SKIS - Free Post Earnings Research Report: International Speedway's Revenues Grew 3.9%; EPS Climbed 31.0%

Stock Monitor: Peak Resorts Post Earnings Reporting

LONDON, UK / ACCESSWIRE / July 17, 2018 / If you want access to our free earnings report on International Speedway Corp. (NASDAQ: ISCA), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ISCA. The Company reported its financial results on July 05, 2018, for the second quarter of the fiscal year 2018 (Q2 FY18). The motorsports and entertainment Company surpassed analysts' estimates for revenues for Q2 FY18. Additionally, the Company reaffirmed its guidance for the full fiscal year 2018. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Peak Resorts, Inc. (NASDAQ: SKIS), which also belongs to the Services sector as the Company International Speedway. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=SKIS

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, International Speedway most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=ISCA

Earnings Highlights and Summary

For the second quarter ended May 31, 2018, International Speedway's total revenues advanced 3.9% to $171.7 million compared to $165.3 million in the second quarter of the fiscal year 2017. The Company's revenue numbers exceeded analysts' estimates of $169.3 million.

During Q2 FY18, International Speedway incurred total expenses of $154.4 million versus $146.9 million in Q2 FY17, increasing 5.2% on a y-o-y basis. The Company's operating income declined 6.3% to $17.3 million in the reported quarter compared to $18.4 million in the year ago same period.

For Q2 FY18, International Speedway reported non-GAAP earnings before interest, tax, depreciation, and amortization (EBITDA) of $50.8 million compared to $51.8 million in Q2 FY17.

For the reported quarter, International Speedway's net income grew 26.0% to $16.7 million compared to $13.2 million in the year ago corresponding period. The Company posted a non-GAAP net income of $16.4 million in Q2 FY18 compared to $13.6 million in Q2 FY17, increasing 20.9% on a y-o-y basis.

International Speedway's earnings per share (EPS) jumped 31.0% to $0.38 in the reported quarter versus $0.29 in the year ago comparable period. The Company's non-GAAP EPS surged 23.3% to $0.37 in Q2 FY18 compared to $0.30 in Q2 FY17, and were in-line with analysts' estimates.

Cash Matters

As of May 31, 2018, International Speedway's cash and cash equivalents stood at $327.1 million compared to $312.1 million as of May 31, 2017. The Company had a long-term debt of $255.3 million as of May 31, 2018, compared to $255.6 million as of November 30, 2017. For the six months ended May 31, 2018, the Company generated a cash inflow from operating activities of $141.5 million compared to $106.4 million in the six months ended May 31, 2017.

During the six months ended May 31, 2018, International Speedway repurchased its 156,241 shares at a weighted average share price of $41.08, for a total cost of approximately $6.4 million. At May 31, 2018, the Company had approximately $165.2 million of remaining repurchase authority under the current Stock Purchase Plan.

Outlook

For the full fiscal year 2018, International Speedway expects revenues to be between $680.0 million to $695.0 million. The Company anticipates operating margin to be in the band of 15.5% to 16.5%. For FY18, the Company projects diluted EPS to be in the range of $1.90 to $2.10 and adjusted EBITDA to be between $241.0 million to $252.0 million.

Stock Performance Snapshot

July 16, 2018 - At Monday's closing bell, International Speedway's stock slightly fell 0.56%, ending the trading session at $44.75.

Volume traded for the day: 99.31 thousand shares.

Stock performance in the last month — up 3.11%; previous three-month period — up 8.62%; past twelve-month period — up 33.58%; and year-to-date — up 12.30%

After yesterday's close, International Speedway's market cap was at $1.98 billion.

Price to Earnings (P/E) ratio was at 16.70.

The stock has a dividend yield of 1.05%.

The stock is part of the Services sector, categorized under the Sporting Activities industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors