logo
Share SHARE
FONT-SIZE Plus   Neg

Six Flags Entertainment Q2 Profit Dips - Quick Facts

Six Flags Entertainment Corp.'s (SIX) second-quarter net income applicable to common stockholders fell to $47.36 million, or $0.47 a share, from the prior year's $72.27 million, or $0.64 a share. However, cash earnings per share amounted to $0.97 this quarter, an increase from last year's $0.89.

Total revenue for the period slipped year-over-year to $363.7 million, from $374.91 million.

Second-quarter adjusted EBITDA of $138.3 million grew $1 million over last year's performance after adjusting for the sale of dcp, despite an Easter-related attendance shift into the first quarter 2013 and adverse weather in the East and Midwest. The company said the growth in profitability was a direct result of its pricing strategy and its ability to effectively manage costs.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
German automaker Daimler AG reported Wednesday a slight increase in second-quarter net profit, while EBIT, a key earnings metric, climbed on higher unit sales. Looking ahead, the company said it projects significant growth in Group EBIT, revenues and unit sales in the year 2017. Toyota is working on developing an electric car with a fast charging battery, the Chunichi Shimbun reported on Tuesday. Travelers leaving Comic-Con International in San Diego last weekend were in for a rude shock after United Airlines said that comic books were banned in their checked luggage. United Airlines claimed it was a Transportation Security Administration or TSA-mandated rule for all airlines operating out of San Diego over this weekend.
comments powered by Disqus
Follow RTT