NYSE$BYD

Boyd Gaming · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Boyd Gaming's Q1 2020 results were significantly impacted by the closure of all properties in March due to COVID-19, but the company took broad-based actions to reduce expenses and preserve liquidity.

Boyd Gaming reported a net loss of $18.3 million for the first quarter of 2020, with revenues decreasing to $680.5 million. The company's results were severely impacted by the closure of all properties in mid-March due to the COVID-19 pandemic, but they have taken actions to reduce expenses and preserve liquidity.

  • All 29 properties were closed nationwide from March 12-18 due to state and local orders.
  • As of April 28, 2020, all Boyd Gaming properties remain closed to the public.
  • The company suspended both quarterly dividend payments and share repurchases in March to preserve liquidity.
  • First quarter began with strong performance, posting two consecutive months of solid year-over-year growth across nationwide operations before closures.

Headline financials

Total Revenue

$681M

Previous: $827M-17.7%
EPS (adj)

-$0.02

Previous: $0.43-104.7%
Adjusted EBITDAR

$144M

Previous: $223M-35.2%
Capital Expenditures

-$48M

Previous: -$89.3M+46.2%
Free Cash Flow

-$196M

Previous: -$43.9M-345.9%
Net Income

-$148M

Previous: $45.5M-424.7%
Operating Income

-$138M

Previous: $118M-217.1%
Gross Profit

$308M

Previous: $827M-62.8%
Cash & Equivalents

$831M

Previous: $248M+235.6%
Total Assets

$7.02B

Previous: $6.72B+4.5%
Stock-Based Comp

$8.19M

Previous: $9.71M-15.6%

Revenue & EPS history

Boyd Gaming · Revenue · Quarterly

$681M

Q1 2020-17.7%vs Q1 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Boyd Gaming · $681M total across 3 segments · Q1 2020

  • Midwest & South
    $446M-17.7%
  • Las Vegas Locals
    $181M-18.9%
  • Downtown Las Vegas
    $54.1M-14.1%

Forward guidance

Boyd Gaming has withdrawn all previously provided financial guidance, including full-year 2020 Adjusted EBITDAR guidance, due to the continued impact of the COVID-19 pandemic on the Company’s operations.

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 Q1 2020

Historical avgQ1 2020

-1.0%

Avg return

Earnings day

-0.9%

Avg return

5 days after

-0.2%

Avg return

30 days after

45%

30 / 67 earnings

Positive

+28.4%

Q1 2013

Best reaction

-20.5%

Q3 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-6.0%-3.2%-11.0%
Q4 2025-0.5%-0.3%-4.2%
Q3 2025-7.2%-9.6%-5.0%
Q2 2025-1.5%-0.5%+0.9%
Q1 2025+4.3%+4.7%+10.6%
Q4 2024-1.7%-2.0%-12.2%
Q3 2024+8.4%+11.9%+13.0%
Q2 2024+5.7%+5.6%+3.9%
Q1 2024-16.4%-15.9%-18.6%
Q4 2023+4.3%+1.4%-1.3%
Q3 2023-10.8%-9.7%-1.9%
Q2 2023-6.4%-5.6%-9.6%
Q1 2023-0.2%+3.0%-3.5%
Q4 2022+6.6%+6.6%+5.6%
Q3 2022+4.1%+7.2%+11.1%
Q2 2022+0.8%+0.6%+3.7%
Q1 2022-6.3%-5.6%-7.3%
Q4 2021+5.3%+8.7%+11.4%
Q3 2021+1.3%-3.9%-6.7%
Q2 2021+1.6%-1.0%+5.9%
Q1 2021+1.7%-1.7%-2.8%
Q4 2020-2.5%-2.2%+12.6%
Q3 2020-6.8%-8.6%+13.5%
Q2 2020+13.5%+9.4%+24.3%
Q1 2020+6.9%-1.3%+32.6%
Q4 2019-0.5%-13.5%-66.0%
Q3 2019+3.5%+4.2%+16.0%
Q2 2019-1.4%-2.9%-10.3%
Q1 2019-1.3%-7.0%-16.3%
Q4 2018+9.2%+9.6%-3.7%
Q3 2018-6.0%-9.4%-16.6%
Q2 2018-6.2%-1.0%-2.2%
Q1 2018-1.9%+0.9%+10.1%
Q4 2017-6.2%-5.5%-13.8%
Q3 2017+5.1%+5.5%+9.7%
Q2 2017-3.9%-3.2%+0.9%
Q1 2017+6.5%+6.8%+13.0%
Q4 2016+2.1%-2.6%-3.3%
Q3 2016-4.8%-3.1%+4.7%
Q2 2016-3.5%-1.2%+3.1%
Q1 2016-2.9%
Q4 2015+7.9%
Q3 2015+7.2%
Q2 2015+0.7%
Q1 2015+3.0%
Q4 2014+2.7%
Q3 2014+8.3%
Q2 2014-13.5%
Q1 2014-3.4%
Q4 2013+5.4%
Q3 2013-20.5%
Q2 2013+22.6%
Q1 2013+28.4%
Q4 2012+7.7%
Q3 2012-10.5%
Q2 2012-20.4%
Q1 2011-4.4%
Q1 2012-3.9%
Q4 2011+5.3%
Q3 2011-9.3%
Q3 2010-9.3%
Q4 2008-7.7%
Q4 2009-7.7%
Q2 2010-13.4%
Q2 2011-13.4%
Q4 2010-13.4%
Q1 2010+0.7%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro