Golden Entertainment(US:GDEN)2025-05-08 20:05Financial Performance - Golden Entertainment reported Q1 2025 revenues of $160.8 million, a decrease of 7.4% from $174.0 million in Q1 2024[3] - Net income for Q1 2025 was $2.5 million, or $0.09 per diluted share, compared to $42.0 million, or $1.37 per diluted share in Q1 2024[3] - Adjusted EBITDA for Q1 2025 was $37.6 million, down from $41.0 million in Q1 2024, reflecting a decline of 8.3%[3] Share Repurchase and Dividends - The company repurchased 273,945 shares at an average price of $27.79 per share, totaling $7.6 million, with $91.8 million remaining under its repurchase authorization[2] - The company plans to continue opportunistically repurchasing common stock under its current buyback authorization[3] - The board authorized a quarterly cash dividend of $0.25 per share, payable on July 9, 2025[1] Debt and Liquidity - As of March 31, 2025, total debt outstanding was $411.3 million, including $393.0 million in term loans and $15.0 million in revolving credit[4] - Cash and cash equivalents stood at $50.5 million, with $225.0 million available under the revolving credit facility as of March 31, 2025[5] Business Operations - The company operates eight casinos and 72 gaming taverns in Nevada, featuring approximately 5,500 slots and 100 table games[10] Future Outlook - Forward-looking statements indicate potential growth and strategies for future business opportunities, subject to various risks and uncertainties[7]