Core Points - Monarch Casino & Resort, Inc. reported a court decision awarding PCL Construction Services, Inc. damages of $74,772,551, while Monarch received $144,894 for its counterclaims, resulting in a net judgment of $74,627,657 against Monarch [1][2] - The company plans to appeal the court's decision to the Colorado Court of Appeals and will adjust its fourth quarter and year-end results due to the judgment [2][3] - Monarch's balance sheet as of September 30, 2024, included a liability of $47,008,285 to PCL, which was adjusted to reflect the judgment amount [3] - An adjustment of $27,619,372 was made to Accounts Payable in the December 31, 2024 Balance Sheet, and a corresponding expense item, Loss on Litigation, was recorded [4] - The adjusted net income for the three months and twelve months ended December 31, 2024, was reported as $4,211 thousand and $72,769 thousand, respectively, significantly lower than previously reported figures [7] Financial Adjustments - The previously reported net income for the three months ended December 31, 2024, was $25,495 thousand, and for the twelve months, it was $94,053 thousand [7] - Basic earnings per share for the three months and twelve months ended December 31, 2024, were adjusted to $0.23 and $3.91, respectively, compared to previously reported $1.39 and $5.05 [7] - Diluted earnings per share for the same periods were adjusted to $0.22 and $3.84, down from previously reported $1.36 and $4.96 [7] Company Overview - Monarch Casino & Resort, Inc. operates the Monarch Casino Resort Spa in Black Hawk, Colorado, and the Atlantis Casino Resort Spa in Reno, Nevada [10] - Monarch Black Hawk features 516 guest rooms, approximately 60,000 square feet of casino space, and various dining and entertainment options [11] - Atlantis features 817 guest rooms, approximately 61,000 square feet of casino space, and a wide range of amenities including a health spa and family entertainment center [12]

Core Points - Monarch Casino & Resort, Inc. reported a court decision awarding PCL Construction Services, Inc. damages of $74,772,551, while Monarch received $144,894 for its counterclaims, resulting in a net judgment of $74,627,657 against Monarch [1][2] - The company plans to appeal the court's decision to the Colorado Court of Appeals and will adjust its fourth quarter and year-end results due to the judgment [2][3] - Monarch's balance sheet as of September 30, 2024, included a liability of $47,008,285 to PCL, which was adjusted to reflect the judgment amount [3] - An adjustment of $27,619,372 was made to Accounts Payable in the December 31, 2024 Balance Sheet, and a corresponding expense item, Loss on Litigation, was recorded [4] - The adjusted net income for the three months and twelve months ended December 31, 2024, was reported as $4,211 thousand and $72,769 thousand, respectively, significantly lower than previously reported figures [7] Financial Adjustments - The previously reported net income for the three months ended December 31, 2024, was $25,495 thousand, and for the twelve months, it was $94,053 thousand [7] - Basic earnings per share for the three months and twelve months ended December 31, 2024, were adjusted to $0.23 and $3.91, respectively, down from $1.39 and $5.05 [7] - Diluted earnings per share for the same periods were adjusted to $0.22 and $3.84, compared to previously reported $1.36 and $4.96 [7] Company Overview - Monarch Casino & Resort, Inc. operates the Monarch Casino Resort Spa in Black Hawk, Colorado, and the Atlantis Casino Resort Spa in Reno, Nevada [10] - Monarch Black Hawk features 516 guest rooms, approximately 60,000 square feet of casino space, and various dining and entertainment options [11] - Atlantis features 817 guest rooms, approximately 61,000 square feet of casino space, and a range of amenities including a health spa and family entertainment center [12]

Group 1: Company Recognition - Monarch Casino & Resort, Inc. has been named one of America's most successful small companies by Forbes, ranking 79th on the 2025 list, marking the third recognition in four years [1][2] - The recognition is attributed to the company's dedication, innovation, and hard work, with a focus on luxury resort offerings and exceptional service [2] Group 2: Financial Performance - Forbes screened 914 companies with a market value between $300 million and $2 billion, ranking the top 100 based on earnings growth, sales growth, return on equity, and total stock return [2] - Monarch posted a 52-week return of 34% and revenue of $516 million as of November 8, 2024 [2] Group 3: Company Operations - Monarch operates two main properties: Atlantis Casino Resort Spa in Reno, Nevada, and Monarch Casino Resort Spa in Black Hawk, Colorado [4] - Monarch Black Hawk features 516 guest rooms, approximately 60,000 square feet of casino space, and various dining and entertainment options [5] - Atlantis features 817 guest rooms, approximately 61,000 square feet of casino space, and multiple food outlets and entertainment facilities [6]

Group 1 - Monarch Casino & Resort, Inc. has been recognized by Forbes as one of America's most successful small companies, ranking 79 on the 2025 list, marking the third recognition in four years [1][2] - The company achieved a 52-week return of 34% and reported revenue of $516 million as of November 8, 2024, based on data from FactSet [2] - Forbes screened 914 companies with market values between $300 million and $2 billion, ranking the top 100 based on earnings growth, sales growth, return on equity, and total stock return over the latest 12 months and the last five years [2] Group 2 - Monarch operates two major properties: Atlantis Casino Resort Spa in Reno, Nevada, and Monarch Casino Resort Spa in Black Hawk, Colorado [4] - Monarch Black Hawk features 516 guest rooms, approximately 60,000 square feet of casino space, and various dining and entertainment options [5] - Atlantis Casino Resort Spa offers 817 guest rooms, approximately 61,000 square feet of casino space, and multiple food outlets and entertainment facilities [6]

