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IMAX Q2 Earnings Soar, Largely In Line With Expectations

By DAVID LIEBERMAN, Executive Editor | Thursday July 26, 2012 @ 4:24am PDTTags: IMAX Earnings

It’s been a year since IMAX shares tumbled following a big earnings miss. That shouldn’t happen this time. The company has a better story to tell and has already previewed much of the news for Q2, including the improvement in box office sales. This morning it reports Q2 net earnings of $11.1M, up from $1.8M in the period last year, on revenues of $70.2M, +23%. The revenue figure was slightly shy of the $71.6M that analysts expected. And earnings, at 21 cents a share, are just a penny short of the consensus forecast. The large screen theater company said that gross ticket sales for its movies — which it shares with exhibition companies — came to $173.5M, up from $107.7M last year. Average box office per screen was $341,900, +8.3%. IMAX reported film revenues of $26.5M, +42.7%. The company says that 25 films will be released in its theaters this year, about the same as in 2011. But IMAX is primarily in the business of building and operating large screen venues. On that score, the company says it has new deals that will keep it busy: IMAX increased the number of scheduled installations this year to 110 from its previous forecast of anywhere from 95 to 100. Investors have been concerned that IMAX’s growth might be stunted as several major theater chains build their own large-screen venues. But CEO Richard Gelfond says: “We are still in the early stages of our network expansion, having recently increased the estimated number of worldwide IMAX zones by 10% to 1,700 theaters.” Meanwhile, he adds, “we are also reinvesting in our brand and technology to even further differentiate the IMAX platform.”

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IMAX Q4 Earnings Hurt By Soft Box Office But Match Expectations

By DAVID LIEBERMAN, Executive Editor | Thursday February 23, 2012 @ 4:51am PSTTags: IMAX Earnings, IMAX Finance

Not much to crow about in Q4 aside from the nice business Imax did with Paramount’s Mission:Impossible — Ghost Protocol. The large screen exhibition company generated net income of $6.3M in Q4, down 88.3% vs the period in 2010, on … Read More »

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IMAX Says Weak Canadian Dollar Hurt 3Q Earnings

By DAVID LIEBERMAN, Executive Editor | Thursday October 27, 2011 @ 4:56am PDTTags: CEO Richard Gelfond, IMAX, IMAX Corportation, IMAX Earnings, IMAX Finance, Mission: Impossible Ghost Protocol

The large-screen theater company says it generated $8.39M in net income for 3Q, up 24.6% vs the period last year, on revenues of $67.5M, up 32.2%. That translated into adjusted earnings of 16 cents a share, light of the … Read More »

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As Takeover Talk Hovers, IMAX Issues Year-End Results

By MIKE FLEMING JR | Monday January 3, 2011 @ 9:25am PSTTags: 3D Movies, IMAX, IMAX Box Office, IMAX Earnings, IMAX Sony Corporation, Movies
Mike Fleming

IMAX made news over the holidays when its stock jumped on speculative reports that Sony was angling to buy the company, though IMAX officially claimed not to know anything about it. Today, IMAX issued glowing year-end results.

TORONTO AND LOS ANGELES – JANUARY 3, 2011 – IMAX CORPORATION today

… Read More »

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‘Inception,’ Growth Bolster IMAX Earnings

By THE DEADLINE TEAM | Thursday October 28, 2010 @ 9:00am PDTTags: Harry Potter and the Deathly Hallows, IMAX, IMAX Earnings, IMAX Finance, Inception, Megamind, Movies, Theaters, Tron: Legacy

The company’s solid third quarter was driven mainly by aggressive expansion as the large-screen format chain signed up 100 new theaters. Revenue jumped to $51.1 million from $43.5 million in the same quarter last year, and earnings rose to $6.7 million … Read More »

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