amc entertainment hlds-cl a (AMC) Key Developments
AMC Entertainment Holdings Provides Capital Expenditure Guidance for the Full Year of 2014
Sep 18 14
AMC Entertainment Holdings provided capital expenditure guidance for the full year of 2014. The company is increasing calendar year 2014 authorized capital expenditures by approximately $39 million, with the additional funds to be spent on improving the customer experience at the company's movie theaters. Actual total capital spending for 2014 will be approximately $265 million to $285 million, before expected landlord contributions of $35 million to $55 million.
AMC Entertainment Holdings, Inc. Presents at Wedbush California Dreamin' Consumer Management Access Conference, Sep-23-2014 09:10 AM
Sep 16 14
AMC Entertainment Holdings, Inc. Presents at Wedbush California Dreamin' Consumer Management Access Conference, Sep-23-2014 09:10 AM. Venue: Le Parker Meridien Hotel, New York, New York, United States.
IMAX Corporation and AMC Entertainment Holdings, Inc. Sign 11-Theatre Deal
Aug 18 14
IMAX Corporation and AMC Entertainment Holdings, Inc. announced an expansion of the companies' existing joint revenue sharing arrangement with the addition of 11 IMAX(R) theatres. The theatres, which will carry 13-year lease terms from the date of installation, are expected to be installed in 2015 in cities that include Chicago, New York, Newark and Phoenix. Today's agreement brings AMC's total IMAX commitment to 159 theatres and reinforces its position as the large IMAX exhibitor in North America. The agreement terms include six new sites and the confirmation of five previously conditional sites.
AMC Entertainment Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2014; Provides Earnings Guidance for the Full Year of 2014
Jul 30 14
AMC Entertainment Holdings, Inc. reported unaudited consolidated earnings results for the second quarter ended June 30, 2014. For the quarter, the company reported total revenues of $726,573,000 against $762,665,000 a year ago. Operating income was $68,397,000 against $77,849,000 a year ago. Earnings from continuing operations before income taxes were $77,849,000 against $66,188,000 a year ago. Earnings from continuing operations were $31,414,000 or $0.32 per diluted share against $61,858,000 or $0.81 per diluted share a year ago. Net earnings were $31,393,000 or $0.32 per diluted share against $61,576,000 or $0.81 per diluted share a year ago. Adjusted EBITDA was $131,805,000 against $134,723,000 a year ago. Net cash provided by operating activities was $107,823,000 against $97,622,000 a year ago. Capital expenditures were $59,609,000 against $65,345,000 a year ago.
The company continues to expect capital expenditures for 2014 to total approximately $240 million to $260 million, with landlords contributing approximately $40 million to $60 million, so a net cash outlay of $200 million.
AMC Entertainment Holdings, Inc. Announces Quarterly Dividend for the Quarter Ended June 30, 2014, Payable on September 15, 2014
Jul 29 14
AMC Entertainment Holdings, Inc. announced that its Board of Directors has declared a dividend for the quarter ended June 30, 2014, of $0.20 per share of Class A and Class B common stock, it's second since the company's initial public offering. The dividend is payable in cash on September 15, 2014, to shareholders of record on September 5, 2014.