Cinemark Announces Plans to Construct New 14-Screen Movie Theatre in North Haven, Connecticut
Sep 11 14
Cinemark Holdings Inc. announced plans to construct a 14-screen, all-digital movie theatre that will feature the company's new NextGen design concept and Luxury Lounger recliners in North Haven, Connecticut. The new multiplex will be located at 550 Universal Drive, in the same location as the existing site. Upon completion, the older complex will be closed and torn down. The new Cinemark branded theatre is scheduled to open in the spring of 2015, just in time for the summer movie blockbuster season.
Cinemark Holdings Inc. Presents at MKM Partners Entertainment & Leisure Conference, Sep-18-2014 10:15 AM
Sep 11 14
Cinemark Holdings Inc. Presents at MKM Partners Entertainment & Leisure Conference, Sep-18-2014 10:15 AM. Venue: The New York Palace, New York, New York, United States.
Cinemark Holdings Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Impairment for the Second Quarter Ended June 30, 2014; Provides Total CapEx Guidance for 2014
Aug 5 14
Cinemark Holdings Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company’s total revenues were $717,863,000 against $725,622,000 a year ago. Operating income was $116,866,000 against $134,017,000 a year ago. Income before income taxes was $96,215,000 against $29,559,000 a year ago. Net income was $72,134,000 against $20,837,000 a year ago. Net income attributable to the company was $71,731,000 or $0.62 basic and diluted per share against $20,265,000 or $0.18 basic and diluted per share a year ago. Adjusted EBITDA was $169,355,000 against $178,024,000 a year ago. Total capital expenditures were $49,757,000 against $53,499,000 a year ago.
For the six months, the company’s total revenues were $1,320,143,000 against $1,273,395,000 a year ago. Operating income was $184,721,000 against $199,646,000 a year ago. Income before income taxes was $152,773,000 against $73,239,000 a year ago. Net income was $107,830,000 against $53,899,000 a year ago. Net income attributable to the company was $107,174,000 or $0.93 basic and diluted per share against $52,859,000 or $0.46 basic and diluted per share a year ago. Adjusted EBITDA was $297,910,000 against $294,280,000 a year ago. Total capital expenditures were $102,563,000 against $90,388,000 a year ago. Net debt position is approximately $1.25 billion.
The company reported impairment of long-lived assets for the second quarter ended June 30, 2014 of $430,000 compared to $1,101,000 a year ago.
The company estimates total CapEx for 2014 to be approximately $275 million to $300 million.