Six Flags Entmt Corp Stock Price, News & Analysis

Six Flags Entertainment Corporation (NYSE: SIX) announced a plan to offer up to $800 million of senior notes in a private offering. The proceeds will be used to repurchase its existing $949.5 million of 4.875% senior unsecured notes due 2024, aimed at reducing debt. The offering is targeted at qualified institutional buyers and non-U.S. persons, adhering to regulatory exemptions. This strategic move may enhance liquidity and lower interest expenses. The notes will be secured on a senior unsecured basis by the company’s subsidiaries. However, the offering does not constitute an offer to sell or solicit an offer to buy any security.

Six Flags Entertainment Corporation (NYSE:SIX) has announced the installation of a 12.37-megawatt solar carport at Six Flags Magic Mountain in Los Angeles, California. This initiative marks the largest single-site commercial renewable energy project in California and the largest solar project for any for-profit organization in the U.S. The solar installation will generate 20.8 million kilowatt-hours of energy annually, equivalent to the electricity consumption of approximately 2,874 homes. It will also offset greenhouse gas emissions comparable to taking 3,182 cars off the road each year. With this project, Six Flags will achieve 100% solar power utilization at the park, further solidifying its commitment to environmental sustainability and leadership in the entertainment industry.

Six Flags Entertainment Corporation has appointed Angus Jenkins as Vice President of Maintenance and Engineering to enhance ride availability across its 27 parks in North America. This new division combines maintenance and engineering efforts, aiming to improve guest experience and safety standards. Jenkins, with a rich background in attractions and capital projects, will oversee the implementation of this strategy. CEO Selim Bassoul emphasized the priority of safety and memorable experiences, stating that the restructuring will elevate operational standards. The focus on ride availability addresses a key guest concern, positioning Six Flags for continued growth in the competitive theme park industry.

Six Flags Entertainment Corporation is actively hiring 15,000 team members during its National Hiring Week from April 22 to 30. The company, recognized for five consecutive years as one of the Nation’s Best and Brightest Companies to Work For, offers competitive wages of up to $20 per hour and exclusive perks, including free Platinum Passes for unlimited park access. Job opportunities range across various sectors such as admissions, food service, ride operations, and more. Applicants can start training the next day upon acceptance. This initiative is part of Six Flags' strategy to enhance its workforce ahead of the busy summer season.

Six Flags Entertainment Corporation (NYSE: SIX) is set to release its first quarter financial results on May 8, 2023, before the market opens. An investor conference call is scheduled for 7:00 a.m. Central Time on the same day, accessible via the Six Flags Investor Relations website or by phone. As the world's largest regional theme park company, Six Flags operates 27 parks across the U.S., Mexico, and Canada, providing diverse entertainment options for families. This announcement highlights the company's ongoing commitment to transparency and engagement with investors.

Landis+Gyr (OTC-PINK: LDGYY, SIX: LAND) has signed a contract with EPCOR Water to implement advanced metering infrastructure (AMI) for approximately 270,000 water meters in Edmonton. The contract encompasses RF Mesh Series 5 water modules, software upgrades, and enhanced network security, utilizing the existing RF mesh network that supports 435,000 electric meters. The project, which aims to enhance leak detection and monitoring capabilities, is expected to be completed by the end of 2025. This implementation is part of Landis+Gyr's Gridstream® Connect platform, which connects intelligent devices and optimizes resource management.

Landis+Gyr (SIX: LAND) has entered into a significant agreement with EPCOR Water to deploy Advanced Metering Infrastructure (AMI) technology for approximately 270,000 water meters in Edmonton. This contract involves the installation of RF Mesh Series 5 water modules and software enhancements, which will utilize EPCOR's existing RF mesh network that supports around 435,000 electric meters. The project is anticipated to be completed by the end of 2025.

The Gridstream^® Connect platform not only enables efficient water resource monitoring but also supports advanced features such as leak detection and tamper alerts. Landis+Gyr aims to enhance EPCOR's service delivery and operational efficiency through this partnership, as stated by VP Chuck Yechout.

Six Flags Entertainment Corporation (NYSE: SIX) reported a fourth quarter revenue of $280 million and a net income of $13 million. For the full year 2022, total revenue was $1,358 million, with net income of $109 million. The fourth quarter Adjusted EBITDA reached $99 million, reflecting a 5% increase from the prior year. However, attendance fell by 30% to 4.1 million due to higher ticket prices and fewer operating days. Despite a decrease in overall revenue, guest spending per capita increased by 23%. The company faced challenges including reduced attendance and increased operational costs, but efforts to enhance guest experience are underway.

This summer, Six Flags Great Adventure will unveil the largest investment in over 20 years at Hurricane Harbor, the premier water park in the Tri-State Area. The expansion will feature an interactive splash play area and seven new slides designed for younger guests, enhancing family experiences. Key attractions include Splash Island, a tree house play structure with over 50 features, and upgraded amenities like cabanas and dining options. The park will open for the season on May 20, with season passes available for $8.99/month. This investment aims to elevate guest experiences and add value for families.