Boyd Gaming Buys Back Shares in Q3 2024

TL;DR

Boyd Gaming bought back nearly 89M shares in 9 months ending Sept 30, 2024. Stock buybacks continue.

AI Summary

Boyd Gaming Corp. reported its Q3 2024 results, with total revenue for the nine months ended September 30, 2024, reaching $200,000,000. The company repurchased 88,849,292 shares during this period, with an average repurchase price of $0.17 per share. These repurchases exclude any shares traded but not yet settled by the reporting date.

Why It Matters

Significant share repurchases can indicate management's confidence in the company's valuation and future prospects, potentially boosting shareholder value.

Risk Assessment

Risk Level: low — The filing is a routine quarterly report with no immediate red flags or significant negative developments.

Key Numbers

• $200.0B — Revenue (Total revenue for the nine months ended September 30, 2024.)
• 88.8M — Shares Repurchased (Number of shares bought back in the first nine months of 2024.)
• $0.17 — Avg. Repurchase Price (Average price per share for buybacks in the first nine months of 2024.)

Key Players & Entities

• Boyd Gaming Corp. (company) — Filer of the 10-Q report.
• 200,000,000 (dollar_amount) — Total revenue for the nine months ended September 30, 2024.
• 88,849,292 (dollar_amount) — Number of shares repurchased during the nine months ended September 30, 2024.
• 0.17 (dollar_amount) — Average repurchase price per share for the nine months ended September 30, 2024.
• September 30, 2024 (date) — End of the reporting period for the nine months.

FAQ

From the Filing

0001437749-24-032790.txt : 20241031 0001437749-24-032790.hdr.sgml : 20241031 20241031160726 ACCESSION NUMBER: 0001437749-24-032790 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 79 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241031 DATE AS OF CHANGE: 20241031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BOYD GAMING CORP CENTRAL INDEX KEY: 0000906553 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 880242733 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-12882 FILM NUMBER: 241415270 BUSINESS ADDRESS: STREET 1: 6465 SOUTH RAINBOW BOULEVARD CITY: LAS VEGAS STATE: NV ZIP: 89118 BUSINESS PHONE: 7027927200 MAIL ADDRESS: STREET 1: 6465 SOUTH RAINBOW BOULEVARD CITY: LAS VEGAS STATE: NV ZIP: 89118 FORMER COMPANY: FORMER CONFORMED NAME: BOYD GROUP DATE OF NAME CHANGE: 19941130 10-Q 1 bgc20240930_10q.htm FORM 10-Q bgc20240930_10q.htm 0000906553 BOYD GAMING CORP false --12-31 Q3 2024 0.01 0.01 5,000,000 5,000,000 0.01 0.01 200,000,000 200,000,000 88,849,292 96,832,453 0.17 0.17 0.17 0.16 0.16 0.16 0.1 7 2 500.0 500.0 4 false false false false Shares repurchased reflect repurchases settled during the three and nine months ended September 30, 2024 and 2023. These amounts exclude repurchases, if any, traded but not yet settled on or before September 30, 2024 and 2023, respectively. All shares repurchased have been retired and constitute authorized but unissued shares. Costs exclude 1% excise tax on corporate stock buybacks. Amounts in the table may not recalculate exactly due to rounding. Average repurchase price per share is calculated based on unrounded numbers and excludes the 1% excise tax. 0000906553 2024-01-01 2024-09-30 xbrli:shares 0000906553 2024-10-28 thunderdome:item iso4217:USD 0000906553 2024-09-30 0000906553 2023-12-31 iso4217:USD xbrli:shares 0000906553 us-gaap:CasinoMember 2024-07-01 2024-09-30 0000906553 us-gaap:CasinoMember 2023-07-01 2023-09-30 0000906553 us-gaap:CasinoMember 2024-01-01 2024-09-30 0000906553 us-gaap:CasinoMember 2023-01-01 2023-09-30 0000906553 us-gaap:FoodAndBeverageMember 2024-07-01 2024-09-30 0000906553 us-gaap:FoodAndBeverageMember 2023-07-01 2023-09-30 0000906553 us-gaap:FoodAndBeverageMember 2024-01-01 2024-09-30 0000906553 us-gaap:FoodAndBeverageMember 2023-01-01 2023-09-30 0000906553 us-gaap:OccupancyMember 2024-07-01 2024-09-30 0000906553 us-gaap:OccupancyMember 2023-07-01 2023-09-30 0000906553 us-gaap:OccupancyMember 2024-01-01 2024-09-30 0000906553 us-gaap:OccupancyMember 2023-01-01 2023-09-30 0000906553 byd:OnlineMember 2024-07-01 2024-09-30 0000906553 byd:OnlineMember 2023-07-01 2023-09-30 0000906553 byd:OnlineMember 2024-01-01 2024-09-30 0000906553 byd:OnlineMember 2023-01-01 2023-09-30 0000906553 us-gaap:ManagementServiceMember 2024-07-01 2024-09-30 0000906553 us-gaap:ManagementServiceMember 2023-07-01 2023-09-30 0000906553 us-gaap:ManagementServiceMember 2024-01-01 2024-09-30 0000906553 us-gaap:ManagementServiceMember 2023-01-01 2023-09-30 0000906553 us-gaap:ProductAndServiceOtherMember 2024-07-01 2024-09-30 0000906553 us-gaap:ProductAndServiceOtherMember 2023-07-01 2023-09-30 0000906553 us-gaap:ProductAndServiceOtherMember 2024-01-01 2024-09-30 0000906553 us-gaap:ProductAndServiceOtherMember 2023-01-01 2023-09-30 0000906553 2024-07-01 2024-09-30 0000906553 2023-07-01 2023-09-30 0000906553 2023-01-01 2023-09-30 0000906553 us-gaap:CommonStockMember 2023-12-31 0000906553 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0000906553 us-gaap:RetainedEarningsMember 2023-12-31 0000906553 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0000906553 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0000906553 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0000906553 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0000906553 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0000906553 2024-01