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SeaWorld Entertainment Inc (SEAS.N)

SEAS.N on New York Stock Exchange

30.59USD
19 Sep 2018
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Latest Key Developments (Source: Significant Developments)

Seaworld Entertainment Says All 12 Of Its Theme Parks Have Removed All Single-Use Plastic Drinking Straws And Single-Use Plastic Shopping Bags
Friday, 8 Jun 2018 

June 8 (Reuters) - SeaWorld Entertainment Inc ::SEAWORLD ENTERTAINMENT INC - ALL 12 OF ITS THEME PARKS HAVE REMOVED ALL SINGLE-USE PLASTIC DRINKING STRAWS AND SINGLE-USE PLASTIC SHOPPING BAGS.  Full Article

Seaworld Entertainment On April 6, Co Got Written "Wells" Notice From U.S. SEC Recommending Civil Action/Administrative Proceeding Be Brought Against Co
Thursday, 12 Apr 2018 

April 12 (Reuters) - SeaWorld Entertainment Inc ::ON APRIL 6, CO GOT WRITTEN "WELLS" NOTICE FROM U.S. SEC RECOMMENDING CIVIL ACTION/ADMINISTRATIVE PROCEEDING BE BROUGHT AGAINST CO.SEAWORLD ENTERTAINMENT SAYS INTENDS TO RESPOND THROUGH A WELLS SUBMISSION TO SEC EXPLAINING WHY NO ACTION SHOULD BE COMMENCED AGAINST IT - SEC FILING.  Full Article

SeaWorld Entertainment Says Denise Godreau Is Leaving Her Position As The Chief Marketing Officer, Effective Immediately
Monday, 26 Mar 2018 

March 26 (Reuters) - SeaWorld Entertainment Inc ::SEAWORLD ENTERTAINMENT - DENISE GODREAU IS LEAVING HER POSITION AS THE CHIEF MARKETING OFFICER, EFFECTIVE IMMEDIATELY - SEC FILING.  Full Article

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

UPDATE 2-SeaWorld, ex-CEO settle SEC charges they hid 'Blackfish' impact

NEW YORK, Sept 18 SeaWorld Entertainment Inc and former Chief Executive James Atchison will pay more than $5 million to settle U.S. Securities and Exchange Commission charges that they misled investors about the negative impact of the documentary "Blackfish" on the company.