| International Speedway
Earnings Call |
|
International Speedway Earnings Call, Second Quarter 2008
16th July 2008 00:00 AM |
|
| Supported by strong assets and financial footing, the firm remains well positioned to successfully execute on long-term strategic initiatives. |
|
| The motor sports company reported total revenue decline of 4% to $174.9 million, from $181.0 million in 2007 on lower attendance. However, ongoing prudent management of controllable expenses resulted in income rising 41% to $26 million, or 52 cents a share, from $18.4 million, or 35 cents a share in 2007. The firm had a successful turnaround of equity investment in Motorsports Authentics and an aggressive return of capital through share repurchases. |
|
|
Full Story... |
International Speedway First Quarter Earnings Call
14th April 2008 00:00 AM |
|
| Net income was $36.2 million or 71 cents per share compared to $35.8 million or 67 cents per share in the prior year. |
|
| Despite a challenging economic backdrop, the leading motorsports company reported near record revenue of $193.9 million for the quarter, driven by higher merchandise, sponsorship, television and ancillary media revenues. During Q1, International Speedway announced a 10 year multi million dollar sponsorship with Auto Club of Southern California to rename California Speedway as Auto Club Speedway of Southern California. For fiscal 2008, the firm projects EPS of $3.05 to $3.15. |
|
|
Full Story... |
International Speedway Fourth Quarter Earnings Call
20th February 2008 00:00 AM |
|
| Quarter net income increased to $22.5 million, or 43 cents per diluted share from $7.8 million or 15 cents per diluted share a year ago. |
|
| The race track operator reported full year revenues of $816.6 million compared with $798.4 million in the previous year helped by the successful acquisition of the balance 62.5% stake in Raceway Associates, owner and operator of Chicago and Route 66 Raceways. Quarterly revenue remained unchanged at $253.5 million, with admissions revenue up to $78.2 million from $73.5 million, and motorsports-related sales down to $143.7 million from $149.3 million a year ago. |
|
|
Full Story... |
International Speedway Third Quarter Earnings Call
8th October 2007 00:00 AM |
|
| Net income fell 72% to $9.5 million, or 18 cents a share, from $34.3 million, or 64 cents a share in 2006, due to inventory writedowns. |
|
| The promoter of motor sporting events reported 9% increase in revenues from $178.9 million in the prior year to $196.3 million, following consolidation of results from events at Chicagoland Speedway and Route 66 Raceway and higher combined corporate partner spending for sponsorship, hospitality and advertising. Despite the revenue growth, the firm took a conservative outlook reviewing full year revenues to $815 million due to lower than anticipated attendance. |
|
|
Full Story... |
International Speedway First Quarter Earnings Call
4th April 2007 00:00 AM |
|
| Net income fell to $35.8 million or 67 cents a share compared to $44.1 million or 83 cents a share in the prior year quarter. |
|
| The racetrack operator reported that its revenue of $185.2 million slid by 5% over the year ago quarter, on flat admission revenue and 12% fall in food and beverage sales. In February, the firm closed on the acquisition of the remaining interest in Raceway Associates and this acquisition further executes on the firm’s strategy of external expansion to help drive future growth. For fiscal 2007, the firm expects EPS of $3.10 to $3.20, on revenue of $800 million to $820 million. |
|
|
Full Story... |
|
|
