Boyd Gaming has reported revenues of US$991.6m, for the quarter ending March 31, up from $960.5m year-on-year.
The company reported net income of $111.4m, or $1.31 per share, for the quarter, compared to $136.5m, or $1.40 per share, year-on-year.
Total Adjusted EBITDAR was $337.5m in the quarter, increasing from $330.5m in Q1 2024. Adjusted Earnings were $137.7m, or $1.62 per share, compared to $147.3m, or $1.51 per share.
"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 of severe weather this year across our Midwest & South segment, as well as difficult comparisons to Leap Year,” said Keith Smith, president and CEO of Boyd Gaming.
‘While economic uncertainty has increased in recent weeks, we are encouraged that trends in our business have remained consistent over the first three weeks of April.
“In all, we are pleased with the overall performance of our business and remain confident in our ability to manage through the current environment, supported by our strong balance sheet and experienced management team."
