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Cedar Fair L.P. - FUN STOCK NEWS

Welcome to our dedicated news page for Cedar Fair L.P. (Ticker: FUN), a resource for investors and traders seeking the latest updates and insights on Cedar Fair L.P..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cedar Fair L.P.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cedar Fair L.P.'s position in the market.

News
Six Flags Reports Fourth Quarter and Full Year 2023 Performance
Rhea-AI Summary
Six Flags Entertainment Corporation (SIX) reported fourth-quarter revenue of $293 million, a net loss of $22 million, and adjusted EBITDA of $98 million. For the full year, revenue was $1,426 million, net income $39 million, and adjusted EBITDA $462 million. The company highlighted growth in guest spending, lower expenses, key partnerships, and debt reduction. Despite challenges like higher cash operating costs and merger-related expenses, the company remains optimistic about future growth and new developments for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.08%
Tags
none
-
News
Cedar Fair Reports Results for 2023
Rhea-AI Summary
Cedar Fair Entertainment Company (FUN) reported a record fourth quarter attendance and strong performance in 2023, with net revenues totaling $1.80 billion. The Company declared a quarterly cash distribution of $0.30 per LP unit. Adjusted EBITDA for the fourth quarter was $89 million, and attendance reached 5.8 million guests, reflecting a 9% increase. However, net income decreased to $125 million due to transaction costs related to the proposed merger with Six Flags.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
Tags
none
-
News
Valleyfair to Hire 1,600 Seasonal Associates for 2024 Season
Rhea-AI Summary
Valleyfair announces a week-long hiring event from February 17-24 to fill over 1,600 seasonal associate roles for the 2024 season. The park, part of Cedar Fair Entertainment Company, offers competitive wages ranging from $17 - $20 per hour, along with various benefits and perks for associates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.85%
Tags
none
News
Cedar Fair to Announce 2023 Fourth Quarter and Full Year Results on Feb. 15, 2024; Earnings Call Scheduled for 10 AM EST
Rhea-AI Summary
Cedar Fair Entertainment Company (NYSE: FUN) will release its 2023 fourth-quarter and full-year financial results on February 15, 2024. The company will also host a conference call to discuss the results and business outlook, featuring CEO Richard Zimmerman, CFO Brian Witherow, and Corporate Director of Investor Relations Michael Russell.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.95%
Tags
earnings
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News
Cedar Fair Announces Strategic Changes to Its Corporate Leadership Team
Rhea-AI Summary
Cedar Fair Entertainment Company (NYSE: FUN) announces a strategic reorganization to its corporate leadership structure, promoting Robert White to chief commercial officer and Christian Dieckmann to chief strategy officer. Kelley Ford transitions out of the executive vice president and chief marketing officer position after 11 years. The reorganization aims to better meet the challenges of today’s consumer landscape and drive strategic initiatives for growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.46%
Tags
management
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News
Cedar Fair Announces Expiration and Results of Consent Solicitation For its Outstanding Notes
Rhea-AI Summary
Cedar Fair, L.P. (NYSE: FUN) announced the expiration and results of its consent solicitation for proposed amendments to the indentures governing its 5.375% Senior Notes due 2027, 5.250% Senior Notes due 2029, 5.500% Senior Secured Notes due 2025, and 6.500% Senior Notes due 2028. The Co-Issuers obtained the consents required to effect the Proposed Amendments under the terms of each Indenture, with approximately 97.70% of the outstanding 2027 Notes, 94.44% of the outstanding 2029 Notes, 90.22% of the outstanding 2025 Notes, and 97.90% of the outstanding 2028 Notes providing consents. Holders who provided valid consents are eligible to receive a cash payment for the benefit of the Holders of such series of Notes on the Record Date. The Co-Issuers expect to pay the Consent Payment upon or immediately prior to consummation of the Merger.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.13%
Tags
none
News
Cedar Fair Announces Consent Solicitation for its Outstanding Notes
Rhea-AI Summary
Cedar Fair, L.P. announces a solicitation of consents from holders of its Senior Notes due 2027, 2029, 2025, and 2028 to adopt proposed amendments to the indentures governing the notes. The proposed amendments aim to enable the company to select the date of the merger agreement with Six Flags Entertainment Corporation as the testing date for certain ratio tests. The record date for the consent solicitation is November 2, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.38%
Tags
none
-
News
Significant Six Flags Shareholder Land & Buildings Issues Statement on the Company’s Proposed Merger with Cedar Fair
Rhea-AI Summary
Land & Buildings Investment Management, LLC (Land & Buildings), a significant shareholder of Six Flags Entertainment Corporation, believes that the proposed merger with Cedar Fair does not maximize value for all shareholders. They suggest monetizing Six Flags' real estate, which they estimate to be worth nearly $30 per share. Land & Buildings intends to vote against the merger and explore other options to realize full value for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.36%
Tags
acquisition
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News
Cedar Fair Announces 2023 Third Quarter Results and Provides October Performance Update
Rhea-AI Summary
Cedar Fair Entertainment Company (NYSE: FUN) announced its financial results for Q3 2023, reporting net revenues of $842 million, a decrease of $1 million from the same period last year. Net income was $215 million, a decrease of $118 million. Adjusted EBITDA increased by 7% to $388 million. Attendance increased by 1% to 12.4 million guests. In-park per capita spending decreased by 2% to $61.65. The company also announced a cash distribution of $0.30 per limited partner unit.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.36%
Tags
earnings
News
Cedar Fair and Six Flags to Combine in Merger of Equals, Creating a Leading Amusement Park Operator
Rhea-AI Summary
Cedar Fair and Six Flags Entertainment Corporation have entered into a definitive merger agreement to combine in a merger of equals transaction. The combined company will have an expanded and diversified footprint, a more robust operating model, and a strong revenue and cash flow generation profile. The merger is expected to create approximately $200 million of annual synergies, including $120 million of cost savings within two years. Cedar Fair unitholders will own approximately 51.2% of the combined company, while Six Flags shareholders will own approximately 48.8%. The transaction is expected to close in the first half of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.36%
Tags
acquisition
Stock FUN logo
Cedar Fair L.P.

NYSE:FUN

FUN Rankings

#1887 Ranked by Market Cap
#3114 Ranked by Stock Gains
#1086 Ranked by Dividends

FUN Stock Data

2.00B
50.04M
1.79%
64.92%
5.92%
Amusement and Theme Parks
Arts, Entertainment, and Recreation
Link
US
Sandusky

About FUN

cedar fair is a publicly traded partnership headquartered in sandusky, ohio, and one of the largest regional amusement-resort operators in the world. the partnership owns and operates 11 amusement parks, six outdoor water parks, one indoor water park and five hotels. amusement parks in the company’s northern region include two in ohio: cedar point, consistently voted “best amusement park in the world” in amusement today polls, and kings island; as well as canada’s wonderland, near toronto; dorney park, pa; valleyfair, mn; and michigan’s adventure, mi. in the southern region are kings dominion, va; carowinds, nc; and worlds of fun, mo. western parks in california include: knott’s berry farm; great america; and gilroy gardens family theme park, which is managed under contract.