$ISCA (International Speedway Corp.)

$ISCA {{ '2016-07-05T13:51:56+0000' | timeago}} • Webcast

$ISCA said that through May 31, 2016, the company purchased 757,700 shares on the open market for a total of approx. $25.9MM and that it is on track to fulfill the $37MM commitment by mid-July.

$ISCA {{ '2017-10-05T21:34:32+0000' | timeago}} • Webcast

$ISCA's admissions revenue for 3Q17 slid less than 1% from last year. The average ticket price for Monster Energy NASCAR Cup Series events held was about $85.60, up 3% from 3Q16. The increase in motorsports and other event-related revenues to $94MM is primarily due to increased TV broadcast rights, corporate partnerships, and advertising revenues.

$ISCA {{ '2017-10-05T21:31:25+0000' | timeago}} • Webcast

$ISCA's non-GAAP EPS for 3Q17 increased to $0.06 from $0.03 last year. The company said key to this improved performance are strong contracted revenues, its investment in Daytona Rising, delivering on attendance, admissions and corporate sales, and increased contribution from the Hollywood Casino.

$ISCA {{ '2017-10-05T13:23:25+0000' | timeago}} • Announcement

$ISCA reiterated its FY17 revenue outlook of $660-670MM and EPS guidance of $1.50-1.65. The company still expects FY17 EBITDA margin of 31.5-32.5%, operating margin of 15.5-17%, and effective tax rate of 38-38.5%. $ISCA still sees EBITDA outlook of $208-218MM.

$ISCA {{ '2017-10-05T13:15:20+0000' | timeago}} • Announcement

In FY16 $ISCA increased its dividend about 58% to $0.41 per share, and in FY17, the company increased its dividend about 4.9% to $0.43 per share. The company expects dividends to increase in 2018 and beyond, by about 4-5% annually. For fiscal 2017 through 2021 $ISCA expects its return of capital program to be about $280MM.

$ISCA {{ '2017-10-05T13:12:57+0000' | timeago}} • Announcement

In addition to $500MM in capital expenditures for existing facilities, $ISCA expects it will have additional $95MM of Capex related to phase one of One Daytona, with about $22MM was spent as of Nov. 30, 2016 and balance $73MM will be spent in FY17 and FY18. $ISCA expects returns of this investment to exceed weighted average cost of capital.

$ISCA {{ '2017-10-05T13:06:01+0000' | timeago}} • Announcement

$ISCA reported a drop in 3Q17 earnings due to impairment of deferred tax asset and adjustments in accelerated depreciation. Net income fell to $265,000 or $0.01 per share from $2.17MM or $0.05 per share last year. Revenue grew to $131.94MM from $129MM. Non-GAAP EPS increased to $0.06 from $0.03.

$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.

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