Boyd Gaming (BYD) Q1 2025 Earnings Call April 25, 2025 12:58 PM ET Company Participants David Strow - Vice President of Corporate CommunicationsKeith Smith - President and CEOJosh Hirsberg - Executive VP, CFO & TreasurerDavid Katz - Managing DirectorSteve Wieczynski - Managing DirectorMax Marsh - Equity Research AssociateBarry Jonas - Managing Director Conference Call Participants Carlo Santarelli - AnalystShaun Kelley - Senior Research Analyst & MD - Gaming, Lodging & Leisure EquitiesJordan Bender - Senior ...

Boyd Gaming (BYD) reported $991.57 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 3.2%. EPS of $1.62 for the same period compares to $1.51 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $970.21 million, representing a surprise of +2.20%. The company delivered an EPS surprise of +6.58%, with the consensus EPS estimate being $1.52.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Exhibit 99.1 BOYD GAMING REPORTS FIRST-QUARTER 2025 RESULTS LAS VEGAS - APRIL 24, 2025 - Boyd Gaming Corporation (NYSE: BYD) today reported financial results for the first quarter ended March 31, 2025. Keith Smith, President and Chief Executive Officer of Boyd Gaming, said: "During the first quarter, we achieved revenue and Adjusted EBITDAR growth on both a Companywide and property-level basis, maintaining property operating margins of 40% – an impressive performance by our Company, considering the impact o ...

Boyd Gaming (BYD) shares soared 11.1% in the last trading session to close at $67.55. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 9% loss over the past four weeks.Following President Trump's announcement to suspend U.S. tariffs across most countries for 90 days, the company’s shares soared, reflecting renewed investor optimism.This casino operator is expected to post quarterly earnings of $1.54 per share in its upcoming repor ...

LAS VEGAS, April 1, 2025 /PRNewswire/ -- Boyd Gaming Corporation (NYSE: BYD) announced that the conference call to review the Company's first-quarter 2025 results will take place on Thursday, April 24, 2025, at 5:00 p.m. Eastern. The conference call number is (800) 836-8184. No passcode is required to join the call. Please call up to 15 minutes in advance to ensure you are connected prior to the start of the call. The Company will report its results on the same day shortly after 4:00 p.m. Eastern. The confe ...

