Boyd Gaming (NYSE: BYD) posts Q2 2026 profit of $131.2M amid flat revenue

Rhea-AI Filing Summary

Boyd Gaming Corporation reported second‑quarter 2026 revenue of $1.03 billion, essentially unchanged from the second quarter of 2025. Net income attributable to Boyd Gaming was $131.2 million, or $1.75 per diluted share, down from $151.5 million, or $1.84 per share, a year earlier. Total Adjusted EBITDAR was $350.5 million versus $357.9 million, while Adjusted earnings were $144.4 million, or $1.93 per diluted share, compared with $154.2 million, or $1.87 per share.

Midwest & South operations generated revenue and Adjusted EBITDAR growth, supported by increased play and recent capital investments, and the Managed business also grew. Las Vegas Locals and Downtown Las Vegas were affected by softer destination business and construction disruption, although certain Las Vegas Locals properties achieved property margins exceeding 50%. Online results reflected growth in the company’s online casino business and steady contributions from third‑party market access agreements.

The company returned more than $170 million to shareholders in the quarter through a $0.20 per‑share cash dividend and $156 million of share repurchases, leaving $551 million available under its repurchase authorization. As of June 30 2026, cash on hand was $322.7 million and total debt was $2.6 billion.

Positive

• None.

Negative

• Net income declined to $131.2 million from $151.5 million year‑over‑year, alongside lower operating income and Adjusted EBITDAR, indicating weaker profitability despite flat revenue.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Q2 2026 Revenue: $1.03 billion Q2 2026 Net Income: $131.2 million Q2 2026 Diluted EPS: $1.75 +6 more

9 metrics

Q2 2026 Revenue $1.03 billion Total revenues for the second quarter ended June 30, 2026

Q2 2026 Net Income $131.2 million Net income attributable to Boyd Gaming for Q2 2026

Q2 2026 Diluted EPS $1.75 Diluted net income per common share for the quarter

Q2 2026 Adjusted EBITDAR $350.5 million Total Adjusted EBITDAR for the second quarter of 2026

Q2 2026 Adjusted EPS, diluted $1.93 Adjusted earnings per diluted share for Q2 2026

Quarterly dividend per share $0.20 Cash dividend paid on July 15, 2026

Q2 2026 share repurchases $156 million Common stock repurchased during the second quarter of 2026

Cash on hand $322.7 million Cash balance as of June 30, 2026

Total debt $2.6 billion Total debt outstanding as of June 30, 2026

Key Terms

Adjusted EBITDAR, Adjusted EBITDA, master lease rent expense, share-based compensation expense, +2 more

6 terms

Adjusted EBITDAR financial

"Results for the quarter, on a comparable basis, reflect both revenue and Adjusted EBITDAR growth"

Adjusted EBITDAR is a company’s reported profit measure that starts with operating earnings and then adds back interest, taxes, depreciation, amortization and rent, plus any one‑time items companies exclude. It aims to show how much cash a business generates from its core operations before the costs of financing, non‑cash accounting charges and property leases, like comparing two stores’ underlying sales by ignoring rent and loan payments. Investors use it to compare operating performance across firms and assess ability to cover fixed obligations, but companies may calculate it differently, so comparisons require caution.

Adjusted EBITDA financial

"Adjusted EBITDA | | | 321,612 | | | | 329,420"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

master lease rent expense financial

"Master lease rent expense (a) | | | 28,856"

share-based compensation expense financial

"Share-based compensation expense | | | 12,817"

Share-based compensation expense is the accounting cost a company records when it pays employees or executives with stock, stock options, or other equity instead of cash. It matters to investors because it reduces reported profits and can dilute existing owners’ stake over time — like a bakery paying workers with slices of cake instead of money, leaving fewer slices for original owners and changing each slice’s value.

Non-GAAP Measures financial

"Our financial presentations include the following non-GAAP financial measures Collectively, we refer to these and other non-GAAP financial measures as the “Non-GAAP Measures.”"

