Omri Marcus

Canterbury Park Holding Corporation Reports First Quarter Results

Retrieved on: 
Thursday, May 11, 2023
Steps, Insurance, Food, Table, Drink, George H. Doran Company, Bank statement, Omri Marcus, Greystone, COVID-19, Calendar, Tax, GAAP, Sale, EBITDA, Next Step Realty, Investment, Restaurant, Sport, Depreciation, Growth, Weather, Security (finance), Adjustment, Bar, Bank, Tourism, Dairy, Cryptocurrency, Bookkeeping, Swervo

Non-GAAP financial measures are not intended to be considered in isolation from, a substitute for, or superior to GAAP results.

Key Points: 
  • Non-GAAP financial measures are not intended to be considered in isolation from, a substitute for, or superior to GAAP results.
  • Doran Companies continues its development of Phase II of the upscale Triple Crown Residences at Canterbury Park, with occupancy for some of the units anticipated in January 2024.
  • Lifestyle Communities expects to begin construction of Artessa at Canterbury Park – a cooperative community featuring a 56-unit building with over 5,000 square feet of amenity spaces – in Fall 2023.
  • Adjusted EBITDA, a non-GAAP measure, decreased 30.0% year-over-year to $2.5 million in the 2023 first quarter, compared to $3.5 million in the 2022 first quarter.

Canterbury Park Holding Corporation Reports 2022 Second Quarter Results

Retrieved on: 
Thursday, August 11, 2022
U.S. Securities and Exchange Commission, Sport, SEC, Investment, Security (finance), Annual report, Adjustment, Marketing, EBITDA, Financial result, Employment, Food, City, Foodservice, Shakopee Mdewakanton Sioux Community, Industry, PUD, Sale, Sumathi Best Television Current Reporting Award, Federal City Council, Tax, Table, CPHC, City council, Income, COVID-19, Mission statement, Cooperative, Â, Pulte, Omri Marcus, Canterbury Road, Review, Calendar, Company, Depreciation, State, GAAP, Record, Bank, Online gambling, Renewable energy, Self storage, Lithium, Life insurance, Health insurance, Bookkeeping, Race track

We had a strong second quarter with revenue rising 12% to $17.8 million and adjusted EBITDA growing 1% to $3.6 million year-over-year, both of which were records for our second quarter, said Randy Sampson, President and Chief Executive Officer of Canterbury Park.

Key Points: 
  • We had a strong second quarter with revenue rising 12% to $17.8 million and adjusted EBITDA growing 1% to $3.6 million year-over-year, both of which were records for our second quarter, said Randy Sampson, President and Chief Executive Officer of Canterbury Park.
  • Canterbury Parks 65-day race meet began on May 18, 2022 and revenue in the second quarter benefitted from increased guest attendance at our live meet.
  • Work on a growing number of development projects at Canterbury Commons continued in the second quarter, including initial work on several new projects.
  • Canterbury Park Holding Corporation (Nasdaq: CPHC) owns and operates Canterbury Park Racetrack and Card Casino in Shakopee, Minnesota, the only thoroughbred and quarter horse racing facility in the State.

Canterbury Park Holding Corporation Reports Record First Quarter Results

Retrieved on: 
Thursday, May 12, 2022
U.S. Securities and Exchange Commission, Food, Financial result, Mission statement, City council, Architecture, Cooperative, GAAP, Shakopee Mdewakanton Sioux Community, George H. Doran Company, SEC, Annual report, Income, Depreciation, Pulte, Investment, COVID-19, Marketing, Community, City, ISOC, Calendar, Growth, Table, Company, EBITDA, State, Adjustment, Swervo, Partnership, Time, Omri Marcus, Canterbury Park, Security (finance), Engineering, Sport, Tax, Sumathi Best Television Current Reporting Award, Phase II, Canterbury Road, Industry, Negotiation, Sale, CPHC, Animal, Tourism, Video game, Online gambling, Race track

Financial results for the 2021 first quarter reflect the impact of the COVID-19 pandemic, including the state-mandated closure of Canterbury Park January 1, 2021 through January 10, 2021.

Key Points: 
  • Financial results for the 2021 first quarter reflect the impact of the COVID-19 pandemic, including the state-mandated closure of Canterbury Park January 1, 2021 through January 10, 2021.
  • Canterbury Parks record first quarter results highlight the underlying strength of our operations as we continue our post-pandemic recovery.
  • Momentum at Canterbury Commons was evident in the quarter as ongoing development continued and we attracted new real estate development partners.
  • Canterbury Park Holding Corporation (Nasdaq: CPHC) owns and operates Canterbury Park Racetrack and Card Casino in Shakopee, Minnesota, the only thoroughbred and quarter horse racing facility in the State.