Six Flags Entertainment Corp.'s (SIX: Quote) 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
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