Financial results that companies present using formulas or adjustments different from standard accounting rules (GAAP) to highlight what management considers the business’s ongoing performance. Investors care because these figures can make trends or profitability look clearer—like showing a car’s fuel efficiency after removing unusual trips—but they can also hide one‑time costs or aggressive assumptions, so comparing them with GAAP numbers helps judge reliability.

forward-looking statements regulatory

"This press release contains forward-looking statements within the meaning of Section 27A"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Earnings Snapshot

Revenue: $1.03 billion

quarter ended June 30, 2026

Revenue $1.03 billion in-line with second-quarter 2025 revenue of $1.03 billion

Net income attributable to Boyd Gaming $131.2 million down from $151.5 million in the second quarter of 2025

Diluted EPS $1.75 down from $1.84 a year earlier

Adjusted EBITDAR $350.5 million down from $357.9 million in the second quarter of 2025

Adjusted earnings $144.4 million down from $154.2 million in the second quarter of 2025

Adjusted EPS, diluted $1.93 up from $1.87 in the second quarter of 2025

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Understanding 8-K Material Events →

Available on EDGAR 07/23/2026 - 04:06 PM Accepted by SEC EDGAR 07/23/2026 - 04:06 PM Learn about SEC filing dates

FAQ

What were Boyd Gaming (BYD)'s revenues in the second quarter of 2026?

Boyd Gaming reported second‑quarter 2026 revenue of $1.03 billion, essentially in line with the second quarter of 2025. Segment revenues were led by Midwest & South at $556.9 million and Las Vegas Locals at $225.9 million.

How much net income and EPS did Boyd Gaming (BYD) report for Q2 2026?

Boyd Gaming generated net income attributable to the company of $131.2 million in Q2 2026, or $1.75 per diluted share. This compares with $151.5 million, or $1.84 per diluted share, in the same quarter of 2025.

How did Boyd Gaming (BYD)'s Adjusted EBITDAR perform in Q2 2026?

Total Adjusted EBITDAR was $350.5 million in the second quarter of 2026, compared with $357.9 million in the prior‑year quarter. Adjusted EBITDA, after master lease rent expense, was $321.6 million versus $329.4 million a year earlier.

What capital did Boyd Gaming (BYD) return to shareholders in Q2 2026?

Boyd Gaming returned more than $170 million to shareholders in Q2 2026, including a $0.20 per‑share cash dividend paid July 15, 2026, and $156 million of common‑stock repurchases, with $551 million remaining under its repurchase authorization.

What was Boyd Gaming (BYD)'s cash and debt position as of June 30, 2026?

As of June 30, 2026, Boyd Gaming held $322.7 million in cash on hand and had total debt of $2.6 billion. These figures frame the company’s leverage and liquidity alongside its ongoing capital return program.

How did Boyd Gaming (BYD)'s business segments perform in Q2 2026?

In Q2 2026, Midwest & South delivered revenue and Adjusted EBITDAR growth, while Las Vegas Locals and Downtown Las Vegas were pressured by softer destination business and construction disruption. The Online and Managed segments showed growth from online casino activity and higher Sky River Casino fees.

false 0000906553 0000906553 2026-07-23 2026-07-23

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

____________________________________________________________________

FORM 8-K

____________________________________________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (date of earliest event reported): July 23, 2026

____________________________________________________________________

Boyd Gaming Corporation

(Exact Name of Registrant as Specified in its Charter)

____________________________________________________________________

Nevada		001-12882		88-0242733
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification Number)

6465 South Rainbow Boulevard

Las Vegas, Nevada 89118

(Address of Principal Executive Offices, Including Zip Code)

(702) 792-7200

(Registrant’s Telephone Number, Including Area Code)

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common stock, $0.01 par value	BYD	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 2.02.     Results of Operations and Financial Condition.

On July 23, 2026, Boyd Gaming Corporation issued a press release announcing its financial results for the second quarter ended June 30, 2026. A copy of the press release is furnished hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01.     Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number		Description
99.1		Press Release, dated July 23, 2026
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:	July 23, 2026	Boyd Gaming Corporation
	By:	/s/ Lori M. Nelson
		Lori M. Nelson
		Senior Vice President Financial Operations and Reporting and Chief Accounting Officer

Exhibit 99.1

BOYD GAMING REPORTS SECOND-QUARTER 2026 RESULTS

LAS VEGAS – JULY 23, 2026 – Boyd Gaming Corporation (NYSE: BYD) today reported financial results for the second quarter ended June 30, 2026.  

