Welcome to our dedicated page for Six Flags Entertainment Corporation news (Ticker: FUN), a resource for investors and traders seeking the latest updates and insights on Six Flags Entertainment Corporation stock.
Six Flags Entertainment Corporation (NYSE: FUN) is widely covered in financial and corporate news due to its role as North America’s largest regional amusement-resort operator and its active capital markets, governance and expansion activities. This news page aggregates company-issued updates and other coverage related to Six Flags’ amusement parks, water parks, resort properties and international projects.
Recent company news highlights a variety of topics, including the pricing and closing of a private offering of 8.625% senior notes due 2032 and the planned redemption of existing senior notes due 2027, as described in press releases and corresponding Form 8-K filings. Coverage also includes strategic decisions about specific assets, such as the choice not to exercise a call option related to the partnership that holds Six Flags Over Texas, while continuing to operate and invest in that park under existing agreements.
Operational and guest-focused updates are another key theme in Six Flags news. The company issues releases on the opening of new parks and attractions, such as Six Flags Qiddiya City in Saudi Arabia, which it describes as its first theme park designed and built outside North America with 28 rides and attractions across six themed lands. Seasonal event announcements, including WinterFest, Holiday in the Park, Knott’s Merry Farm and Christmas in the Park at selected parks, showcase how Six Flags combines rides with holiday lights, live entertainment and themed food and beverage offerings.
Investors and observers can also find leadership and governance updates in the news flow, such as the appointment of John Reilly as President and Chief Executive Officer and changes to the board of directors. In addition, news items reference shareholder engagement by groups like JANA Partners and Sachem Head Capital Management LP. By following this page, readers can see how Six Flags communicates financial performance, capital structure decisions, seasonal programming and corporate governance developments over time.
Cedar Fair Entertainment Company (NYSE: FUN) has appointed Monica Sauls as the new Senior Vice President and Chief Human Resources Officer. Based in Charlotte, North Carolina, she will report to Richard A. Zimmerman, the company's President and CEO. Sauls brings over 20 years of experience from roles at companies like Bojangles and Boeing, where she significantly improved employee engagement and organizational culture. Zimmerman expressed confidence in Sauls' ability to drive innovation and revenue growth as Cedar Fair continues to execute its long-range strategic plan.
Cedar Fair (NYSE: FUN) has announced the availability of its 2022 tax packages, including Schedule K-1, which can be accessed online at Cedar Fair’s website under the Unitholder Resources tab. The company expects to complete mailing these packages by March 10, 2023. Unitholders can reach the K-1 Tax Package Support Team on weekdays from 9 a.m. to 6 p.m. ET at 866-569-8675. Cedar Fair operates 13 properties, providing immersive entertainment experiences across several states and Toronto, Ontario.
Kings Dominion Celebrates Presidents' Day Weekend
On February 16, 2023, Kings Dominion amusement park in Doswell, VA, announced it would offer free admission to all current and former U.S. Presidents during the Presidents' Day weekend. This gesture aims to honor the holiday and is promoted via the park's social media channels. Although the park remains open year-round, it has yet to confirm attendance from President Biden or any former presidents. Kings Dominion is part of Cedar Fair Entertainment Company (NYSE: FUN) and features over 60 rides, including 12 roller coasters and a 20-acre water park.
Cedar Fair reported record 2022 performance with net revenues of $1.82 billion, a 36% increase over 2021, and net income of $308 million, up from a $49 million loss in 2021. Attendance grew by 38% year-over-year to 26.9 million guests, though still down 4% from 2019 levels. In-park per capita spending decreased slightly to $61.65. The company also achieved a record Adjusted EBITDA of $552 million, reflecting a 70% year-over-year increase. Additionally, Cedar Fair announced a quarterly cash distribution of $0.30 per LP unit, payable March 21, 2023, while strengthening its balance sheet by repaying $264 million in debt, bringing net leverage to 4.0x Adjusted EBITDA.
Cedar Fair Entertainment Company (NYSE: FUN) announced the opening of Cedar Point Esports in May at the Cedar Point Sports Center, Sandusky, Ohio. This initial phase will feature a 1,000-square-foot space with 32 competitive gaming stations and the capability to broadcast and produce live content. The facility aims to become the premier gaming destination in Northern Ohio, supporting local esports teams and hosting gaming events. This development is part of a broader $50 million investment in the Sports Center, which has been a key driver of local economic growth and attracted amateur sports teams.
Cedar Fair Entertainment Company (NYSE: FUN) is set to host its largest-ever hiring event from
Cedar Fair Entertainment Company (NYSE: FUN) will release its 2022 fourth-quarter and full-year financial results on February 16, 2023, before the market opens. A conference call will follow at 10 a.m. EST with key executives discussing financial results and future business outlook. Cedar Fair operates 13 amusement and water parks across various states, focusing on providing immersive entertainment experiences. Investors can access the live webcast or a recorded version on the company's investor relations site.
accesso Technology Group plc has extended its partnership with Cedar Fair Entertainment Company (NYSE: FUN) for five more years, enhancing the guest experience across Cedar Fair's North American properties using the accesso Passport® eCommerce ticketing suite. Cedar Fair, welcoming around 28 million guests annually with revenue over $1.5 billion, has been utilizing accesso's technology since 2011. The mobile-centric accesso Passport system processed over 96 million tickets in 2021, positioning itself as a leading eCommerce solution in the leisure industry.
Cedar Fair reported record financial results for Q3 2022, achieving net revenues of $843 million, up 12% from Q3 2021 and 18% from Q3 2019. Net income soared to $333 million, marking a rise of 126% year-over-year. Total attendance reached 12.3 million, a 14% increase from last year. The company generated strong free cash flow, allowing debt repayment and a quarterly cash distribution of $0.30 per unit. Cedar Fair's performance reinforces its recovery and growth strategy despite ongoing macroeconomic challenges.
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