Londoner Macao's net revenues more than doubled to $562 million in March 2024, compared to $283 million in March 2023[33]

Las Vegas Sands Corp. (LVS) is scheduled to report first-quarter 2024 results on Apr 17, 2024, after the closing bell. In the previous quarter, the company reported a negative earnings surprise of 9.5%.What Do the Estimates Say?The Zacks Consensus Estimate for first-quarter earnings per share (EPS) is pegged at 62 cents, indicating a surge of 121.4% from 28 cents reported in the year-ago quarter.For revenues, the consensus mark is pegged at nearly $3 billion. The metric suggests an increase of 39.9% from th ...

LAS VEGAS, April 10, 2024 /PRNewswire/ -- Las Vegas Sands (NYSE: LVS) will release its first quarter 2024 financial results on Wednesday, April 17, 2024, after market close. The company will host a conference call to discuss its results at approximately 1:30 p.m. Pacific Time. A webcast of the conference call will be available at www.investor.sands.com.  About Sands (NYSE: LVS) Sands is the world's preeminent developer and operator of world-class integrated resorts. Our iconic properties drive valuable leis ...

The contribution marks the 10th anniversary of partnership between Sands Cares and the foundation and provides support for the nonprofit's mission to improve public health around the world LAS VEGAS, March 21, 2024 /PRNewswire/ -- Las Vegas Sands (NYSE: LVS) has contributed $500,000 through Sands Cares to The WASH Foundation, an evolution of the Clean the World Foundation, bringing the company's total contributions to the nonprofit organization to more than $5.6 million since kicking off the partnership. T ...