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Stock Market & Financial Investment News

News For ISCA From The Last 14 Days
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February 3, 2016
09:07 EDTISCAInternational Speedway ammends share repurchase program price parameters
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January 26, 2016
07:44 EDTISCAInternational Speedway sees FY16 non-GAAP EBITDA $215M-$225M
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07:43 EDTISCAInternational Speedway sees FY16 non-GAAP EPS $1.45-$1.60, consensus $1.55
Sees FY16 revenue $660M-$670M, consensus $672.98M. From an earnings perspective the fourth quarter will be the most significant, followed by the first, second and third quarters, respectively. DAYTONA Rising will have a significant impact on first quarter, and to a lesser extent third quarter, revenues and EBITDA. The company commented, " We expect revenue related to admissions, food, beverage and merchandise to increase approximately 3.0 percent to 4.0 percent, and corporate sales to increase approximately 15.0 percent to 16.0 percent. Contributing significantly to these increases are the contributions from DAYTONA Rising. Broadcast rights for NASCAR's top three racing series are expected to increase approximately 3.1 percent to approximately $322.0 million. Partially impacting anticipated results is the elimination of one NASCAR Xfinity race at Chicagoland Speedway, offset by increases related to two new music festivals at Daytona and Talladega."
07:41 EDTISCAInternational Speedway: 2016 to feature charges that will impact comparability
Fiscal 2016 will feature certain activities and business changes that will significantly impact the comparability to the prior year. These changes include: Completion and grand opening of the DAYTONA Rising project; The industry's, strategic change in the business model for merchandising officially licensed apparel and souvenirs; and the NASCAR Xfinity series event at Chicagoland Speedway held in the third quarter of 2015 will not return in 2016. As noted above, the DAYTONA Rising project will be fully operational in fiscal 2016, with a ceremonial ribbon cutting slated for Wednesday, January 27th, prior to the Rolex 24 at DAYTONA. The project will contribute approximately $20.0 million and $15.0 million in incremental revenue and EBITDA, respectively, approximately $2.1 million of which was recognized in fiscal 2015. We will also recognize incremental depreciation in fiscal 2016 of approximately $15.0 million to $16.0 million related to the completion of the project.
07:39 EDTISCAInternational Speedway says remaining CapEx will total $170M for $2016-2017
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07:36 EDTISCAInternational Speedway reports Q4 non-GAAP EPS 74c, consensus 66c
Reports Q4 revenue $219.3M vs. $199.8M last year.

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