Imax reports Q2 adjusted EPS 18c, consensus 7c

Reports Q2 revenue $89M, consensus $76.01M. “With the strikes – and the lingering effects of the pandemic – firmly behind us, we are in an excellent position to fully realize the benefits of our strong, asset-lite business model,” said Rich Gelfond, CEO. “Q2 offered strong evidence that we are at in inflection point in our business; we are on a tear with system sales activity, our system installations are up significantly, and the slate through 2026 is as strong as we’ve ever seen. Several signs across our financial and operating performance in the second quarter underscore our building momentum – we beat consensus across most metrics, generated strong cash flow, delivered our most quarterly signings for IMAX systems in six years, and expect to install a higher number of IMAX systems in 2024 over the year prior…”