Financial Performance - For the three months ended March 31, 2025, net income totaled $19.9 million, reflecting an 8.7% increase compared to $18.3 million in the same period in 2024[104] - Net revenues for the same period increased by $3.7 million, or 3.1%, totaling $125.4 million compared to the prior year[104] - Casino revenue increased by 5.0% in Q1 2025, driven by a continued increase in market share[105] - Food and beverage revenue decreased by 0.5% due to a 0.7% decrease in covers, while revenue per cover increased by 0.2%[106] - Hotel revenue decreased by 0.4%, with an average daily rate (ADR) increase of $10.83, and occupancy rate rising to 80.9%[107] - Other revenue increased by 9.2%, primarily due to higher spa and commission revenues[108] Expenses and Cash Flow - SG&A expense increased to $27.2 million, but as a percentage of net revenue, it decreased to 21.7% from 22.3%[109] - Net cash provided by operating activities was $36.5 million, a decrease from $38.3 million in the same prior year period[114] - Cash paid for capital expenditures totaled $16.0 million in Q1 2025, down from $17.9 million in Q1 2024[112] Financing Activities - Net cash used in financing activities totaled $4.1 million, consisting of $5.5 million for dividends, partially offset by $1.4 million from stock options exercise[116] - The Company entered into an Amended Credit Facility of $100.0 million, extending the maturity date to January 1, 2028[117] - As of March 31, 2025, the Company had no outstanding principal balance under the Amended Credit Facility, with $99.4 million available for borrowing[118] Financial Ratios and Risk Management - The Total Leverage Ratio was 0.0:1.0 and the Fixed Charge Coverage Ratio was 49.2:1.0 as of March 31, 2025, exceeding the required ratios[119] - The interest rate under the Amended Credit Facility is SOFR plus a margin of 1.25% or a base rate plus a margin of 0.25% per annum[121] - The Company anticipates that operating cash flows will be sufficient to sustain operations for the next twelve months, but acknowledges potential risks that could impact cash flow[122] - The Company has not entered into derivative financial instruments for trading or speculative purposes, indicating a conservative approach to market risk[127] - As of March 31, 2025, the Company had no cash or cash equivalents subject to market risk[128]

Core Insights - Atlantis Casino Resort Spa has been recognized as the top hotel in Reno by U.S. News & World Report, evaluated among over 31,000 properties globally [1][2][3] - The hotel features modern amenities, including brand new hotel rooms and suites, and is committed to service excellence [3][5] Company Overview - Atlantis Casino Resort Spa is owned and operated by Monarch Casino & Resort, Inc. and is consistently ranked as the 1 Reno resort on TripAdvisor [5] - The property has received the prestigious AAA Four Diamond designation and is recommended by Forbes Travel Guide [5] Industry Context - The 2025 Best Hotels rankings by U.S. News highlight the importance of modern amenities and exceptional customer service in attracting guests [4] - The rankings serve as a resource for various types of travelers, from couples to families [4]

Core Insights - Monarch Casino reported revenue of $125.39 million for Q1 2025, a year-over-year increase of 3.1% and an EPS of $1.05 compared to $0.93 a year ago, exceeding Zacks Consensus Estimate of $123.27 million by 1.73% [1] - The company delivered an EPS surprise of 0.96%, with the consensus EPS estimate being $1.04 [1] Revenue Breakdown - Other Revenues: $5.77 million, exceeding the estimated $5.07 million, representing a year-over-year increase of 9.2% [4] - Hotel Revenues: $16.71 million, slightly above the estimated $16.37 million, showing a minor decline of 0.4% year-over-year [4] - Food and Beverage Revenues: $30.02 million, below the estimated $31.10 million, reflecting a decrease of 0.5% year-over-year [4] - Casino Revenues: $72.90 million, surpassing the estimated $70.77 million, with a year-over-year increase of 5% [4] Stock Performance - Monarch Casino's shares have returned -9.1% over the past month, compared to the Zacks S&P 500 composite's -8.9% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Monarch Casino (MCRI) came out with quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $0.93 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.96%. A quarter ago, it was expected that this casino operator would post earnings of $1.15 per share when it actually produced earnings of $1.36, delivering a surprise of 18.26%.Over the last four quarters, the co ...

