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National Cinemedia Hints That Q1 Profits Will Please Investors

By DAVID LIEBERMAN, Executive Editor | Monday April 22, 2013 @ 5:15am PDTTags: National CineMedia, National CineMedia Earnings

The movie theater ad sales company gave the head nod this morning as it disclosed its plan to take advantage of today’s low interest rates by repricing its debt. The release adds that the company “is comfortable with the upper end” of its cash flow projections. Stifel analyst Benjamin Mogil seized the opportunity this morning to raise his Q1 revenue estimate 4% to $78M and cash flow projection 12% to $28M. Company execs did their best last week at the CinemaCon confab in Las Vegas to reassure the Street that trends look promising for theater ads. The company “continues to build on its momentum from last year’s upfront presentation and benefits from being a part of the conversation as advertisers and ad agencies plan their media budgets for the upcoming year,” says Barclays’ Anthony DiClemente. “We also think the company is well-positioned to continue to gain market share as contracts come up.”

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National CineMedia Says Economy Depressed Q4 Ad Sales

By DAVID LIEBERMAN, Executive Editor | Thursday February 21, 2013 @ 2:26pm PSTTags: National CineMedia Earnings

The cinema ad sales company isn’t joining the exhibition industry’s celebration over the strong year-end box office. National CineMedia ended Q4 with a $0.5M net loss, down from a $6.7M profit in the period a year ago, on … Read More »

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National CineMedia Misses Q3 Earnings Forecasts And Lowers Year End Guidance

By DAVID LIEBERMAN, Executive Editor | Thursday November 1, 2012 @ 3:06pm PDTTags: National CineMedia Earnings

It’s a tough time for the company, which sells ads and produces special events for movie theaters. National CineMedia just reported consolidated net income for Q3 of $16.7M, -6% vs the period last year, on revenues of  $143.7M, … Read More »

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National CineMedia Introduces Dividend As Fiscal Q3 Results Slightly Beat Forecasts

By DAVID LIEBERMAN, Executive Editor | Thursday August 2, 2012 @ 3:08pm PDTTags: National CineMedia Earnings

Movie theater ad sales were up, but the Fathom Events business — which offers concerts and other alternative programming for exhibition companies — took a breather in the quarter that ended in June. Due to its debt refinancing efforts, National CineMedia ended the period with a $1.9M net loss, down from a $9M profit last year, on revenues of $110.1M, -3.4%. That revenue figure is a little ahead of the $108.5M analysts expected. Without the costs from the debt restructuring, earnings would have come in at 13 cents a share, a penny ahead of projections. National CineMedia says that it sold $101.3M in ads, +2.7%. That includes $10.2M in advertising beverage revenue from the exhibition chains that back it including AMC Entertainment, Cinemark, and Regal. But the gain in ad sales was offset by Fathom Events’ 42.9% drop in revenues to $8.8M. Management reaffirmed its forecast that the company will end the year with as much as $470M in revenue. It also unveiled a 22 cents a share dividend which it says it intends to pay “for the foreseeable future.” Read More »

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National CineMedia Reports Record Revenue For 3Q

By THE DEADLINE TEAM | Thursday November 3, 2011 @ 1:24pm PDTTags: Kurt Hall, National CineMedia, National CineMedia Earnings

National CineMedia, operator of the nation’s largest in-theater ad network, reported today after the closing bell that it grew revenue by 8.2% year-over-year to $136 million during the third quarter. That’s a quarterly record for the company, which saw its ad revenue jump 8% to $127.1 million; ad revenue is up 3.3% year to date. Net income for the quarter was $16.8 million, or 31 cents a share, compared with $11.8 million and 24 cents a share in 2010. Income for the year is up 40.9%. The company also said that it has authorized a 3Q cash dividend of 22 cents per share of common stock to be paid on December 1 and intends to pay a regular quarterly dividend for the foreseeable future. Read More »

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National CineMedia -18.6% After Weak Ad Sales Warning

By DAVID LIEBERMAN, Executive Editor | Friday October 14, 2011 @ 2:15pm PDTTags: National CineMedia, National CineMedia Earnings

National CineMedia took it on the chin as investors reacted to its announcement late yesterday that the softening economy will cause the theater ad sales firm to fall short of its 2011 earnings projections. The stock closed … Read More »

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National CineMedia Lowers 4Q Ad Sales Estimate Due to “Heightened Economic Uncertainty”

By DAVID LIEBERMAN, Executive Editor | Thursday October 13, 2011 @ 1:27pm PDTTags: National CineMedia, National CineMedia Earnings, National Cinemedia Kurt Hall

The numbers look bad. Instead of seeing 2011 revenues grow 8% to 10%, the projection in August, National CineMedia now says that it could end the year anywhere from -5.8% to +1.8%. Estimates for the key cash flow figure — Adjusted OIBDA (operating income before depreciation and amortization) — are even worse: … Read More »

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National CineMedia Trims Forecast But Appeases Investors With Dividend Increase

By DAVID LIEBERMAN, Executive Editor | Thursday August 4, 2011 @ 2:31pm PDTTags: Kurt Hall, National CineMedia, National CineMedia Earnings

National CineMedia’s 2Q results — basically in line with expectations — and the company’s decision to raise its dividend seemed to balance whatever disappointment investors may have felt about the slight trim executives made in their financial forecast for 2011. The … Read More »

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