NYSE$AMC

AMC Entertainment Holdings Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Announced fourth quarter and full year 2019 results.

AMC Entertainment Holdings, Inc. reported strong fourth-quarter results, with revenue up 2.4% and Adjusted EBITDA up 11.6% year-over-year, despite a decline in the U.S. industry box office. The company generated approximately $303.1 million of adjusted free cash flow.

  • Total revenues of $1.448 billion, up 2.4% from last year (up 3.2% in constant currency)
  • Net Loss of $13.5 million
  • Adjusted Net Income for basic earnings per share of $38.9 million, up 105.8% compared to last year
  • Adjusted Free Cash Flow of $303.1 million, up $185.7 million from last year after adjusting 2018 for cash flow classification impact of ASC 842

Headline financials

Total Revenue

$1.45B

Previous: $1.41B+2.5%
EPS (adj)

$3.50

Previous: $5.30-34.0%
Free Cash Flow

$199M

No prior period
Net Income

-$13.5M

Previous: $171M-107.9%
Operating Income

$43.4M

Previous: $87.3M-50.3%
Gross Profit

$940M

Previous: $911M+3.2%
Cash & Equivalents

$265M

Previous: $313M-15.4%
Total Assets

$13.7B

Previous: $9.5B+44.0%
Stock-Based Comp

-$7.1M

Previous: $4M-277.5%

Revenue & EPS history

AMC · Revenue · Quarterly

$1.45B

Q4 2019+2.5%vs Q4 2018
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

AMC · $1.32B total across 2 segments · Q4 2019

  • Admissions
    $877M
  • Food & Beverage
    $438M

Forward guidance

This press release includes forward-looking statements that are subject to risks, trends, uncertainties and other facts that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements.

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 2019

Historical avgQ4 2019

-0.9%

Avg return

Earnings day

+2.6%

Avg return

5 days after

+11.8%

Avg return

30 days after

33%

13 / 39 earnings

Positive

+31.1%

Q4 2019

Best reaction

-14.8%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+10.4%+4.2%+35.4%
Q4 2025-1.7%-3.3%-17.5%
Q3 2025+3.2%-2.8%-9.2%
Q1 2025-0.4%+1.1%+25.5%
Q4 2024-0.3%-6.7%-11.9%
Q3 2024-1.8%+2.3%+7.7%
Q2 2024-3.9%-5.9%-5.9%
Q1 2024-4.1%+62.7%+53.9%
Q4 2023-9.8%-10.2%-22.7%
Q3 2023-14.8%-22.7%-32.2%
Q2 2023-2.3%+2.7%-84.1%
Q1 2023+0.6%-7.3%-23.1%
Q4 2022-8.8%-13.5%-34.7%
Q3 2022-13.9%+35.1%+13.9%
Q2 2022+2.5%+23.3%-51.2%
Q1 2022-9.0%-14.2%-1.7%
Q4 2021-2.9%-12.1%+30.6%
Q3 2021+8.1%-4.1%-22.4%
Q2 2021+3.4%+2.4%+45.0%
Q1 2021-1.9%+9.6%+422.5%
Q4 2020-6.2%+33.7%-10.3%
Q3 2020-8.9%+5.5%+83.1%
Q2 2020-0.2%+9.9%+69.2%
Q1 2020-7.1%-8.7%-29.1%
Q4 2019+31.1%+30.3%+85.2%
Q3 2019-4.6%-4.2%-16.9%
Q2 2019+5.8%+2.8%+1.5%
Q1 2019-7.0%-7.8%-26.6%
Q4 2018+1.2%+12.6%+7.1%
Q3 2018-1.4%-15.5%-22.4%
Q2 2018-1.5%+6.1%+16.9%
Q1 2018+5.5%+0.0%-9.8%
Q4 2017-1.7%+6.3%-6.3%
Q3 2017+2.5%-7.6%+19.7%
Q2 2017+7.6%+2.6%-6.3%
Q1 2017-1.0%-7.6%-18.4%
Q4 2016-0.3%-6.5%-1.0%
Q3 2016+2.6%+10.2%+4.3%
Q2 2016-3.3%-1.3%+3.4%
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2013
Q2 2014
Q4 2012
Q1 2013
Q1 2014
Q4 2013
Q3 2013
Q3 2012

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