Core Insights - Atlantis Casino Resort Spa's Atlantis Steakhouse and Spa Atlantis have received the Forbes Travel Guide Four-Star Award, highlighting their luxurious offerings and exceptional guest service [1][2] - Spa Atlantis has been awarded the Four-Star Award for ten consecutive years, while Atlantis Steakhouse is a two-time recipient [1][2] - Atlantis Casino Resort Spa is the only property in Reno recognized by Forbes Travel Guide, emphasizing its status in the hospitality industry [1] Company Overview - Owned and operated by Monarch Casino & Resort, Inc. (NASDAQ:MCRI), Atlantis Casino Resort Spa is ranked as the 1 Reno resort on TripAdvisor and holds the AAA Four Diamond designation [5] - The resort is located near Lake Tahoe and offers a range of activities including hiking, skiing, and golfing [5] - Atlantis Casino Resort Spa features luxurious accommodations, award-winning dining, and entertainment options [5] Dining and Spa Highlights - Atlantis Steakhouse is the only Forbes Four-Star restaurant in northern Nevada, known for its high-quality steaks and an award-winning wine selection [2] - Spa Atlantis spans 30,000 square feet and offers a variety of luxurious treatments, making it one of only 224 spas worldwide to receive a Forbes Four-Star Award [3] - The spa includes amenities such as treatment rooms, saunas, pools, and a fitness center [3] Recognition and Standards - Forbes Travel Guide's evaluations are based on up to 900 objective standards, focusing on exceptional service [4] - The Atlantis Hotel and Bistro Napa has received the Recommended rating from Forbes Travel Guide for ten consecutive years, indicating consistent excellence in service and facilities [4]

Core Points - Atlantis Casino Resort Spa's Atlantis Steakhouse and Spa Atlantis have received the Forbes Travel Guide Four-Star Award, marking the 10th consecutive year for Spa Atlantis and the second for Atlantis Steakhouse [1][2] - Atlantis Casino Resort Spa is the only property in Reno recognized by Forbes Travel Guide, highlighting its luxurious offerings and exceptional guest service [1][2] Company Overview - Owned and operated by Monarch Casino & Resort, Inc. (Nasdaq: MCRI), Atlantis Casino Resort Spa is consistently ranked as the 1 resort in Reno on TripAdvisor and has received the AAA Four Diamond designation [5] - The resort is located near Lake Tahoe and offers a range of activities including hiking, skiing, and golfing, enhancing its appeal as a premier destination in northern Nevada [5] Dining and Spa Experience - Atlantis Steakhouse is the only Forbes Four-Star restaurant in northern Nevada, featuring a menu with high-quality steaks and an award-winning wine selection recognized by Wine Spectator for 24 consecutive years [2] - Spa Atlantis, covering 30,000 square feet, offers luxurious treatments and facilities, and is one of only 224 spas worldwide to receive a Forbes Four-Star Award [3] Recognition and Standards - The Atlantis Hotel and Bistro Napa have received the Recommended rating from Forbes Travel Guide for 10 consecutive years, indicating consistent excellent service and facilities [4] - Forbes' evaluations are based on up to 900 objective standards, emphasizing exceptional service to help travelers select luxury experiences [4]

Core Insights - Monarch Casino & Resort, Inc. (MCRI) reported strong fourth-quarter 2024 results, with adjusted earnings and net revenues exceeding expectations and showing year-over-year growth [1][4] Financial Performance - Adjusted EPS for Q4 was $1.36, surpassing the Zacks Consensus Estimate of $1.15 by 18.3%, compared to $0.93 in the same quarter last year [4] - Net revenues reached $134.5 million, exceeding the consensus mark of $129 million by 4.3% and growing 4.9% year over year [4] - Casino and Hotel revenues increased to $77.1 million and $18.2 million, respectively, from $72.7 million and $16.8 million in the prior year [5] - Other revenues grew by 13.5% year over year to $6.6 million, while food and beverage revenues slightly declined to $32.6 million from $32.8 million [5] Operational Highlights - Income from operations was $31.5 million, up from $25.4 million in the prior-year quarter [6] - Total operating expenses increased by 0.2% year over year to $103 million, attributed to higher costs in various business segments [6] - SG&A expenses decreased to $27.8 million from $28.7 million, mainly due to lower labor and advertising costs [7] - Adjusted EBITDA rose by 9.9% to $47.3 million from $43 million in the previous year [7] Annual Performance - For the full year 2024, net revenues increased by 4.1% to $522.2 million [8] - Adjusted EBITDA for the year was $180.4 million, up 5.6% from $170.8 million [8] - The company reported an adjusted EPS of $4.96 for the full year, an increase of 18.1% from $4.20 in 2023 [8] Balance Sheet and Dividends - As of December 31, 2024, cash and cash equivalents totaled $58.8 million, up from $43.4 million a year earlier [10] - Inventories increased to $9.3 million from $7.6 million [10] - The company had no long-term debt at the end of 2024, compared to $5.5 million at the end of 2023 [10] - A quarterly cash dividend of $0.30 per share was declared, payable on March 15, 2025 [10] Future Outlook - The company is optimistic about its Atlantis property, which is undergoing approximately $100 million in redesign and upgrades, expected to be completed by Q2 2025 [3] - MCRI plans to continue implementing efficient operating strategies and making profitable investments to drive future growth [3]

