Red Rock Resorts Inc Stock Price, News & Analysis

Red Rock Resorts, Inc. (NASDAQ: RRR) has announced the date for its third quarter 2024 financial results release and conference call. The company will release its financial results on Wednesday, November 6, 2024, followed by a conference call on the same day at 4:30 p.m. ET (1:30 p.m. PT).

To participate in the conference call, listeners can dial (888) 317-6003 (US) or (412) 317-6061 (international) using the passcode: 4490276. A live audio webcast will also be available on the company's website. A replay of the call will be accessible through November 13, 2024, by dialing (877) 344-7529 (US) or (412) 317-0088 (international) with the conference ID: 6514295.

Red Rock Resorts (NASDAQ: RRR) reported its Q2 2024 financial results, showing mixed performance. Net revenues increased 16.9% to $486.4 million, while net income decreased 6.8% to $69.8 million compared to Q2 2023. Adjusted EBITDA rose 15.0% to $201.7 million.

Las Vegas operations saw significant growth, with net revenues up 17.1% to $483.2 million and Adjusted EBITDA increasing 15.6% to $223.1 million. The company's cash and cash equivalents stood at $136.4 million, with a total debt of $3.5 billion.

The Board declared a quarterly dividend of $0.25 per Class A common share, payable on September 30, 2024. A conference call to discuss the results is scheduled for today at 4:30 p.m. Eastern Time.

Red Rock Resorts (NASDAQ: RRR) announced a revised date for its second-quarter 2024 earnings release and conference call. The new date is July 23, 2024, replacing the previously scheduled July 30, 2024. The earnings release will occur before the market opens, followed by a conference call at 4:30 p.m. ET. The call will feature prepared remarks and a Q&A session. Investors can dial in using the provided numbers and passcode, or listen via a live webcast on the company's website. A replay of the call will be available through August 6, 2024, both via phone and online.

Red Rock Resorts (NASDAQ: RRR) will announce its second-quarter 2024 financial results on July 30, 2024.

Following the release, the company will hold a conference call at 4:30 p.m. ET (1:30 p.m. PT), which will include prepared remarks and a Q&A session.

To participate, dial (888) 317-6003 with passcode 8857354 by 4:15 p.m. ET (1:15 p.m. PT). International participants can call (412) 317-6061.

The call will be webcast live at www.redrockresorts.com, and a replay will be available through August 6, 2024, by dialing (877) 344-7529 or (412) 317-0088 with conference ID 1487116. An audio archive will also be accessible on the company's website.

Red Rock Resorts announced its first quarter 2024 financial results, with net revenues of $488.9 million, a 12.7% increase from the same period in 2023. Despite a 8.4% decrease in net income to $78.4 million, adjusted EBITDA rose by 7.7% to $209.1 million. Las Vegas operations saw a 12.9% revenue increase to $485.6 million and a 7.3% rise in adjusted EBITDA to $229.8 million. The company reported $129.7 million in cash and cash equivalents and a total debt outstanding of $3.5 billion as of March 31, 2024. Additionally, a dividend of $0.25 per Class A common share was declared for the second quarter of 2024.