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SeaWorld Entertainment Inc (SEAS.N)

SEAS.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

SeaWorld Entertainment reports Q3 earnings per share $0.64
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - SeaWorld Entertainment Inc :SeaWorld Entertainment, Inc. reports third quarter and nine months 2017 results.Q3 earnings per share $0.64.Q3 revenue $437.7 million versus I/B/E/S view $451.2 million.Q3 earnings per share view $0.81 -- Thomson Reuters I/B/E/S.SeaWorld Entertainment Inc - ‍Attendance in Q3 of 2017 declined by approximately 732,000 guests compared to prior year Q3​.SeaWorld Entertainment Inc - ‍Expects to achieve its targeted $40 million in net cost savings by end of 2018​.SeaWorld Entertainment Inc - ‍Has also identified an additional $25.0 million in cost savings opportunities​.SeaWorld Entertainment Inc - ‍Has narrowed its 2017 adjusted EBITDA guidance range to $280 million to $295 million​.SeaWorld Entertainment Inc - ‍Less than 15% of company's expected 2017 attendance remaining in November and December​.SeaWorld Entertainment- ‍Qtrly attendance adversely impacted by decline in U.S. domestic, international attendance, effects of hurricanes Irma & Harvey​.SeaWorld Entertainment Inc - ‍SeaWorld San Diego was further impacted by a decline in attendance from Southern California market in quarter​.SeaWorld Entertainment - ‍Expects to deploy majority of cost savings from restructuring into marketing and advertising initiatives in 2018.  Full Article

Seaworld Entertainment ‍implements restructuring program
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Seaworld Entertainment Inc :Seaworld Entertainment - ‍implemented restructuring program.Seaworld Entertainment - co had previously announced in August 2017 that it was identifying an additional $25.0 million in potential gross cost savings​.Seaworld Entertainment- ‍restructuring program involves elimination of about 350 positions by end of Q4 2017 across certain of co's theme parks, headquarters​.Seaworld Entertainment Inc - ‍ as restructuring program, co expects to record approximately $5.1 million in pre-tax restructuring charges in Q3 of 2017​.Seaworld Entertainment Inc - ‍restructuring charges relate to severance and other expenses incurred in connection with restructuring program​.Seaworld Entertainment- ‍for Q3 2017 and for nine month period ended September 30, 2017, the restructuring charges will reduce co's reported earnings​.Seaworld Entertainment- ‍ for Q3 2017, for nine month period ended September 30, 2017, the restructuring charges will not impact co's adjusted EBITDA​.  Full Article

Merlin Entertainments says not talking to SeaWorld about a deal
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - MERLIN ENTERTAINMENTS PLC ::MERLIN ENTERTAINMENTS STATEMENT REGARDING SEAWORLD.CONFIRM THAT MERLIN IS NOT INVOLVED IN ANY DISCUSSIONS THAT MIGHT LEAD TO ACQUISITION OF SEAWORLD OR ITS CONSTITUENT PARTS - SPOKESPERSON.  Full Article

SeaWorld Entertainment reports Q2 loss per share $2.05
Tuesday, 8 Aug 2017 

Aug 8 (Reuters) - SeaWorld Entertainment Inc :SeaWorld Entertainment Inc reports second quarter and first half 2017 results.Q2 loss per share $2.05.Q2 revenue $373.8 million versus I/B/E/S view $394.4 million.Q2 earnings per share view $0.32 -- Thomson Reuters I/B/E/S.SeaWorld Entertainment Inc - ‍Expects adjusted EBITDA for 2017 to be in range of $280 million to $310 million​.SeaWorld Entertainment Inc - ‍expects to achieve its targeted $40 million in net cost savings by end of 2018​.SeaWorld Entertainment Inc - ‍expects to achieve targeted $40 million in net cost savings by end of 2018, is identifying additional areas for cost reduction​.SeaWorld Entertainment - ‍Decline in U.S. Domestic attendance was primarily driven by reduced national advertising, competitive pressures​ in quarter.SeaWorld Entertainment - 'Identifying an additional $25 million in potential savings, which we believe could be saved outright or reinvested in our marketing efforts".SeaWorld Entertainment - Co believes Seaworld San Diego was further impacted by "Public perception issues".SeaWorld Entertainment - Company is also relaunching reputation campaign and increasing its marketing efforts particularly in its California markets.SeaWorld Entertainment Inc - ‍Net loss for Q2 of 2017 includes a non-cash goodwill impairment charge of $269.3 million​.  Full Article

SeaWorld adopts food sourcing policy that focuses on animal welfare
Thursday, 29 Sep 2016 

SeaWorld Parks & Entertainemnt: SeaWorld adopts food sourcing policy that focuses on animal welfare . All eggs will be sourced from cage-free chickens by end of 2017 . Sourcing policy will mean sustainably harvested food at all 12 parks, including SeaWorld, Busch Gardens, Sesame Place . Company is expanding park menus to include more plant-based options .By end of 2016, will purchase pork cuts from suppliers who have announced a commitment to "humane farming practices".  Full Article

Seaworld entertainment Inc reported Q2 EPS $0.21
Thursday, 4 Aug 2016 

Seaworld Entertainment Inc : Seaworld Entertainment Inc reports first half 2016 results . Q2 adjusted earnings per share $0.21 . Q2 revenue $371.1 million versus i/b/e/s view $374.8 million . Q2 earnings per share view $0.21 -- Thomson Reuters I/B/E/S . Q2 attendance was down 494,000 guests due to a decline in attendance at company's Florida park locations . July monthly total attendance was up 4% year-over-year on a comparable basis .Seaworld Entertainment Inc sees adjusted EBITDA for 2016 to be in range of $310 million to $340 million.  Full Article

SeaWorld Entertainment declared a cash dividend of $0.21/shr
Wednesday, 8 Jun 2016 

SeaWorld Entertainment Inc :Declared a cash dividend of $0.21 per share of common stock.  Full Article

SeaWorld Entertainment Inc gives FY 2016 EBITDA guidance
Thursday, 5 May 2016 

SeaWorld Entertainment Inc:Expects FY 2016 adjusted EBITDA in the range of $335 million to $365 million.  Full Article

Captive orca Lolita can stay at Miami aquarium -US appeals court

Jan 12 A federal appeals court on Friday rejected efforts by animal rights advocates to force the Miami Seaquarium in Florida to release Lolita, a killer whale it has held in captivity for nearly half a century.