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

Editors Pick
Major League Baseball is talking expansion for the first time in a few decades. Owners stand to make a pretty penny from expansion fees and subsequent television rights. The possibility of a more balanced schedule is also enticing. Strong expansion candidates in the U.S. and Canada are ready... The New York Times is teaming up with Google again to give away Google Cardboard, the virtual reality headsets, but this time only to its "most loyal" digital subscribers. The company said that the digital-only subscribers selected for this distribution were chosen based on the duration of their subscriptions. Oil company Exxon Mobil Corp. on Friday reported a 63 percent fall in profit for the first quarter from last year, while Chevron Corp. reported a loss for the quarter, both on lower revenues. The results were impacted by the fall in crude oil prices and weaker refining margins. However, Exxon Mobil's earnings beat analysts' estimates, while Chevron's loss was wider than their expectations.
comments powered by Disqus
Follow RTT