Keith Smith, President and Chief Executive Officer of Boyd Gaming, said: “Our second-quarter results demonstrated the benefits of our diversified business model, with strong performances from our Midwest & South operations, Online segment and Managed business.  Results for the quarter, on a comparable basis, reflect both revenue and Adjusted EBITDAR growth, with property operating margins of 40%, a level we have consistently delivered over the last several years. This performance was supported by strength in play from both our core and retail customers across the portfolio, as well as contributions from our recent capital investments. We also returned substantial capital to our shareholders, with more than $170 million in dividends and share repurchases during the second quarter. With our strong balance sheet, efficient operating model and robust free cash flow, our Company is well-positioned to continue creating long-term shareholder value.”

Boyd Gaming reported second-quarter 2026 revenues of $1.03 billion, in-line with the second quarter of 2025. The Company reported net income of $131.2 million, or $1.75 per share, for the second quarter of 2026, compared to $151.5 million, or $1.84 per share, for the year-ago period. Total Adjusted EBITDAR⁽¹⁾ was $350.5 million in the second quarter of 2026 versus $357.9 million in the second quarter of 2025. Adjusted Earnings⁽¹⁾ for the second quarter of 2026 were $144.4 million, or $1.93 per share, compared to $154.2 million, or $1.87 per share, for the same period in 2025. 

^{(1) See footnotes at the end of the release for additional information relative to non-GAAP financial measures.}

1

Operations Review

Our Midwest & South operations once again delivered revenue and Adjusted EBITDAR growth during the quarter, driven by increased play from our core and retail customers, as well as contributions from recent capital investments across the segment.  While results in the Las Vegas Locals segment were impacted by continued softness in destination business, primarily at the Orleans, and ongoing construction disruption at the Suncoast, the remainder of the segment grew revenues and Adjusted EBITDAR over the prior year, with property margins exceeding 50%. In our Downtown Las Vegas segment, play from both our core and Hawaiian customers was consistent with recent quarters; however, results continued to be impacted by ongoing softness in destination business throughout the downtown area.

Results in our Online segment reflected growth from the Company’s online casino gaming business, as well as contributions from third-party market access agreements consistent with the last several quarters. Strong revenue and Adjusted EBITDAR growth in our Managed business was driven by increased management fees from Sky River Casino following its recently completed expansion.

Dividend and Share Repurchase Update

Boyd Gaming paid a quarterly cash dividend of $0.20 per share on July 15, 2026, as previously announced.

As part of its ongoing share repurchase program, the Company repurchased $156 million in shares of its common stock during the second quarter of 2026. The Company had $551 million remaining under its current share repurchase authorization as of June 30, 2026.

Balance Sheet Statistics

As of June 30, 2026, Boyd Gaming had cash on hand of $322.7 million, and total debt of $2.6 billion. 

Conference Call Information

Boyd Gaming will host a conference call to discuss its second-quarter 2026 results today, July 23, at 5:00 p.m. Eastern.  The conference call number is (800) 836-8184. No passcode is required to join the call.  Please call up to 15 minutes in advance to ensure you are connected prior to the start of the call. 

The conference call will also be available online at https://investors.boydgaming.com or https://app.webinar.net/gBE9RqpOV3y.

Following the call’s completion, a replay will be available by dialing (888) 660-6345 today, July 23, and continuing through Thursday, July 30.  The passcode for the replay will be 62234#.  The replay will also be available at https://investors.boydgaming.com.

