FONT-SIZE Plus   Neg

Ryman Hospitality Properties Slips To Loss In Q4 - Quick Facts

Ryman Hospitality Properties Inc. (RHP) reported that its fourth-quarter loss from continuing operations was $14.9 million, or $0.32 per share compared to income from continuing operations of $5.1 million, or $0.10 per share, in the prior-year quarter.

Loss from continuing operations for the fourth quarter of 2012 included $44.2 million in pretax expenses related to the Company's conversion to a REIT and the impact of a $20 million pretax gain on the sale of brand rights to Marriott.

Income from continuing operations in the fourth quarter of 2011 included a non-cash pre-tax charge of $4.7 million to dispose of fixed assets related to the development of new resort pools and a room renovation at Gaylord Palms.

Consolidated revenue for the fourth quarter of 2012 of $266.3 million was slightly favorable compared to the prior-year quarter consolidated revenue of $265.5 million, as adjusted to reflect the elimination of $3.9 million in retail revenues from the prior-year period from functions that were outsourced in 2012, or a 1.1 percent decrease from prior-year quarter consolidated revenue of $269.4 million without such adjustment.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.26 per share on revenues of $282.01 million for the quarter. Analysts' estimates typically exclude special items.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Flying is the passion for British aviatrix Tracey Curtis Taylor, and she is now on a solo flight to cross three continents and 23 countries in her own vintage open cockpit biplane. She has already crossed half of her journey from U.K. to Australia with a target to cover 13 thousand miles. Sony Computer Entertainment Inc. Wednesday revealed that its popular PlayStation4 computer entertainment system has achieved total sales of more than 30.2 million units worldwide in a period of two years. The PS4 system is currently available in 124 countries. Cement giant LafargeHolcim (HCMLY.PK, HCMLF.PK), formed by the combination of French Lafarge and Swiss peer Holcim, Wednesday said its sales declined for the third quarter as well as nine months.
comments powered by Disqus
Follow RTT