$ISCA (International Speedway Corp.)

$ISCA {{ '2016-07-05T13:36:45+0000' | timeago}} • Webcast

$ISCA said 2Q16 admissions revenue of $30.5MM declined YoverY by approx. $2.8MM, hurt by attendance declines for NASCAR events held during the quarter. NASCAR event management fees rose to $46.5MM, influenced by higher television broadcast rights fees for the NASCAR Sprint Cup, Xfinity and Camping World Truck series events, said the company.

$ISCA {{ '2017-07-03T14:07:34+0000' | timeago}} • Webcast

$ISCA said that regarding the consumer focused sales strategy, its operators are focused on enhancing the live event experience. Therefore, youth initiatives and building on content around the racing events are helping for attract customers.

$ISCA {{ '2017-07-03T13:21:47+0000' | timeago}} • Webcast

$ISCA's corporate sales remain strong, achieving 94% of its gross corporate sales growth for 2017. The company's  Hollywood Casino at Kansas Speedway JV, continues to be a good contributor to earnings and cash flow. Additionally, $ISCA expects cash distributions from this casino to be about $25-26MM in 2017.

$ISCA {{ '2017-07-03T12:04:00+0000' | timeago}} • Announcement

For FY17, $ISCA reiterated its guidance with revenue expected in the range of $660-670MM and adjusted diluted EPS of $1.50-1.65. EBITDA margin is expected to be in the range of 31.5-32.5% and operating margin in the range of 15.5-17%. Effective tax rate for FY17 is expected in the range of 38-38.5%.

$ISCA {{ '2017-07-03T11:58:28+0000' | timeago}} • Announcement

Motorsports and entertainment company $ISCA reported a plunge in 2Q17 earnings, impacted by higher expenses and lower operating revenue. Net income declined 39.6% to $13.22MM or $0.29 per share from $21.9MM or $0.47 per share a year earlier. Revenue for the quarter declined marginally by $1.36% to $165.27MM.

$ISCA {{ '2017-04-13T15:36:17+0000' | timeago}} • Announcement

$ISCA announced that Greg Motto has been named SVP, CFO and Treasurer. Also, at the annual meeting of ISC shareholders, the following members of its BoD were re-elected to a three-year term: James France (Chairman); Brian France; Larree Renda; and Larry Woodard.

$ISCA {{ '2017-04-13T15:33:13+0000' | timeago}} • Announcement

$ISCA declared an annual dividend of $0.43 per share, payable on June 30, 2017, to common stockholders as on May 31, 2017.  This dividend is an increase of approx 4.9% over the annual dividend paid in 2016 of $0.41 per share.

$ISCA {{ '2017-04-04T14:39:40+0000' | timeago}} • Webcast

$ISCA's corporate sales continues to be strong and from that standpoint the company expects its guidance to be relevant for the year. The company added that one should be looking at a little bit of a decline on its topline for admissions and strength in the motorsports related revenue.

$ISCA {{ '2017-04-04T14:27:59+0000' | timeago}} • Webcast

$ISCA said that on the younger demographics, the younger people are attending more the NASCAR races. Additionally, one gets a slightly different demographic for the Rolex and different brand attributes for Ferrari. The company also added that it was up YoY at the Daytona 500 about 5% on youth attendance, which is significant.

$ISCA {{ '2017-04-04T13:41:34+0000' | timeago}} • Webcast

$ISCA said its Hollywood Casino at Kansas Speedway JV continues to be a strong contributor to earnings and cash flow. Cash distributions from the casino to the company during 1Q17 totaled $5.3MM compared to $4.5MM a year ago. For 2017, $ISCA expects cash distributions from the casino to be approx. $25-26MM.

$ISCA {{ '2017-04-04T12:05:37+0000' | timeago}} • Announcement

$ISCA expects FY17 adjusted revenue of $660-670MM and adjusted diluted EPS of $1.50-1.65. EBITDA margin is expected to be in the range of 31.5-32.5% and operating margin in the range of 15.5-17%. $ISCA also expects EBITDA to range between $208-218MM, while total CapEx is expected to be in the range of $150-175MM.

$ISCA {{ '2017-04-04T11:58:54+0000' | timeago}} • Announcement

Motorsports company $ISCA posted an increase in 1Q17 earnings, helped by corporate partnerships and broadcast revenues reaching record levels. Net income rose 7.26% to $21.27MM or $0.47 per share from a net income of $19.83MM or $0.43 per share a year ago. Net sales increased 3.72% to $147.95MM. Excluding items, the company earned $0.47 per share.

$ISCA {{ '2016-12-01T13:15:38+0000' | timeago}} • Announcement

$ISCA's BoD approved a multi-year redevelopment project to elevate the fan and spectator experience at Phoenix Raceway, the company's 52-year-old motorsports venue. The capital allocation plan, which covers fiscal years 2017 through 2021, includes $500MM of capital reinvestment in its 13 existing facilities, including Phoenix Raceway.

