This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Regal Entertainment Group Reports Results For Fourth Quarter 2013 And Increases Quarterly Dividend

Stocks in this article: RGC

Regal Entertainment Group (NYSE: RGC), a leading motion picture exhibitor owning and operating the largest theatre circuit in the United States, today announced fiscal fourth quarter 2013 results.

Total revenues for the fourth quarter ended December 26, 2013 were $739.9 million compared to total revenues of $721.4 million for the fourth quarter ended December 27, 2012 (1). Net income attributable to controlling interest was $24.0 million in the fourth quarter of 2013 compared to $36.3 million in the fourth quarter of 2012 (1). Diluted earnings per share was $0.15 for the fourth quarter of 2013 compared to $0.23 during the fourth quarter of 2012 (1). Adjusted diluted earnings per share (2) was $0.17 for the fourth quarter of 2013 compared to $0.27 during the fourth quarter of 2012 (1). Adjusted EBITDA (3) was $125.8 million for the fourth quarter of 2013 and $150.6 million for the fourth quarter of 2012 (1). Reconciliations of non-GAAP financial measures are provided in the financial schedules accompanying this press release.

“We are pleased to report that a healthy box office environment combined with the impact of our recent acquisitions enabled us to generate record total revenue and Adjusted EBITDA for the second consecutive year,” stated Amy Miles, CEO of Regal Entertainment Group. “The increase in our recurring quarterly dividend to $0.22 per share illustrates our confidence in the Company’s ability to generate significant free cash flow and our commitment to returning value to stockholders,” Miles continued.

Regal’s Board of Directors also today declared a cash dividend of $0.22 per Class A and Class B common share, payable on March 14, 2014, to stockholders of record on March 4, 2014. The Company intends to pay a regular quarterly dividend for the foreseeable future at the discretion of the Board of Directors depending on available cash, anticipated cash needs, overall financial condition, loan agreement restrictions, future prospects for earnings and cash flows as well as other relevant factors.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,678.70 +6.10 0.03%
S&P 500 2,057.09 +5.27 0.26%
NASDAQ 4,771.7630 +13.8840 0.29%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs