Nucor earnings beat by $0.08, revenue fell short of estimates
LEAWOOD, Kansas - AMC Entertainment Holdings, Inc. (NYSE:AMC) saw its stock rise 4% after reporting fourth quarter results that were in line with analyst expectations. The movie theater chain posted revenue growth and improved profitability compared to the prior year period.
AMC reported adjusted earnings per share of -$0.18 for Q4, matching the analyst consensus estimate. Revenue came in at $1.31 billion, slightly above the $1.3 billion analysts were expecting and up 18.3% from $1.1 billion in Q4 2023.
The company’s attendance rose 20.2% year-over-year to 62.4 million guests in Q4, which AMC said was a post-pandemic record for the fourth quarter. Food and beverage revenue per patron hit an all-time Q4 high of $7.15.
"AMC delivered record fourth quarter results, closing out 2024 on a strong note," said CEO Adam Aron. "Our fourth quarter revenue grew over 18% compared to 2023, and AMC’s Adjusted EBITDA more than tripled from $47.9 million in the fourth quarter of 2023 to $164.8 million in the fourth quarter of 2024."
The company generated $203.6 million in cash from operations and $113.9 million in free cash flow during Q4, its highest quarterly cash flow since the pandemic.
For the full year 2024, AMC reported revenue of $4.64 billion, down 3.6% YoY. The company reduced its debt by over $375 million in 2024 and ended the year with $632.3 million in cash.
Looking ahead, Aron said AMC expects "material growth in the industry-wide box office" in 2025 and beyond. The company plans to expand its premium large format and special purpose screens to capitalize on the anticipated growth.
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