$ISCA {{ '2016-10-13T14:34:43+0000' | timeago}} • Webcast

$ISCA expects that its attendance revenue will grow. The company does not view the longer term as being flat on admissions and believes it can be managed through supply and demand, as well as attracting casual fans, youth initiatives, millennial strategies and so forth.

$ISCA {{ '2016-10-13T13:30:22+0000' | timeago}} • Webcast

$ISCA said Daytona Rising remains on track to achieve expected results of delivering $15MM in incremental EBITDA by the end of FY16. The company expects to sustain this profit heading into 2017, supported by its previously announced partnerships and value-added guest experiences.

$ISCA {{ '2016-10-13T13:23:00+0000' | timeago}} • Webcast

Following Hurricane Matthew, $ISCA received moderate damage around Daytona International Speedway and is currently assessing the extent of this damage. The company expects the financial impact, which will be mostly recognized through OpEx in 4Q16, will not exceed $0.01 EPS. Daytona Rising has received no structural damage, added the company.

$ISCA {{ '2016-10-13T13:17:39+0000' | timeago}} • Webcast

$ISCA realized increased admissions for comparable events during 3Q16, driven by the Coke Zero 400 and a second consecutive sellout of the reserved grandstand seats for the NASCAR event at Watkins Glen. The company hosted two successful music festivals at the Auto Club Speedway and Michigan.

$ISCA {{ '2016-10-06T12:24:04+0000' | timeago}} • Announcement

For FY16, $ISCA expects adjusted revenue of $658-665MM and adjusted diluted EPS of $1.45-1.55. EBITDA margin is expected to be 32.1-32.6% and operating margin is expected to be 16.3-17%. $ISCA expects an effective tax rate of 38.5-39%. The EBITDA guidance is $211-217MM. Adjusted interest expense is expected to be $15-15.5MM.

$ISCA {{ '2016-10-06T12:16:35+0000' | timeago}} • Announcement

Motorsports entertainment company $ISCA reported a net income of approx. $2.2MM or $0.05 per share in 3Q16 compared to a net loss of approx. $4MM or $0.08 per share in 3Q15 helped by higher revenues. Adjusted net income was $1.4MM or $0.03 per share. Total revenues were approx. $129MM compared to $125.5MM last year.

$ISCA {{ '2016-09-29T13:15:46+0000' | timeago}} • Announcement

$ISCA said its CFO, EVP and Treasurer Daniel Houser will retire, effective Nov. 30, 2016. Houser will be succeeded by Gregory Motto effective Dec. 1, 2016. Motto currently serves as the company's VP, Finance and Accounting and Controller. Houser will remain as an advisor to the company through 2017.

$ISCA {{ '2016-09-28T14:02:18+0000' | timeago}} • Announcement

$ISCA has amended and extended its $300MM revolving credit facility provided by multiple lenders. This extends the final maturity of the facility from Nov. 2017 to Sept. 2021. The revolving credit facility can be used for general corporate purposes, including external growth opportunities.

Recent Transcripts

MANU (Manchester United plc)
Thursday, September 21 2017 - 12:00pm
UWN (Nevada Gold & Casinos Inc.)
Thursday, September 14 2017 - 8:30pm
ZOES (Zoe's Kitchen, Inc.)
Thursday, August 17 2017 - 8:30pm
DIN (DineEquity, Inc.)
Thursday, August 10 2017 - 3:00pm
LYV (Live Nation Entertainment, Inc.)
Wednesday, August 9 2017 - 9:00pm
ORM (Owens Realty Mortgage, Inc.)
Wednesday, August 9 2017 - 5:00pm
IMH (Impac Mortgage Holdings Inc.)
Wednesday, August 9 2017 - 4:00pm
RRGB (Red Robin Gourmet Burgers Inc.)
Tuesday, August 8 2017 - 9:00pm
INUV (Inuvo, Inc.)
Tuesday, August 8 2017 - 8:15pm
BRG (Bluerock Residential Growth REIT, Inc.)
Tuesday, August 8 2017 - 3:00pm
SEAS (SeaWorld Entertainment, Inc.)
Tuesday, August 8 2017 - 1:00pm
GSAT (Globalstar Inc.)
Thursday, August 3 2017 - 9:00pm
NTN (NTN Buzztime Inc.)
Wednesday, August 2 2017 - 8:30pm
FSP (Franklin Street Properties Corp.)
Wednesday, August 2 2017 - 3:00pm
FUN (Cedar Fair, L.P.)
Wednesday, August 2 2017 - 2:00pm
IRT (Independence Realty Trust, Inc.)
Tuesday, August 1 2017 - 1:30pm
BJRI (BJ's Restaurants, Inc.)
Thursday, July 27 2017 - 9:00pm
UWN (Nevada Gold & Casinos Inc.)
Thursday, July 27 2017 - 8:30pm
MCS (The Marcus Corporation)
Thursday, July 27 2017 - 3:00pm
DVD (Dover Motorsports Inc.)
Thursday, July 27 2017 - 2:30pm

AlphaGraphics you may like