2

BOYD GAMING CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

		Three Months Ended								Six Months Ended
		June 30,								June 30,
(In thousands, except per share data)		2026				2025				2026				2025
Revenues
Gaming		$	683,289			$	671,455			$	1,333,790			$	1,310,148
Food & beverage			77,702				78,167				153,472				152,325
Room			50,413				51,453				96,360				98,841
Online			31,825				39,139				58,073				79,107
Online reimbursements			126,357				133,912				261,804				263,517
Management fee			28,481				23,775				54,702				48,921
Other			36,319				36,097				73,540				72,704
Total revenues			1,034,386				1,033,998				2,031,741				2,025,563
Operating costs and expenses
Gaming			267,630				259,554				522,479				505,677
Food & beverage			66,980				65,633				131,895				128,970
Room			19,801				19,492				38,973				38,489
Online			20,992				16,183				38,662				32,608
Online reimbursements			126,357				133,912				261,804				263,517
Other			12,467				12,149				25,672				24,940
Selling, general and administrative			110,882				110,065				220,867				217,911
Master lease rent expense (a)			28,856				28,442				57,440				56,602
Maintenance and utilities			38,515				37,322				74,258				74,047
Depreciation and amortization			91,101				69,985				186,090				138,208
Corporate expense			33,243				35,365				70,027				65,316
Project development, preopening and writedowns			15,356				2,764				35,624				1,242
Impairment of assets			—				—				—				32,272
Other operating items, net			1,508				762				3,260				3,507
Total operating costs and expenses			833,688				791,628				1,667,051				1,583,306
Operating income			200,698				242,370				364,690				442,257
Other expense (income)
Interest income			(1,282	)			(1,263	)			(3,147	)			(2,071	)
Interest expense, net of amounts capitalized			31,423				50,569				59,874				99,006
Loss on early extinguishments and modifications of debt			—				—				391				—
Other, net			(3	)			(48	)			4				59
Total other expense, net			30,138				49,258				57,122				96,994
Income before income taxes			170,560				193,112				307,568				345,263
Income tax provision			(40,637	)			(42,758	)			(73,352	)			(84,027	)
Net income			129,923				150,354				234,216				261,236
Net loss attributable to noncontrolling interest			1,311				1,104				2,560				1,641
Net income attributable to Boyd Gaming		$	131,234			$	151,458			$	236,776			$	262,877
Basic net income per common share		$	1.75			$	1.84			$	3.12			$	3.14
Weighted average basic shares outstanding			74,817				82,289				75,787				83,696
Diluted net income per common share		$	1.75			$	1.84			$	3.12			$	3.14
Weighted average diluted shares outstanding			74,817				82,303				75,791				83,712

__________________________________________

(a) Rent expense incurred by those properties subject to a master lease with a real estate investment trust.

3

BOYD GAMING CORPORATION

SUPPLEMENTAL INFORMATION

Reconciliation of Adjusted EBITDA to Net Income Attributable to Boyd Gaming

(Unaudited)

		Three Months Ended								Six Months Ended
		June 30,								June 30,
(In thousands)		2026				2025				2026				2025
Total Revenues by Segment
Las Vegas Locals		$	225,898			$	229,091			$	443,002			$	451,890
Downtown Las Vegas			52,112				55,253				107,050				112,540
Midwest & South			556,890				540,077				1,081,983				1,044,664
Online			158,182				173,051				319,877				342,624
Managed & Other			41,304				36,526				79,829				73,845
Total revenues		$	1,034,386			$	1,033,998			$	2,031,741			$	2,025,563
Adjusted EBITDAR by Segment
Las Vegas Locals		$	106,416			$	112,714			$	206,378			$	219,261
Downtown Las Vegas			16,905				19,405				35,805				40,328
Midwest & South			208,748				201,401				401,389				384,623
Online			10,590				22,244				18,946				45,550
Managed & Other			30,692				25,963				59,108				53,282
Corporate expense, net of share-based compensation expense (a)			(22,883	)			(23,865	)			(53,743	)			(47,665	)
Adjusted EBITDAR			350,468				357,862				667,883				695,379
Master lease rent expense (b)			(28,856	)			(28,442	)			(57,440	)			(56,602	)
Adjusted EBITDA			321,612				329,420				610,443				638,777
Other operating costs and expenses
Deferred rent			132				147				264				294
Depreciation and amortization			91,101				69,985				186,090				138,208
Share-based compensation expense			12,817				13,392				20,515				20,997
Project development, preopening and writedowns			15,356				2,764				35,624				1,242
Impairment of assets			—				—				—				32,272
Other operating items, net			1,508				762				3,260				3,507
Total other operating costs and expenses			120,914				87,050				245,753				196,520
Operating income			200,698				242,370				364,690				442,257
Other expense (income)
Interest income			(1,282	)			(1,263	)			(3,147	)			(2,071	)
Interest expense, net of amounts capitalized			31,423				50,569				59,874				99,006
Loss on early extinguishments and modifications of debt			—				—				391				—
Other, net			(3	)			(48	)			4				59
Total other expense, net			30,138				49,258				57,122				96,994
Income before income taxes			170,560				193,112				307,568				345,263
Income tax provision			(40,637	)			(42,758	)			(73,352	)			(84,027	)
Net income			129,923				150,354				234,216				261,236
Net loss attributable to noncontrolling interest			1,311				1,104				2,560				1,641
Net income attributable to Boyd Gaming		$	131,234			$	151,458			$	236,776			$	262,877

