$CNK (Cinemark Holdings, Inc.)

$CNK {{ '2016-08-09T11:04:19+0000' | timeago}} • Announcement

Theatre operator $CNK reported a decrease in 2Q16 earnings hurt by lower revenues. Net income was $53.9MM or $0.46 per share in 2Q16 compared to $70.3MM or $0.61 per share in 2Q15. Total revenues declined to $744.4MM in 2Q16 from $799.9MM in 2Q15.

$CNK {{ '2017-09-06T22:16:19+0000' | timeago}} • Announcement

$CNK announced plans to build a new multi-screen, dine-in movie theatre at the Howe Bout Arden shopping center in Sacramento. Set to launch in the summer of 2018, it will be built adjacent to the Century Arden 14 and XD, which opened less than a year ago.

$CNK {{ '2017-08-11T11:40:16+0000' | timeago}} • Announcement

$CNK, one of the largest motion picture exhibitors in the world, has declared a cash dividend for 2Q17 of $0.29 per share of common stock. The dividend will be paid on Sept 13, 2017 to stockholders of record on Aug 31, 2017.

$CNK {{ '2017-06-16T16:42:10+0000' | timeago}} • Announcement

$CNK's subsidiary Cinemark USA completed an amendment to its senior secured credit facility that included a repricing of the term loan under the facility. The company's credit agreement was amended to reduce the rate at which the term loan bears interest, which will now be at either a base rate plus 1% or LIBOR plus 2%.

$CNK {{ '2017-05-25T20:45:54+0000' | timeago}} • Announcement

$CNK announced that its Board of Directors has declared a cash dividend for 1Q17 of $0.29 per share of common stock. The dividend will be paid on June 22, 2017 to stockholders of record on June 8, 2017.

$CNK {{ '2017-05-25T13:46:41+0000' | timeago}} • Announcement

$CNK elected Nancy Loewe to its BoD, effective May 25, 2017. Loewe will fill the position formerly held by Don Soderquist and shall serve as a Class I Director. Loewe most recently served as CFO for $KMB.

$CNK {{ '2016-11-17T16:03:22+0000' | timeago}} • Announcement

$CNK's BoD declared a 3Q16 cash dividend of $0.27 per common share. The dividend is payable on Dec. 16, 2016 to stockholders of record on Dec. 2, 2016.

$CNK {{ '2016-11-08T14:47:44+0000' | timeago}} • Webcast

$CNK has been spending heightened amounts on its domestic recliners. Looking at 2017, the company is going to see a healthy number of ongoing reclining activity. This may not have a significant reduction in CapEx, but some of this is going to depend on where the company ends up with its plan on domestic recliners.

$CNK {{ '2016-11-08T14:38:33+0000' | timeago}} • Webcast

On the membership goal, $CNK said it blew away its initial goal of 1MM in the first year. The company will begin to at least double this and potentially even more by the end of 2017.

$CNK {{ '2016-11-08T14:17:46+0000' | timeago}} • Webcast

With regards to overall CapEx, $CNK spent $98.8MM in 3Q16, including $26.2MM on new builds and $72.6MM on existing theaters. The company maintains its CapEx guidance for the full year of 2016 at approx. $325MM.

$CNK {{ '2016-11-08T14:14:36+0000' | timeago}} • Webcast

In its Latin America circuit, as of 3Q16-end, $CNK had signed commitments to open 4 new theaters and 24 screens during the remainder of 2016, and 6 theaters representing 41 screens subsequent to 2016. The company anticipates spending approx. $31MM in CapEx for these 65 screens.

$CNK {{ '2016-11-08T14:13:04+0000' | timeago}} • Webcast

In the US footprint, $CNK has signed commitments to open 3 theaters and 36 screens during the rest of 2016, and 10 theaters representing 106 screens subsequent to 2016. $CNK expects to spend approx. $87MM in CapEx for these 142 screens. The company also anticipates closing around 10-20 additional screens in 4Q16.

$CNK {{ '2016-11-08T13:58:16+0000' | timeago}} • Webcast

As of Sept. 30, 2016, $CNK featured Luxury Lounger recliner seats in 764 auditoriums. The company expects to end 2016 with more than 1,000 auditoriums featuring the recliner seats, representing around 22% of its domestic footprint. Auditoriums that featured the Loungers for more than six months are realizing average attendance increases of 40%.

$CNK {{ '2016-11-08T13:47:22+0000' | timeago}} • Webcast

$CNK said its adjusted EBITDA margin was 24.1%, an expansion of 140 BPs year-over-year, validating the consistent health of the company's margins during strong, as well as challenging box office environments. The company's 11.4% year-over-year domestic box office growth slightly trailed the North American industry, which is at 12%.

$CNK {{ '2016-11-08T12:51:58+0000' | timeago}} • Announcement

$CNK said a robust film environment, coupled with various strategic initiatives the company undertook enabled it to deliver a 9.8% increase in total revenues in 3Q16. Admissions revenues increased 9.4% to $472.9MM and concession revenues increased 13.6% to $261.4MM. Attendance increased 7.3% to 76.2MM patrons.

$CNK {{ '2016-11-08T12:33:17+0000' | timeago}} • Announcement

$CNK, one of the largest motion picture exhibitors in the world, reported strong quarterly results, driven by growth across segments. The company said 3Q16 earnings jumped 42% to $65.7MM from a year ago. EPS increased 40% to $0.56. Revenue rose 10% to $768.6MM, helped by a 9.4% increase in admission revenue.

$CNK {{ '2016-08-18T12:24:45+0000' | timeago}} • Announcement

$CNK said its BoD has declared a cash dividend for 2Q16 of $0.27 per share of common stock. The dividend will be paid on Sept. 13, 2016 to stockholders of record on Aug. 31, 2016.

$CNK {{ '2016-08-09T14:29:29+0000' | timeago}} • Webcast

Barton Crockett of FBR Capital Markets asks about the impact of the Olympics. $CNK said it has not seen any impact in Brazil, Latin America or the US. The company had an outstanding box office performance this past weekend across all its 15 countries with no denigration in the box office relative to the Olympics.

$CNK {{ '2016-08-09T13:52:19+0000' | timeago}} • Webcast

Robert Fishman of MoffettNathanson asks for an update on rescreening. $CNK said it takes a disciplined approach to rescreening and the results so far have reached or exceeded 40% attendance. The company will be diligent in its financial analysis for future Capex with regards to rescreening. $CNK does not have a specific number for 2017.

$CNK {{ '2016-08-09T13:40:27+0000' | timeago}} • Webcast

Eric Handler of MKM Partners asks about screen count. $CNK said in the US it is running a bit higher than normal in terms of screen closures, so looking at full-year 2016, the company expects to be flat to slightly down in total number of screen adds. This could be 0 to negative 20-30. Internationally, $CNK expects it to be between 75-85 screens.

$CNK {{ '2016-08-09T13:31:45+0000' | timeago}} • Webcast

$CNK ended 2Q16 with a cash balance of $583.6MM and a net debt position of $1.2Bil. The company spent $83.8MM in Capex during 2Q16.

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