Full House Resorts' Q4 Earnings Top Estimates

Full House Resorts Inc FLL reported fourth-quarter FY21 sales growth of 13.1% year-on-year, to $43.3 million, beating the consensus of $43.28 million.
Revenue from Casino rose 14.8% Y/Y to $31.2 million; Food & beverage grew 29.8% to $6.7 million, and Hotel climbed 10.3% to $2.4 million.
Selling, general and administrative expenses increased 36.7% to $16.7 million.
The operating margin was 12.8%, and operating income for the quarter fell 27.8% to $5.5 million.
Adjusted EBITDA for the quarter was $7.9 million versus $9.8 million last year.
EPS of $0.14 beat the analyst consensus of $0.08.
The company held $265.3 million in cash and equivalents as of December 31, 2021.
"While our permanent American Place facility in Waukegan, Illinois, will require approximately three years to construct, we expect to introduce American Place to the area's residents much sooner – this upcoming summer – via The Temporary," said CEO Daniel R. Lee.
Price Action: FLL shares closed higher by 3.29% at $8.16 on Tuesday.

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