Financial Performance - Net revenue for Q1 2025 reached a record $125.4 million, up 3.1% from $121.7 million in Q1 2024[1][4] - Net income increased by 8.7% to $19.9 million, with diluted EPS rising 12.9% to $1.05 compared to $0.93 in the prior year[1][6] - Adjusted EBITDA for Q1 2025 was $41.1 million, reflecting a 6.7% increase from $38.5 million in Q1 2024[1][6] - Casino revenue grew by 5.0% year-over-year, while food and beverage and hotel revenues decreased by 0.5% and 0.4%, respectively[4] - The operating margin improved by 110 basis points to a record 32.8% in Q1 2025[2] Expenses and Efficiency - SG&A expenses as a percentage of net revenue decreased to 21.7% from 22.3% in the prior year, indicating improved operational efficiency[5] - The company reported stock-based compensation expenses of $2,127 thousand for Q1 2025, compared to $1,778 thousand in Q1 2024, an increase of about 19.6%[21] - The provision for income taxes was $5,770 thousand for Q1 2025, slightly higher than $5,542 thousand in Q1 2024, indicating an increase of approximately 4.1%[21] Capital Expenditures and Investments - Capital expenditures for Q1 2025 totaled $16 million, funded from operating cash flow, including ongoing upgrades at Atlantis[7] - Approximately $100 million in capital investments are nearing completion for the redesign and upgrade of hotel rooms at Atlantis[3] - Monarch is evaluating potential M&A transactions to drive long-term value for shareholders[8] Assets and Liabilities - Total assets increased to $712,086 thousand as of March 31, 2025, up from $691,583 thousand at December 31, 2024, representing a growth of approximately 2.2%[19] - Total current assets rose to $103,311 thousand as of March 31, 2025, compared to $90,422 thousand at the end of 2024, marking an increase of around 14.2%[19] - Total liabilities increased slightly to $176,451 thousand as of March 31, 2025, from $173,835 thousand at December 31, 2024, a change of about 0.9%[19] - Retained earnings grew to $532,676 thousand as of March 31, 2025, up from $518,350 thousand at the end of 2024, representing an increase of approximately 2.8%[19] - Cash and cash equivalents increased to $75,090 thousand as of March 31, 2025, compared to $58,760 thousand at December 31, 2024, a significant rise of about 27.8%[19] - Accounts payable decreased to $38,803 thousand as of March 31, 2025, down from $41,243 thousand at the end of 2024, reflecting a decline of approximately 5.9%[19] Dividends - The company declared a cash dividend of $0.30 per share, payable on June 15, 2025, as part of an annual dividend of $1.20 per share[8][9]

Declares Cash Dividend of $0.30 per Share Payable on June 15, 2025 RENO, Nev., April 22, 2025 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) ("Monarch" or "the Company") today reported operating results for the first quarter ended March 31, 2025, as summarized below: ($ in thousands, except per share data and percentages) | | | | | Three Months Ended March 31, | | | --- | --- | --- | --- | --- | --- | | | | 2025 | | 2024 | Increase | | Net revenue | $ | 125,394 | $ | 121,657 | 3.1% | | Net ...

Core Viewpoint - Monarch Casino & Resort, Inc. is set to release its first quarter financial results for 2025 on April 22, 2025, after market close [1] Company Overview - Monarch Casino & Resort, Inc. operates two main properties: Monarch Casino Resort Spa in Black Hawk, Colorado, and Atlantis Casino Resort Spa in Reno, Nevada [2] - Monarch Black Hawk features 516 guest rooms, approximately 60,000 square feet of casino space, 1,000 slot machines, 43 table games, and various dining and entertainment options [3] - Atlantis Casino Resort Spa includes 817 guest rooms, around 61,000 square feet of casino space, 1,200 slot and video poker machines, and a variety of food outlets and recreational facilities [4]

RENO, Nev., April 09, 2025 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ: MCRI) announced today that it will release its 2025 first quarter financial results after the market closes on Tuesday, April 22, 2025. About Monarch Casino & Resort, Inc.Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Monarch Casino Resort Spa ("Monarch Black Hawk") in Black Hawk, Colorado, approximately 40 miles west of Denver and the Atlantis Casino Resort Spa ("Atlantis"), a hotel/casino ...

