NASDAQ$GDEN

Golden Entertainment Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported fourth quarter revenue of $282.0 million and net income of $19.1 million.

Golden Entertainment reported strong fourth quarter results, concluding a record year with total annual revenue exceeding $1 billion for the first time. The company's diverse operations drove improved performance, with Adjusted EBITDA growing significantly compared to 2019. Focus for 2022 is on maximizing operating performance and cash flow to refinance debt and return capital to shareholders.

  • Fourth quarter revenue reached $282.0 million, with a net income of $19.1 million and Adjusted EBITDA of $67.8 million.
  • Annual revenue hit a record $1.1 billion, alongside a record net income of $161.8 million and a record Adjusted EBITDA of $291.7 million.
  • Financial performance for all operating segments in both the quarter and the full year surpassed the prior year's results.
  • The company repaid $25.0 million of term loan borrowings and repurchased $10.6 million of common stock during the quarter.

Headline financials

Total Revenue

$282M

Previous: $206M+37.1%
EPS (adj)

$0.59

Previous: -$0.66+189.4%
Adjusted EBITDA

$67.8M

Previous: $38.9M+74.3%
Capital Expenditures

$8.43M

Previous: $5.09M+65.6%
Free Cash Flow

$38M

Previous: $7.03M+441.4%
Net Income

$19.1M

Previous: -$18.5M+203.2%
Operating Income

$34.5M

Previous: -$1.11M+3195.7%
Gross Profit

$129M

Previous: $84.9M+51.5%
Cash & Equivalents

$221M

Previous: $104M+112.8%
Total Assets

$1.62B

Previous: $1.57B+2.8%
Stock-Based Comp

$5.64M

Previous: $2.11M+167.6%

Revenue & EPS history

Golden Entertainment · Revenue · Quarterly

$282M

Q4 2021+37.1%vs Q4 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Golden Entertainment · $62.7M total across 3 segments · Q1 2021

  • Food and Beverage
    $33.8M
  • Rooms
    $18.4M
  • Other
    $10.5M

Forward guidance

The company is focused on maximizing operating performance and cash flow which will position the Company to refinance its existing indebtedness and accelerate returning capital to shareholders.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+0.9%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+5.1%

Avg return

30 days after

56%

35 / 62 earnings

Positive

+20.6%

Q3 2012

Best reaction

-23.9%

Q4 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+0.5%-0.1%-10.0%
Q3 2025+2.5%+4.2%-1.9%
Q2 2025-5.8%-3.8%-7.3%
Q1 2025+5.3%+14.8%+4.4%
Q4 2024+0.8%-2.5%-14.0%
Q3 2024+4.6%+9.9%+8.7%
Q2 2024+3.6%+7.3%+15.8%
Q1 2024+5.3%+2.3%-3.2%
Q4 2023-6.4%-11.6%+0.6%
Q3 2023+20.5%+22.0%+19.8%
Q2 2023-1.3%-2.0%-16.2%
Q1 2023-5.9%-4.4%+15.3%
Q4 2022-0.7%+5.3%+5.8%
Q3 2022-3.2%-0.7%+1.3%
Q2 2022-10.1%-9.2%-19.1%
Q1 2022-3.8%-8.6%+1.6%
Q4 2021-11.4%-12.1%+0.5%
Q3 2021-3.1%-0.6%-13.9%
Q2 2021+15.8%+10.9%+6.2%
Q1 2021+15.6%+18.6%+26.4%
Q4 2020+13.7%+17.8%+13.0%
Q3 2020+3.3%+1.5%+15.7%
Q2 2020+11.6%+16.6%+37.7%
Q1 2020+19.8%+8.9%+89.1%
Q4 2019-9.7%-41.4%-28.1%
Q3 2019+4.8%+8.7%+18.5%
Q2 2019-2.1%+4.3%+2.8%
Q1 2019+2.2%-2.5%-5.2%
Q4 2018-23.9%-12.8%-4.4%
Q3 2018-16.5%-17.2%+1.3%
Q2 2018-10.1%-9.2%-15.3%
Q1 2018+5.1%+4.5%+9.4%
Q4 2017-1.0%-11.1%-19.5%
Q3 2017+10.9%+10.8%+19.1%
Q2 2017+1.6%+2.0%+11.7%
Q1 2017+7.8%+18.9%+13.7%
Q4 2016+12.3%+18.6%+13.7%
Q3 2016-7.6%-9.7%+8.0%
Q2 2016+2.0%+0.4%-2.5%
Q1 2016+0.0%
Q4 2015+0.7%
Q3 2015-1.0%
Q2 2015+0.5%
Q1 2015+0.5%
Q4 2014+0.3%
Q3 2014+1.9%
Q2 2014+0.2%
Q1 2014+1.2%
Q4 2013-3.2%
Q3 2013+1.7%
Q2 2013-4.4%
Q1 2013-4.1%
Q4 2012-2.0%
Q3 2012+20.6%
Q2 2012-2.6%
Q1 2012-1.6%
Q3 2011+2.9%
Q2 2011+2.8%
Q4 2011+2.8%
Q1 2011+5.7%
Q1 2010-6.9%
Q4 2009-8.7%

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