Boyd Gaming reports Q4 adjusted EPS $1.66, consensus $1.47

Reports Q4 revenue $954.4M, consensus $930.47M. Keith Smith, President and Chief Executive Officer of Boyd Gaming, said: “The fourth quarter’s strong performance was a fitting conclusion to another record year for our Company. Our fourth-quarter and full-year results were driven by our diversified portfolio, consistent core customer trends and solid returns from our recent property investments. Our management teams continued to demonstrate their ability to efficiently manage the business, achieving property-level operating margins above 40% for both the fourth quarter and full year. And as part of our balanced approach to capital allocation, we returned more than $475M to our shareholders in 2023 while investing in our properties and maintaining the strongest balance sheet in our company’s history. Looking ahead, we remain confident in our ability to continue delivering profitable growth and creating long-term shareholder value.”