Six Flags Entertainment Corporation, the world’s largest regional theme park company, announced today that first quarter 2013 revenue rose to a record high $88 million, representing a $21 million or 32 percent increase over prior year, or 38 percent increase after adjusting 2012 for $3 million of insurance proceeds concerning Hurricane Irene. The Adjusted EBITDA1 lack of $38 million for the primary three months of 2013 improved $12 million in comparison to prior year after adjusting for the insurance proceeds and the 2012 sale of the corporate’s minority interest in dcp2. For the twelve-month period ending March 31, 2013, Adjusted EBITDA reached $390 million while Modified EBITDA3 margin improved to 39.1 percent—both record highs for the company. “We delivered another record performance in attendance, revenue and cash flow as a...
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Six Flags Entertainment Corporation, the world’s largest regional theme park company, announced today that first quarter 2013 revenue rose to a record high $88 million, representing a $21 million or 32 percent increase over prior year, or 38 percent increase after adjusting 2012 for $3 million of insurance proceeds concerning Hurricane Irene. The Adjusted EBITDA1 lack of $38 million for the primary three months of 2013 improved $12 million in comparison with prior year after adjusting for the insurance proceeds and the 2012 sale of the corporate’s minority interest in dcp2. For the twelve-month period ending March 31, 2013, Adjusted EBITDA reached $390 million while Modified EBITDA3 margin improved to 39.1 percent—both record highs for the company. “We delivered another record performance in attendance, revenue and cash flow because of...
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