An updated edition of the March 28, 2025, article.When most people think of investing, they picture portfolios filled with blue-chip companies, tech innovators and green energy ventures. But beneath the surface of the mainstream market lies a less conventional corner known as the “sin stocks” market. This niche area is built on companies involved in activities considered unethical or immoral by some societal standards, yet often deliver consistent returns.Sin stocks refer to shares of companies involved in ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________________________________________________ FORM 10-Q ____________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-12882 ...

Core Insights - Chinese automakers, particularly BYD, have rapidly advanced in the electric vehicle (EV) market, surpassing foreign competitors like Tesla in revenue and profitability [1][4][10] Company Performance - BYD reported an annual revenue of $107 billion, exceeding Tesla's $98 billion [4] - The company's net profit increased by 100% year-over-year to approximately $1.3 billion, while Tesla's profit dropped by roughly 70% to $409 million [4] Technological Advancements - BYD has made advanced driver-assist systems standard across its vehicle lineup and introduced a new charging system that provides 250 miles of charge in just five minutes [5] - The company's 1,000 kW chargers are four times more powerful than Tesla's, which can add about 200 miles of range in 15 minutes [5] International Expansion - BYD plans to sell over 800,000 vehicles outside of China this year, more than double the previous year's sales [6] - The company is constructing factories in Brazil, Thailand, Hungary, and Turkey, and is customizing products for specific markets [7] Competitive Advantages - BYD benefits from vertical integration, producing a significant percentage of its components in-house, including a lithium iron phosphate battery that enhances safety and efficiency [8] - The company's durable competitive advantages align with Warren Buffett's investment philosophy [8] Future Outlook - BYD is well-positioned for continued growth, with strong performance metrics and potential for entry into the U.S. market as conditions become favorable [9][10]

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 ...

David Strow Good afternoon, and welcome to the Boyd Gaming First Quarter 2025 Earnings Conference Call. My name is David Strow, Vice President of Corporate Communications for Boyd Gaming. I will be the moderator for today's call, which we are hosting on Thursday, April 24, 2025. At this time, all lines are in listen-only mode. Following our remarks, we will conduct a question-and-answer session. [Operator Instructions]. Our speakers for today's call are Keith Smith, President and Chief Executive Officer; an ...

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]