Earnings release
Page 1
Financial Contact : Josh Hirsberg ( 702 ) 792-7234 BOYDGAMING joshhirsberg@boydgaming.com Media Contact : David Strow ( 702 ) 792-7386 Exhibit 99.1 davidstrow@boydgaming.com BOYD GAMING REPORTS THIRD - QUARTER 2021 RESULTS Strong Revenue Growth , Margin Expansion Drive Record Third- Quarter Adjusted EBITDAR Performances Across All Operating Segments Board of Directors Authorizes $ 300 Million Share Repurchase Program LAS VEGAS - OCTOBER 26 , 2021 - Boyd Gaming Corporation ( NYSE : BYD ) today reported financial results for the third quarter ended September 30 , 2021 . Keith Smith , President and Chief Executive Officer of Boyd Gaming , said : “ Since reopening our properties last year , we have made fundamental changes to our operating philosophy -- sharpening our focus on building loyalty with core customers while executing our business at a much higher level of efficiency . These changes have resulted in five consecutive quarters of strong performance , including record third - quarter results this year . Continued growth in visitation and spending among our core customers , combined with our more efficient operating model , resulted in a third - quarter Companywide revenue record , EBITDAR growth of more than 42 % , and a nearly 400 - basis - point improvement in operating margins . As the pandemic recedes , restrictions are lifted and additional guests return to our properties nationwide , we are confident in our ability to drive continued revenue and EBITDAR growth throughout our business . ” Smith continued : “ Based on our robust free cash flow , strong balance sheet and opportunities for continued growth , our Board of Directors has authorized a $ 300 million share repurchase program . This