Last $31.86 USD
Change Today -0.28 / -0.87%
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As of 8:10 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

intl speedway corp-cl a (ISCA) Key Developments

International Speedway Corp. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended August 31, 2014; Reiterates Earnings Guidance for 2014

International Speedway Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended August 31, 2014. For the quarter, the company reported revenues of $130,083,000 compared to $117,046,000 a year ago. Operating loss was $3,525,000 compared to $13,067,000 a year ago. Loss before income taxes was $3,130,000 compared to $13,786,000 a year ago. Net income was $191,000 or $0.00 per basic and diluted share compared with net loss of $7,866,000 or $0.17 per basic and diluted share a year ago. Non-GAAP net income was $945,000 or $0.00 per diluted share compared to $2,082,000 or $0.17 per diluted share a year ago. For the nine months, the company reported revenues of $452,183,000 compared to $423,972,000 a year ago. Operating income was $53,553,000 compared to $49,160,000 a year ago. Income before income taxes was $57,980,000 compared to $44,892,000 a year ago. Net income was $41,555,000 or $0.89 per basic and diluted share compared to $28,087,000 or $0.22 per basic and diluted share a year ago. Net cash provided by operating activities was $125,934,000 compared to $131,832,000 a year ago. Capital expenditures were $132,486,000 compared to $46,880,000 a year ago. Non-GAAP net income was $39,386,000 or $0.89 per diluted share compared to $41,354,000 or $0.60 per diluted share a year ago. The company expects, for its 2014 fiscal year, that reiterated its previously announced 2014 full year non-GAAP guidance, as updated on the 2014 first quarter earnings call for consolidation of Motorsports Authentics. revenue in a range of $635 million to $650 million. EBITDA margin: 29.5% to 30.5%. Operating margin: 17.0% to 18.5%. Diluted earnings per share: $1.30 to $1.50.

International Speedway Corp., Q3 2014 Earnings Call, Oct 07, 2014

International Speedway Corp., Q3 2014 Earnings Call, Oct 07, 2014

International Speedway Corp. Provides Additional Details on NASCAR's Domestic Broadcast Rights Contracts for its Sprint Cup, Nationwide and Camping World Truck Series

International Speedway Corp. provided additional details on NASCAR's domestic broadcast rights contracts for its Sprint Cup, Nationwide and Camping World Truck series beginning in 2015, as well as changes to its NASCAR calendar of events for 2015. In August 2013, NASCAR finalized multi-platform broadcast rights agreements with NBCUniversal and Fox Sports Group for 10 years, beginning in 2015 through the 2024 season, for the broadcast and related rights for NASCAR's three aforementioned national touring series. The agreements include Spanish-language rights and 'TV Everywhere rights', which will allow NASCAR content to stream over the broadcasters-affiliated websites. Based on information received during sanction agreement negotiations with NASCAR, ISC's contracted TV broadcast revenues under these new contracts beginning in 2015 will increase to approximately $316 million, or 3.8%. ISC's contracted TV broadcast revenue for 2014, under the existing contracts expiring at the end of the 2014 race season, are expected to total $304 million. Further, ISC's rights revenues under the new contracts are expected to increase between 3% and 5% over the 10-year contract term, at an average of 3.9%. The net broadcast revenue allocation to ISC reflects no change in the historic participation between stakeholders in the sport's only shared revenue model: 65% to promoters; 25% to race teams paid through prize and point fund monies; and 10% retained by NASCAR.

International Speedway Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended May 31, 2014; Reiterates Earnings Guidance for 2014

International Speedway Corp. announced unaudited consolidated earnings results for the second quarter and six months ended May 31, 2014. For the quarter, the company reported revenues of $190,311,000 compared to $178,374,000 a year ago. Operating income was $34,739,000 compared to $37,080,000 a year ago. Income before income taxes was $34,804,000 compared to $36,453,000 a year ago. Net income was $21,469,000 or $0.46 per basic and diluted share compared to $22,440,000 or $0.48 per basic and diluted share a year ago. Non-GAAP net income was $23,385,000 or $0.50 per diluted share compared to $23,747,000 or $0.51 per diluted share a year ago. For the six months, the company reported revenues of $322,100,000 compared to $306,926,000 a year ago. Operating income was $57,078,000 compared to $62,227,000 a year ago. Income before income taxes was $61,110,000 compared to $58,678,000 a year ago. Net income was $41,364,000 or $0.89 per basic and diluted share compared to $35,953,000 or $0.77 per basic and diluted share a year ago. Net cash provided by operating activities was $105,426,000 compared to $101,586,000 a year ago. Capital expenditures were $74,708,000 compared to $21,632,000 a year ago. Non-GAAP net income was $23,385,000 or $0.84 per diluted share compared to $23,747,000 or $0.85 per diluted share a year ago. The company expects, for its 2014 fiscal year, that its share of the cash flow from the casino's operations will be approximately $20.0 million. The company reiterated its previously announced 2014 full year non-GAAP guidance, as updated on the 2014 first quarter earnings call for consolidation of Motorsports Authentics. Revenue: $635 million to $650 million. EBITDA margin: 29.5% to 30.5%. Operating margin: 17.0% to 18.5%. Diluted earnings per share: $1.30 to $1.50.

International Speedway Corp., Q2 2014 Earnings Call, Jul 03, 2014

International Speedway Corp., Q2 2014 Earnings Call, Jul 03, 2014

 

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Speedway Motorsports Inc $19.75 USD 0.00
Marcus Corp/The $16.59 USD -0.08
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ISCA

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Valuation ISCA Industry Range
Price/Earnings 25.2x
Price/Sales 2.3x
Price/Book 1.1x
Price/Cash Flow 6.2x
TEV/Sales 0.6x
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