Core Insights - The article discusses the expertise of a specialized equity analyst in the restaurant sector, focusing on various dining segments in the U.S. market [1] Company Analysis - The company, Goulart's Restaurant Stocks, is dedicated to analyzing restaurant stocks across multiple segments, including QSR, fast casual, casual dining, fine dining, and family dining [1] - Advanced analytical models and specialized valuation techniques are employed to provide detailed insights and actionable strategies for investors [1] Industry Engagement - The analyst actively participates in academic and journalistic initiatives, contributing to institutions that promote individual and economic freedom [1] - Previous contributions include columns on monetary policy, financial education, and financial modeling aimed at making these topics accessible to a broader audience [1]

Renovation and Expansion - Monarch Casino Resort Spa Black Hawk completed a master planned renovation and expansion at the beginning of 2022, transforming the property into a world-class resort[223]. Economic Environment - The Denver metro economy shows higher than the national average per capita personal income, benefiting Monarch Black Hawk's operations[223]. - The Atlantis Casino Resort Spa is positioned to benefit from local economic growth, despite facing competitive pressures and wage inflation[222]. Revenue Growth and Challenges - The company expects to leverage the expanded operations and the elimination of betting limits in Black Hawk, Colorado, to enhance revenue growth[223]. - Labor challenges are present due to low unemployment in the staffing filter markets, impacting operational efficiency[223]. - The company is actively managing labor challenges and inflationary pressures that are affecting revenue growth and profit margins at Atlantis[222]. Key Performance Indicators - Key Performance Indicators (KPIs) include gaming revenue metrics such as slot coin-in and table games drop, which are critical for managing business performance[225]. - Food and Beverage operations are measured by covers and average revenue per cover, indicating changes in guest preferences and spending habits[227]. - Hotel operations are evaluated using occupancy rate and average daily rate (ADR), with revenue per available room (RevPAR) as a key performance measure[228]. Financial Performance - Net income for the year ended December 31, 2024, was $72.8 million, a decrease of 11.7% from $82.4 million in 2023, with diluted EPS dropping from $4.20 to $3.84, a decrease of 8.6%[231]. - Net revenue increased by $20.7 million, or 4.1%, to $522.2 million in 2024 from $501.5 million in 2023[231]. - Casino revenue rose by 4.1% in 2024, while casino operating expenses as a percentage of revenue increased to 37.2% from 36.4% in 2023[232]. - Food and beverage revenue increased by 0.7% in 2024, with operating expenses as a percentage of revenue rising to 73.7% from 72.4% in 2023[233]. - Hotel revenue grew by 7.6% in 2024, driven by an increase in ADR from $172.62 in 2023 to $182.48 in 2024, and RevPAR increased to $220.28 from $209.71[235]. Expenses and Cash Flow - SG&A expenses increased to $108.3 million in 2024 from $105.8 million in 2023, but as a percentage of net revenue, it decreased to 20.7% from 21.1%[237]. - Capital expenditures for 2024 totaled $43.9 million, down from $51.4 million in 2023, primarily for hotel room upgrades and gaming equipment acquisition[242]. - Net cash provided by operating activities decreased by $32.3 million, or 18.7%, to $140.7 million in 2024 compared to the previous year[246]. - Net cash used in financing activities was $81.5 million in 2024, including $60.0 million for stock repurchases and $22.3 million for dividends[248]. Litigation and Legal Matters - The company expects cash flows to be negatively impacted by outstanding payments related to litigation, with a judgment of $74.6 million issued on February 14, 2025[249]. - The company reported a loss contingency estimate of $75 million related to litigation with PCL Construction Services, which is considered a critical audit matter[275][276]. - The Court awarded damages in favor of PCL of $74,772,551 for breach of contract claims, with a net judgment amount of $74,627,657 against the Company[387]. - The Company anticipates filing an appeal regarding the Court's Judgment and has obtained a supersedeas bond of $25 million[389]. Shareholder Returns - The Company paid a one-time cash dividend of $5.00 per share in 2023 and initiated an annual dividend policy of $1.20 per share starting in Q2 2023[398]. - For the year ended December 31, 2024, the Company paid four cash dividends of $0.30 each under the annual dividend policy, totaling $1.20 per share[399]. Assets and Liabilities - As of December 31, 2024, the company had $58.760 million in cash and cash equivalents, an increase from $43.361 million in 2023[284]. - Total assets as of December 31, 2024, were $691.583 million, up from $680.873 million in 2023, indicating a growth of 1.0%[284]. - The Company has a liability of $9.5 million related to the Parking Lot Lease recognized in the Consolidated Balance Sheet as of December 31, 2024[394]. Stock and Compensation - The Company has authorization to purchase up to 1,950,040 shares under the stock repurchase plan as of December 31, 2024[376]. - The total stock-based compensation expense for the year ended December 31, 2024, was $7,864 thousand, netting to $6,213 thousand after tax benefits[374]. - Stock options outstanding at the end of the period totaled 1,781,740 shares with a weighted average exercise price of $60.89 and an intrinsic value of $31,699,676[368].