Quarterly ResultMay 1, 2026, 01:25 PM
Ryman Hospitality Q1 Revenue +13.2% to $664.6M; Net Income +10.1%
AI Summary
Ryman Hospitality Properties reported strong first-quarter 2026 financial results, with total revenues increasing by 13.2% and net income rising by 10.1% year-over-year. The company completed a significant debt refinancing, issuing $700 million in 5.75% senior notes due 2034 to redeem existing 4.75% notes due 2027, and expanded its revolving credit facility to $850 million. Net cash flows provided by operating activities saw a substantial increase, reflecting robust operational performance.
Key Highlights
- Total revenues increased 13.2% to $664.6 million for Q1 2026.
- Net income rose 10.1% to $69.4 million for the quarter.
- Diluted income per share grew 3.0% to $1.03.
- Issued $700 million of 5.75% Senior Notes due 2034, redeeming 4.75% notes due 2027.
- Increased revolving credit facility to $850 million, maturing January 2030.
- Net cash flows from operating activities rose to $169.2 million from $98.2 million.
- Hospitality segment revenues grew 17.6% to $585.4 million.
- Declared a Q1 2026 cash dividend of $1.20 per share.
Price Impact
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