Boyd Gaming Corp

BYD

Equity

ISIN US1033041013 / Valor 98283

New York Stock Exchange, Inc (2025-03-14)

USD 68.49+3.79%

Boyd Gaming Corp
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About company

Boyd Gaming Corporation, founded in 1975, is a prominent casino entertainment company with 28 gaming properties across ten states in the United States. In addition to its casino operations, the company also manages a tribal casino in northern California and holds a 5% equity ownership in FanDuel Group, a leading sports-betting operator. Known for its exceptional customer service and entertainment offerings, Boyd Gaming maintains a family-owned culture while being a key player in the gaming industry. The company's roots trace back to 1941 when founder Sam Boyd arrived in Las Vegas with limited resources and eventually built a successful gaming and entertainment empire through hard work and innovation.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Growth

Boyd Gaming Corp reported total revenues of $967.5 million for the second quarter of 2024, reflecting a slight increase compared to the $916.9 million recorded in the same quarter of the previous year. This growth was primarily driven by improvements in their gaming and online segments.

Net Income

For the second quarter of 2024, Boyd Gaming Corp achieved a net income of $139.8 million, which is a decrease from the $192.5 million reported in the second quarter of 2023. The decline in net income was influenced by higher operating costs and expenses during the period.

Earnings Per Share

Boyd Gaming Corp's diluted net income per common share for the second quarter of 2024 was $1.47, down from $1.89 in the same quarter of the previous year. The decrease in earnings per share is consistent with the reduction in net income for the quarter.

Operating Income

The company reported an operating income of $446.5 million for the second quarter of 2024, compared to $528.9 million in the second quarter of 2023. The decrease in operating income was due to increased expenses across various operational categories.

Dividends

Boyd Gaming Corp declared a dividend of $0.17 per share for the second quarter of 2024, maintaining the same dividend rate as the previous quarter. This reflects the company's commitment to returning value to its shareholders despite the challenges faced during the quarter.

Summarized from source with an LLMView Source

Key figures

10.8%1Y

9.41%3Y

347%5Y

Performance

29.5%1Y

31.8%3Y

52.4%5Y

Volatility