__________________________________________

(a) Reconciliation of corporate expense:

		Three Months Ended								Six Months Ended
		June 30,								June 30,
(In thousands)		2026				2025				2026				2025
Corporate expense as reported on Condensed Consolidated Statements of Operations		$	33,243			$	35,365			$	70,027			$	65,316
Corporate share-based compensation expense			(10,360	)			(11,500	)			(16,284	)			(17,651	)
Corporate expense, net, as reported on the above table		$	22,883			$	23,865			$	53,743			$	47,665

(b) Rent expense incurred by those properties subject to a master lease with a real estate investment trust.

4

BOYD GAMING CORPORATION

SUPPLEMENTAL INFORMATION

Reconciliations of Net Income attributable to Boyd Gaming to Adjusted Earnings

and Net Income Per Share to Adjusted Earnings Per Share 

(Unaudited)

		Three Months Ended								Six Months Ended
		June 30,								June 30,
(In thousands, except per share data)		2026				2025				2026				2025
Net income attributable to Boyd Gaming		$	131,234			$	151,458			$	236,776			$	262,877
Pretax adjustments:
Project development, preopening and writedowns			15,356				2,764				35,624				1,242
Impairment of assets			—				—				—				32,272
Other operating items, net			1,508				762				3,260				3,507
Loss on early extinguishments and modifications of debt			—				—				391				—
Other, net			(3	)			(48	)			4				59
Total adjustments			16,861				3,478				39,279				37,080
Income tax effect for above adjustments			(3,663	)			(779	)			(8,531	)			(8,072	)
Adjusted earnings		$	144,432			$	154,157			$	267,524			$	291,885
Net income per share, diluted		$	1.75			$	1.84			$	3.12			$	3.14
Pretax adjustments:
Project development, preopening and writedowns			0.21				0.03				0.47				0.02
Impairment of assets			—				—				—				0.39
Other operating items, net			0.02				0.01				0.04				0.04
Loss on early extinguishments and modifications of debt			—				—				0.01				—
Other, net			—				—				—				—
Total adjustments			0.23				0.04				0.52				0.45
Income tax effect for above adjustments			(0.05	)			(0.01	)			(0.11	)			(0.10	)
Adjusted earnings per share, diluted		$	1.93			$	1.87			$	3.53			$	3.49
Weighted average diluted shares outstanding			74,817				82,303				75,791				83,712

5

Non-GAAP Financial Measures

Our financial presentations include the following non-GAAP financial measures:

● EBITDA: earnings before interest, taxes, depreciation and amortization,

● Adjusted EBITDA: EBITDA adjusted for deferred rent, share-based compensation expense, project development, preopening and writedowns expense, impairments of assets, other operating items, net, gain or loss on early extinguishments and modifications of debt, net income (loss) attributable to noncontrolling interest and other items, net, as applicable,

● EBITDAR: EBITDA further adjusted for rent expense associated with master leases with a real estate investment trust,

● Adjusted EBITDAR: Adjusted EBITDA further adjusted for rent expense associated with master leases with a real estate investment trust,

● Adjusted Earnings: net income before project development, preopening and writedowns expense, impairments of assets, other operating items, net, gain or loss on early extinguishments and modifications of debt, net income (loss) attributable to noncontrolling interest, and other non-recurring adjustments, net, as applicable, and,

● Adjusted Earnings Per Share (Adjusted EPS): Adjusted Earnings divided by weighted average diluted shares outstanding.

