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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 revenues of $66.7M, down 3.6%.The revenue figure exceeded the $63.4M that analysts projected. Imax’s adjusted earnings came in at 14 cents a share, which hits the Street’s target. The company says that it installed 17 new Imax systems in the quarter, down from 20 at the end of 2010. Gross box office for Imax films also fell 4.2% to $97.6M. “While we are disappointed that 2011 did not meet our financial objectives, in 2012 we believe we are positioning ourselves for both financial and strategic success through our continued focus on differentiation, executing on network growth, and creating a compelling film slate,” CEO Richard Gelfond says.

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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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‘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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IMAX Says 2Q Box Office Grosses Up 37%

By NIKKI FINKE, Editor in Chief | Wednesday July 7, 2010 @ 10:07am PDTTags: IMAX, IMAX Box Office, IMAX Corportation, IMAX Finance, Theaters

imax screenTORONTO AND LOS ANGELES – JULY 7, 2010 – IMAX Corporation today announced that for the second quarter ended June 30, 2010, IMAX DMR® gross box office worldwide was approximately $115.0 million, an approximate 37% increase over last year’s second quarter box office of approximately $84.2 million. For the six months ended June 30, 2010, gross box office

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