Quarterly ResultApr 30, 2026, 03:50 PM
MCRI Q1 Net Income +39% to $27.6M; Revenue +9% to $136.6M
AI Summary
Monarch Casino & Resort Inc. reported strong financial results for Q1 2026, with net income increasing 39% to $27.6 million and net revenues rising 9% to $136.6 million. Diluted EPS also saw a significant jump of 45% to $1.52. However, the company noted a February 2025 court judgment awarding $74.8 million in damages against it in the ongoing PCL Construction Services litigation. The company also repurchased $17.6 million of its common stock and reported no outstanding principal balance on its credit facility.
Key Highlights
- Net income increased 39% to $27.6 million for Q1 2026.
- Net revenues rose 9% to $136.6 million for Q1 2026.
- Diluted EPS grew 45% to $1.52 for the quarter.
- Court awarded $74.8 million in damages against the company in the PCL lawsuit.
- Net cash provided by operating activities increased 33% to $48.5 million.
- Repurchased 181,258 shares for $17.6 million in Q1 2026.
- No outstanding principal balance on the Amended Credit Facility as of March 31, 2026.
- Casino revenue increased 9.4% to $79.7 million.
- Hotel revenue increased 13.5% to $19.0 million.
Price Impact
More from MCRI