Collectively, we refer to these and other non-GAAP financial measures as the “Non-GAAP Measures.” 

The Non-GAAP Measures are commonly used measures of performance in our industry that we believe, when considered with measures calculated in accordance with accounting principles generally accepted in the United States (GAAP), provide our investors with a more complete understanding of our operating results and facilitates comparisons between us and our competitors. We provide this information to investors to enable them to perform comparisons of our past, present and future operating results and as a means to evaluate the results of core on-going operations. We have historically reported these measures to our investors and believe that the continued inclusion of the Non-GAAP Measures provides consistency in our financial reporting. We also believe this information is useful to investors in allowing greater transparency related to significant measures used by our management in their financial and operational decision-making, their evaluation of total company and individual property performance, in the evaluation of incentive compensation and in the annual budget process. Management also uses Non-GAAP Measures in the evaluation of potential acquisitions and dispositions. We believe these measures continue to be used by investors in their assessment of our operating performance and the valuation of our company.

The use of Non-GAAP Measures has certain limitations. Our presentation of the Non-GAAP Measures may be different from the presentation used by other companies and therefore comparability may be limited. While excluded from certain of the Non-GAAP Measures, depreciation and amortization expense, interest expense, income taxes and other items have been and will be incurred. Each of these items should also be considered in the overall evaluation of our results. Additionally, the Non-GAAP Measures do not consider capital expenditures and other investing activities and should not be considered as a measure of our liquidity. We compensate for these limitations by providing the relevant disclosure of our depreciation and amortization, interest and income taxes, capital expenditures and other items both in our reconciliations to the historical GAAP financial measures and in our consolidated financial statements, all of which should be considered when evaluating our performance. We do not provide a reconciliation of forward-looking Non-GAAP Measures to the corresponding forward-looking GAAP measure due to our inability to project special charges and certain expenses.

The Non-GAAP Measures are to be used in addition to and in conjunction with results presented in accordance with GAAP. The Non-GAAP Measures should not be considered as an alternative to net income, operating income, or any other operating performance measure prescribed by GAAP, nor should these measures be relied upon to the exclusion of GAAP financial measures. The Non-GAAP Measures reflect additional ways of viewing our operations that we believe, when viewed with our GAAP results and the reconciliations to the corresponding historical GAAP financial measures, provide a more complete understanding of factors and trends affecting our business than could be obtained absent this disclosure. Management strongly encourages investors to review our financial information in its entirety and not to rely on a single financial measure.

6

Forward-looking Statements and Company Information

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements contain words such as “may,” “will,” “might,” “expect,” “believe,” “anticipate,” “could,” “would,” “estimate,” “continue,” “pursue,” or the negative thereof or comparable terminology, and may include (without limitation) information regarding the Company's expectations, goals or intentions regarding future performance. These forward-looking statements are based on the current beliefs and expectations of management and involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Boyd Gaming’s ability to control or estimate precisely. Additional factors that could cause actual results to differ are discussed under the heading “Risk Factors” and in other sections of the Company's Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and in the Company's other current and periodic reports filed from time to time with the SEC. The reader is cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. All forward-looking statements in this press release are made as of the date hereof, based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statement.

About Boyd Gaming

Founded in 1975, Boyd Gaming Corporation (NYSE: BYD) is a leading geographically diversified operator of 27 gaming entertainment properties in 11 states. The Company also manages a tribal casino in northern California, and owns and operates Boyd Interactive, a B2B and B2C online casino gaming business. Boyd Gaming’s nationwide portfolio is connected through Boyd Rewards, recognized as the nation’s favorite casino loyalty program by readers of both USA Today and Newsweek.  Named by Forbes and Time magazines as one of “America’s Best Companies,” and led by one of the most experienced teams in the industry, Boyd Gaming is dedicated to delivering an outstanding entertainment experience and memorable guest service. For additional Company information and press releases, visit https://www.boydgaming.com.

	Financial Contact:		Media Contact:
	Josh Hirsberg		David Strow
	(702) 792-7234		(702) 792-7386
	joshhirsberg@boydgaming.com		davidstrow@boydgaming.com

7

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EXHIBIT 99.1 344.0 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.5 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 11.2 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 15.0 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.3 KB