Casino Development and Management - The Company has entered into agreements to develop and manage the Norfolk Casino, with expected expenditures of approximately $750 million[571] - The Norfolk Casino is anticipated to open a transitional facility in November 2025 and a full casino hotel resort by late 2027[571] - The Company entered into agreements for the Norfolk Casino development, which includes receiving an exclusive option to purchase membership interests and becoming the developer and manager of the project[506] Financial Performance - Total revenues for 2024 reached $3,930,194, an increase of 5.1% compared to $3,738,492 in 2023[335] - Gaming revenue decreased to $2,583,926 in 2024 from $2,613,288 in 2023, a decline of 1.3%[335] - Online revenue significantly increased to $606,233, up 43.6% from $422,211 in 2023[335] - Net income for 2024 was $577,952, a decrease of 6.8% from $620,023 in 2023[337] - Basic net income per share increased to $6.19 in 2024 from $6.12 in 2023[335] - Comprehensive income for 2024 was $576,648, down from $620,307 in 2023[337] Assets and Liabilities - Total assets grew to $6,391,815 in 2024, up from $6,273,126 in 2023, reflecting a 1.9% increase[333] - Long-term debt increased to $3,132,584 in 2024 from $2,871,223 in 2023, representing a rise of 9.1%[333] - Total long-term debt as of December 31, 2024, was $3,200.3 million, with a carrying value of $3,176.6 million[318] - The carrying value of goodwill and gaming license rights indefinite-lived intangible assets was $957.9 million and $1,105.1 million, respectively, as of December 31, 2024[327] Cash Flow and Investments - Cash flows from operating activities increased to $957,075 in 2024, compared to $914,516 in 2023, reflecting a growth of 4.6%[341] - Net cash used in investing activities was $433,912 in 2024, compared to $264,330 in 2023, representing a significant increase of 64.2%[343] - Net cash used in financing activities decreased to $509,501 in 2024 from $637,248 in 2023, a reduction of 20.0%[343] Debt and Interest Rates - A 100-basis-point change in interest rates would result in an annual interest cost change of approximately $13.0 million[318] - The average interest rate for fixed-rate long-term debt is 4.8%, while the average interest rate for variable-rate long-term debt is 6.2%[317] - The Company reported total long-term debt of $3.176590 billion as of December 31, 2024, with a credit facility interest rate of 6.169%[449] Impairments and Goodwill - The Company recorded an impairment of $10.5 million for a gaming license right indefinite-lived intangible asset in the Midwest & South segment for the year ended December 31, 2024[327] - An impairment charge of $10.5 million was recorded in Q1 2024 for a gaming license right related to the Midwest & South segment, following a $21.3 million impairment charge in 2023 for the same segment[441] - The Online segment experienced goodwill impairment charges of $82.0 million in 2023, contributing to a total of $86.5 million across all segments[445] Acquisitions and Expansions - Boyd Interactive Gaming, Inc. completed the acquisition of Resorts Digital for a total cash consideration of $34.0 million, net cash paid for acquisitions was $30.3 million[411][413] - Boyd Interactive Inc. also acquired Pala Interactive for a total cash consideration of $175.2 million, net cash paid for acquisitions was $167.9 million[421] - The acquisition includes a 20-year marketing agreement with a 10-year renewal option, enhancing Boyd's online casino business in New Jersey[412] Taxation and Deferred Tax Assets - The total provision for income taxes for the year ended December 31, 2024, was $174.1 million, compared to $132.9 million in 2023[482] - The effective tax rate for the year ended December 31, 2024, was 23.1%, up from 17.6% in 2023[482] - The gross deferred income tax assets amounted to $246.6 million in 2024, a decrease from $260.0 million in 2023[478] Marketing and Customer Engagement - The company established a player loyalty point program to encourage repeat business, allowing members to earn points based on gaming activity[385] - The estimated retail value of complimentary goods and services provided to customers, which reduces gaming revenues, was $119.2 million for food & beverage, $62.5 million for rooms, and $8.6 million for other services in 2024[389] - The company has established marketing agreements that provide significant after-tax savings on projected marketing expenses, enhancing brand visibility and customer engagement[436]

LAS VEGAS, Feb. 20, 2025 /PRNewswire/ -- Boyd Gaming Corporation (NYSE: BYD) announced that its Board of Directors has increased the Company's quarterly dividend to $0.18 per share, up from the prior quarterly dividend of $0.17 per share. The dividend is payable April 15, 2025, to shareholders of record at the close of business on March 17, 2025.About Boyd GamingCelebrating its 50th anniversary in 2025, Boyd Gaming Corporation (NYSE: BYD) is a leading geographically diversified operator of 28 gaming enterta ...

Boyd Gaming Corporation (NYSE:BYD) Q4 2024 Earnings Conference Call February 6, 2025 5:00 PM ET Company Participants David Strow – Vice President-Corporate Communications Keith Smith – President and Chief Executive Officer Josh Hirsberg – Executive Vice President and Chief Financial Officer Conference Call Participants Steve Wieczynski – Stifel Barry Jonas – Truist Securities Carlo Santarelli – Deutsche Bank Jordan Bender – Citizens JMP David Katz – Jefferies Brandt Montour – Barclays Dan Politzer – Wells F ...

Boyd Gaming (BYD) reported $1.04 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 9.1%. EPS of $1.96 for the same period compares to $1.66 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1 billion, representing a surprise of +3.87%. The company delivered an EPS surprise of +10.11%, with the consensus EPS estimate being $1.78.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stree ...

Boyd Gaming (BYD) came out with quarterly earnings of $1.96 per share, beating the Zacks Consensus Estimate of $1.78 per share. This compares to earnings of $1.66 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.11%. A quarter ago, it was expected that this casino operator would post earnings of $1.41 per share when it actually produced earnings of $1.52, delivering a surprise of 7.80%.Over the last four quarters, the compan ...