NYSE$RHP

Ryman Hospitality Properties Inc. · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reported financial results for the first quarter of 2023, marked by record performances in both Hospitality and Entertainment segments.

Ryman Hospitality Properties reported a strong start to 2023, with both Hospitality and Entertainment segments achieving record results. The company's core group customers returned to pre-pandemic travel levels, and the resorts remained popular leisure destinations, contributing to strong rate growth. Demand for live entertainment exceeded internal expectations, leading to record first quarter revenue, operating income, and Adjusted EBITDAre for OEG. Based on this strong performance, the company raised its full-year 2023 guidance and increased the quarterly dividend.

  • Hospitality and Entertainment segments both achieved record results.
  • Core group customers returned to pre-pandemic travel levels.
  • Resorts remained popular leisure destinations, contributing to strong rate growth.
  • Company raised full-year 2023 guidance and increased the quarterly dividend.

Headline financials

Total Revenue

$492M

Previous: $299M+64.4%
EPS (adj)

$1.89

Previous: $0.63+200.0%
Capital Expenditures

-$36.8M

Previous: -$9.72M-278.5%
Free Cash Flow

$24.2M

Previous: -$34.5M+170.2%
Net Income

$61M

Previous: -$24.8M+346.0%
Operating Income

$106M

Previous: $7.87M+1241.8%
Gross Profit

$216M

Previous: $106M+104.1%
Cash & Equivalents

$319M

Previous: $128M+148.1%
Total Assets

$4.64B

Previous: $3.54B+31.1%
Stock-Based Comp

$3.74M

Previous: $3.79M-1.2%

Revenue & EPS history

Ryman · Revenue · Quarterly

$492M

Q1 2023+64.4%vs Q1 2022
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Ryman · $523M total across 2 segments · Q1 2023

  • Hospitality
    $402M
  • Entertainment
    $121M

Forward guidance

The Company is updating its 2023 business performance outlook based on current information as of May 3, 2023.

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 2023

Historical avgQ1 2023

+0.3%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+3.1%

Avg return

30 days after

55%

35 / 64 earnings

Positive

+7.8%

Q1 2020

Best reaction

-12.4%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.1%+5.6%+9.5%
Q4 2025-0.7%-4.2%-9.7%
Q3 2025+1.4%+5.7%+3.6%
Q1 2025+6.0%+7.3%+10.2%
Q4 2024-5.0%-6.6%-8.8%
Q3 2024+0.7%+4.6%+9.9%
Q2 2024+0.4%-6.5%+1.0%
Q1 2024-0.6%-0.2%-0.4%
Q4 2023+0.2%-0.9%-3.3%
Q3 2023+2.1%+2.6%+8.9%
Q2 2023-5.3%-4.7%-8.2%
Q1 2023+1.9%+3.7%+8.3%
Q4 2022+3.9%+4.6%-9.5%
Q3 2022-0.0%-4.7%+3.0%
Q2 2022-1.6%-2.7%-7.1%
Q1 2022-0.2%-1.5%+1.6%
Q4 2021+3.4%-1.2%+4.1%
Q3 2021+4.5%+11.3%-13.0%
Q2 2021-2.0%+3.6%+9.1%
Q1 2021-3.3%+0.4%-1.8%
Q4 2020+7.1%+6.3%+4.4%
Q3 2020+1.8%+2.2%+61.0%
Q2 2020+7.5%+16.2%+27.7%
Q1 2020+7.8%-8.1%+45.9%
Q4 2019-11.8%-17.1%-58.2%
Q3 2019+4.3%+4.2%+2.9%
Q2 2019+4.5%+9.7%+12.8%
Q1 2019+2.4%+3.8%-3.9%
Q4 2018-3.8%-1.9%-0.5%
Q3 2018-0.0%-0.6%-1.1%
Q2 2018-0.7%+0.3%+4.5%
Q1 2018+0.2%+1.5%+7.0%
Q4 2017+3.7%+0.3%+6.9%
Q3 2017+0.5%-0.2%+3.7%
Q2 2017-5.3%-5.9%-5.1%
Q1 2017-0.9%+0.4%+1.5%
Q4 2016-2.9%-5.3%-8.3%
Q3 2016+3.0%+1.9%+17.1%
Q2 2016-1.8%-2.2%-6.1%
Q1 2016+0.1%
Q4 2015-1.9%
Q3 2015+3.0%
Q2 2015-8.4%
Q1 2015-1.0%
Q4 2014+5.7%
Q3 2014-0.4%
Q2 2014-2.0%
Q1 2014+1.7%
Q4 2013+0.0%
Q4 2010+0.0%
Q3 2013+7.7%
Q2 2013-4.1%
Q1 2013+0.2%
Q4 2012+2.9%
Q3 2012-2.4%
Q2 2012+4.9%
Q1 2012-0.4%
Q4 2011+2.4%
Q3 2010+4.0%
Q3 2011+4.0%
Q2 2011-12.4%
Q1 2010-1.2%
Q1 2011-1.2%
Q2 2010-1.2%

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