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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:


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:


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:


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.


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.


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