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Six Flags Entmt Corp Stock Price, News & Analysis

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Welcome to our dedicated page for Six Flags Entmt news (Ticker: SIX), a resource for investors and traders seeking the latest updates and insights on Six Flags Entmt stock.

Six Flags Entertainment Corporation (SIX) operates one of North America's largest regional theme park networks, delivering thrill rides and family-focused entertainment experiences. This page serves as the definitive source for verified company announcements, providing stakeholders with timely updates on operational developments and strategic priorities.

Access official press releases covering financial results, partnership announcements, safety initiatives, and seasonal event launches like Fright Fest and Holiday in the Park. Investors will find essential updates on capital investments, leadership changes, and attendance trends relevant to the leisure industry.

All content is curated from primary sources to ensure accuracy, with updates spanning new attraction launches, sustainability efforts, and operational enhancements across Six Flags' park network. Bookmark this page for direct access to the company's latest communications without promotional commentary.

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Six Flags Entertainment Corporation (NYSE: SIX) reported a strong first quarter 2022 with total revenue of $138 million, up 68% from $82 million in Q1 2021, driven by increased attendance and guest spending. Attendance rose 25% to 1.7 million, while guest spending per capita increased by 34% to $75.46. Despite a net loss of $66 million, improved margins led to an adjusted EBITDA loss of $16 million, a $30 million improvement year-over-year. Capital investments totaled $29 million, while net debt stood at $2,379 million as of April 3, 2022.

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Six Flags Hurricane Harbor in Los Angeles opens for the season on May 28, with daily operations starting June 11. The park features over 25 attractions including thrilling slides like Taboo Tower and Bonzai Pipelines. Enhancements for 2022 include improved seating, dining renovations, and new menu items. Additionally, a new three-tiered Pass Program offers value to visitors. As a seasonal water park, it operates from May to September, providing diverse experiences for families and thrill-seekers alike.

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Six Flags Entertainment Corporation (NYSE: SIX) announced a postponement of its first quarter 2022 financial results release, shifting from May 2, 2022, to May 12, 2022. The delay is attributed to unforeseen challenges in completing the fiscal quarter-end closing process due to the implementation of a new enterprise resource planning (ERP) system. However, the company assured that this change does not materially impact operations, and the new release date complies with the statutory reporting period for the 10-Q filing. An investor conference call is scheduled for 7:00 a.m. Central Time on the release date.

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Six Flags Entertainment Corporation (NYSE:SIX) is seeking 15,000 employees for its National Hiring Week from April 23 to May 1. The company highlights competitive wages, exclusive benefits, and growth opportunities. Recognized as one of the Nation’s Best and Brightest Companies to Work For, Six Flags offers diverse roles from food service to maintenance. Benefits include paid internships, discounts, and flexible scheduling. Interested applicants can apply online at SixFlagsJobs.com.

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Six Flags Entertainment Corporation (NYSE: SIX) will release its first quarter financial results on May 2, 2022, before market opening. 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. With 27 parks across the U.S., Mexico, and Canada, Six Flags remains the largest regional theme park and waterpark operator in North America, celebrating over 60 years of family entertainment.

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Six Flags Great America, in collaboration with Warner Bros. Themed Entertainment, is set to unveil the DC UNIVERSE, a newly themed section of the park, opening on April 15. This area features three exciting attractions: THE FLASH: Vertical Velocity, AQUAMAN Splashdown, and DC Super-Villains Swing, along with park staples like BATMAN The Ride. Guests can enjoy new dining options, including Steelworks Pub, and a three-tiered Pass Program designed to enhance visitor experiences. The addition aims to provide immersive entertainment themed around iconic DC characters.

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Six Flags Entertainment Corporation (NYSE: SIX) announced the resignation of Sandeep Reddy, CFO, effective March 27, 2022. Stephen Purtell, currently Senior VP, will take over as interim CFO. Reddy's leadership has been crucial in positioning the company for post-pandemic growth. The Board will begin searching for a permanent CFO immediately. Six Flags operates 27 parks across the U.S., Mexico, and Canada, known for their thrilling rides and waterparks, and aims to create an inclusive environment for guests and staff.

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Six Flags Entertainment Corporation (NYSE: SIX) reported fourth quarter 2021 attendance of 6 million guests and revenues of $317 million, compared to 6.1 million guests in Q4 2019. The company faced a net loss of $2 million but achieved an improved Adjusted EBITDA of $95 million. For the full year, attendance dropped to 28 million guests, down 5 million from 2019, with total revenue at $1.497 billion. While guest spending per capita increased, overall attendance decline and restrictions due to the pandemic affected results. The company noted a liquidity of $797 million as of January 2, 2022.

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Six Flags Entertainment Corporation (NYSE: SIX) will announce its fourth quarter and full year financial results on February 24, 2022, before market open. An investor conference call is scheduled for 7:00 a.m. Central Time, accessible via the Six Flags Investor Relations website or by phone. Six Flags, a leader in the theme park industry with 27 parks across North America, has entertained millions with its attractions for 60 years. For more details, visit www.sixflags.com.

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Selim Bassoul has been appointed as the new CEO and President of Six Flags Entertainment Corporation, replacing Michael Spanos, who stepped down after two years. This transition is expected to lead Six Flags into a new era of growth, leveraging Bassoul's extensive experience from his tenure at Middleby Corporation, where he significantly increased revenue and market capitalization. Ben Baldanza has been named the new Non-Executive Chairman. The board anticipates strong performance in Q4 2022, building on improved attendance trends.

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FAQ

What is the current stock price of Six Flags Entmt (SIX)?

The current stock price of Six Flags Entmt (SIX) is $32 as of July 11, 2024.

What is the market cap of Six Flags Entmt (SIX)?

The market cap of Six Flags Entmt (SIX) is approximately 2.7B.
Six Flags Entmt Corp

NYSE:SIX

SIX Rankings

SIX Stock Data

2.70B
82.78M
1.14%
103.29%
5.06%
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