Century Casinos (CNTY) Reports In-Line Q1 EPS, Revenues Beat

Century Casinos (NASDAQ: CNTY) reported Q1 EPS of $0.04, in-line with the analyst estimate of $0.04. Revenue for the quarter came in at $45.61 million versus the consensus estimate of $43.85 million.

• Net operating revenue was $45.6 million, an increase of 12% from the three months ended March 31, 2018.
• Earnings from operations were $3.4 million, an increase of 6% from the three months ended March 31, 2018.
• Net earnings attributable to Century Casinos, Inc. shareholders were $1.1 million, an increase of 15% from the three months ended March 31, 2018.
• Adjusted EBITDA** was $6.7 million, an increase of 2% from the three months ended March 31, 2018.
• Basic and diluted earnings per share were $0.04, an increase of 33% from the three months ended March 31, 2018.
• Book value per share*** at March 31, 2019 was $6.08.

"We are pleased with the 12% net operating revenue growth this quarter, with all reportable segments contributing to the increased results. Adjusted EBITDA growth was impacted by $0.7 million of additional non-recurring expenses related to the opening of our newest property, Century Mile Racetrack and Casino," Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos remarked. "Century Mile began operating the northern-Alberta pari-mutuel network at the beginning of the year contributing to the $1.6 million revenue growth in the Canada reportable segment," they continued. "We had a successful grand opening at Century Mile in April and are excited for the success this property has had in its first month of operation," Haitzmann and Hoetzinger concluded.

For earnings history and earnings-related data on Century Casinos (CNTY) click here.

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