Six Flags Entertainment Q4 Adj. EBITDA Up 19% - Quick Facts

(RTTNews) - Six Flags Entertainment Corp. (SIX) reported fourth-quarter income from continuing operations of $12.76 million, compared to $155.18 million, prior year. Income per share from continuing operations to stockholders was $0.12, compared to $1.40, prior year. Earnings per share was $0.13 compared to $1.40. On a comparable basis, which includes adjusting 2012 for the $249 million valuation reserve reversal, earnings per share grew $1.00. Cash earnings per share was $0.15, for the quarter. On average, eight analysts polled by Thomson Reuters expected the company to reoprt a loss of $0.21 for the quarter. Analysts' estimates typically exclude special items.

In the fourth quarter 2013, Adjusted EBITDA improved $6 million or 19 percent to a record $36 million.

Total revenue increased to $154.19 million, from $143.92 million, prior year. Analysts expected revenue of $149.12 million for the quarter. The company said its revenue grew 7 percent primarily due to an 8 percent increase in admissions revenue and a 7 percent increase in in-park revenue.