Core Insights - Monarch Casino (MCRI) reported revenue of $134.51 million for Q4 2024, marking a year-over-year increase of 4.9% and exceeding the Zacks Consensus Estimate by 4.27% [1] - The company's EPS for the same quarter was $1.36, up from $0.93 a year ago, representing an EPS surprise of 18.26% compared to the consensus estimate of $1.15 [1] Revenue Breakdown - Other Revenues: $6.63 million, exceeding the three-analyst average estimate of $5.53 million, with a year-over-year change of +13.5% [4] - Hotel Revenues: $18.21 million, surpassing the three-analyst average estimate of $17.40 million, reflecting a year-over-year increase of +8.3% [4] - Food and Beverage Revenues: $32.58 million, slightly above the estimated $31.83 million, but showing a year-over-year decline of -0.7% [4] - Casino Revenues: $77.09 million, exceeding the average estimate of $74.27 million, with a year-over-year increase of +6% [4] Stock Performance - Shares of Monarch Casino have returned +8.2% over the past month, outperforming the Zacks S&P 500 composite's +4.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Company Performance - Monarch Casino reported quarterly earnings of $1.36 per share, exceeding the Zacks Consensus Estimate of $1.15 per share, and up from $0.93 per share a year ago, representing an earnings surprise of 18.26% [1] - The company posted revenues of $134.51 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 4.27%, compared to $128.19 million in the same quarter last year [2] - Over the last four quarters, Monarch Casino has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times as well [2] Stock Performance - Monarch Casino shares have increased approximately 8.3% since the beginning of the year, outperforming the S&P 500's gain of 3.1% [3] - The current consensus EPS estimate for the upcoming quarter is $1.05 on revenues of $123.8 million, and for the current fiscal year, it is $5.01 on revenues of $526.8 million [7] Industry Outlook - The Gaming industry, to which Monarch Casino belongs, is currently ranked in the top 17% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]

Financial Performance - Fourth quarter net revenue reached $134.5 million, a 4.9% increase from $128.2 million in Q4 2023[1] - Net income for the fourth quarter increased by 40.1% to $25.5 million, compared to $18.2 million in the same period last year[1] - Adjusted EBITDA for Q4 2024 was $47.3 million, reflecting a 9.9% increase from $43.0 million in Q4 2023[1] - Basic earnings per share rose to $1.39, a 47.9% increase from $0.94 in Q4 2023[1] - Net income for Q4 2024 was $25,495,000, an increase of 40.5% compared to $18,202,000 in Q4 2023[23] - Adjusted EBITDA for Q4 2024 reached $47,280,000, up 9.6% from $43,003,000 in Q4 2023[23] - Basic earnings per share for Q4 2024 was $1.39, compared to $0.94 in Q4 2023, reflecting a 47.8% increase[23] - Diluted earnings per share for the full year 2024 was $4.96, up from $4.20 in 2023, an increase of 18.1%[23] Revenue Breakdown - Casino revenue increased by 6.0% to $77.1 million in Q4 2024, while hotel revenue grew by 8.3% to $18.2 million[5] Expenses and Costs - Selling, general and administrative expenses decreased to $27.8 million, down from $28.7 million in Q4 2023, representing 20.7% of net revenue[6] - The company reported stock-based compensation expenses of $2,275,000 for Q4 2024, slightly down from $2,580,000 in Q4 2023[23] Capital Expenditures - Capital expenditures in Q4 2024 totaled $10.7 million, funded from operating cash flow, primarily for hotel room upgrades[8] Shareholder Returns - The company declared a cash dividend of $0.30 per share, payable on March 15, 2025, as part of an annual dividend of $1.20 per share[10] Strategic Initiatives - Monarch is evaluating potential M&A transactions to drive long-term value for shareholders[9] - The company anticipates completing the final phase of hotel room renovations at Atlantis by the second quarter of 2025[4] Asset and Equity Growth - Total current assets increased to $90,422,000 in 2024 from $74,966,000 in 2023, reflecting a growth of 20.5%[21] - Cash and cash equivalents rose to $58,760,000 in 2024, compared to $43,361,000 in 2023, marking a 35.5% increase[21] - Total assets grew to $691,583,000 in 2024, up from $680,873,000 in 2023, indicating a 1.0% increase[22] - Stockholders' equity increased to $539,032,000 in 2024 from $513,140,000 in 2023, representing a growth of 5.1%[22] - Total liabilities decreased to $152,551,000 in 2024 from $167,733,000 in 2023, a reduction of 9.0%[22]