NYSE$BYD

Boyd Gaming · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Boyd Gaming reported a strong second quarter, with Adjusted EBITDAR second only to last year's record results, driven by a focus on core customers and sustained efficiencies.

Boyd Gaming's second-quarter 2022 revenues increased slightly to $894.5 million. Net income was reported at $146.8 million, or $1.33 per share. Adjusted EBITDAR was $353.9 million, and adjusted earnings were $163.5 million, or $1.48 per share.

  • Quarterly Adjusted EBITDAR was second only to last year's record results.
  • Operating trends remain strong, with play from core customer segments growing year-over-year and sequentially from the first quarter of 2022.
  • Company-wide operating margins improved from the first quarter despite inflationary pressures.
  • The company is progressing towards completing its acquisition of Pala Interactive and plans to open Sky River Casino in early September 2022.

Headline financials

Total Revenue

$894M

Previous: $894M+0.1%
EPS (adj)

$1.48

Previous: $1.54-3.9%
Adjusted EBITDAR

$354M

Previous: $385M-8.2%
Capital Expenditures

-$98.7M

Previous: -$96.3M-2.4%
Free Cash Flow

$48.1M

Previous: $17.4M+176.4%
Net Income

$147M

Previous: $114M+29.0%
Operating Income

$245M

Previous: $266M-8.0%
Gross Profit

$505M

Previous: $529M-4.6%
Cash & Equivalents

$250M

Previous: $335M-25.2%
Total Assets

$6.05B

Previous: $6.29B-3.8%
Stock-Based Comp

$14.1M

Previous: $12.8M+10.0%

Revenue & EPS history

Boyd Gaming · Revenue · Quarterly

$894M

Q2 2022+0.1%vs Q2 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The company anticipates closing on the acquisition of Pala Interactive around year-end and plans to open Sky River Casino near Sacramento, California in early September 2022.

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 Q2 2022

Historical avgQ2 2022

-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%

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