Monarch Casino reports Q1 EPS $1.05, consensus $1.00

Reports Q1 revenue $125.39M, consensus $122.7M. The company said, “Monarch delivered strong financial results in the first quarter. Net revenue increased 3.1% year-over-year to a first quarter record of $125.4 million, and Adjusted EBITDA increased 6.7% year-over-year to a record $41.1 million. Our first quarter operating margin improved 110 basis points over the prior year same period to a first quarter record of 32.8%. The first quarter financial performance underscores the effectiveness of our operating strategies and our ability to drive sustained growth. We continue to focus on implementing new technologies and processes across the properties to further elevate operating efficiencies and guest satisfaction.”