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Six Flags plans new Texas rides, higher wages as it lures visitors and workers back to parks

Six Flags plans new Texas rides, higher wages as it lures visitors and workers back to parks
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Six Flags Entertainment Corporation (SIX) Q2 2021 Earnings Call Transcript

Operator
Good morning, ladies and gentlemen. Welcome to the Six Flags Second Quarter 2021 Earnings Conference Call. My name is Catherine, and I will be your operator for today s call. [Operator Instructions] After the speakers remarks, we will conduct a question-and-answer session. [Operator Instructions] Thank you.
I will now turn the call over to Steve Purtell, Senior Vice President, Investor Relations.
Stephen Purtell
Senior Vice-President, Investor Relations and Treasurer
Good morning, and welcome to our second quarter 2021 call. With me are Mike Spanos, President and CEO of Six Flags; and Sandeep Reddy, our Chief Financial Officer. We will begin the call with prepared comments and then open the call to your questions. Our comments will include forward-looking statements within the meaning of the federal securities laws. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those described in s ....

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Six Flags Announces Fourth Quarter and Full Year 2020 Performance

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In fourth quarter 2020, the company generated $109 million of revenue with attendance of 2.2 million guests, a net loss of $86 million, and an Adjusted EBITDA loss of $39 million. The net loss and Adjusted EBITDA loss include an increase in reserves of approximately $19 million. The total amount recorded reflects management’s estimate of the probable outcome of a legacy class action lawsuit. The Adjusted EBITDA calculation reflects an add-back adjustment of approximately $5 million of non-recurring costs related to the transformation plan, including $3 million of employee termination costs and $2 million of consulting costs.
The decrease in attendance was due to the temporary pandemic-related limitations on park operations at several of the company’s parks, and capacity restrictions at the parks that were open. Four parks provided drive-through or walk-through only experiences for the holiday season, and the company’s parks in Mexico were open for only a portion of ....

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Six Flags Entertainment Corp (SIX) Q4 2020 Earnings Call Transcript

Operator
Good morning, ladies and gentlemen, welcome to the Six Flags Q4 and Full Year 2020 Earnings Conference Call. My name is Catherine and I ll be your operator for today s call. [Operator Instructions]
I will now turn the call over to Steve Purtell, Senior Vice President, Investor Relations.
Stephen R. Purtell
Senior Vice President, Investor Relations, Treasury and Strategy
Good morning and welcome to our fourth quarter and full-year 2020 call. With me are Mike Spanos, President and CEO of Six Flags and Sandeep Reddy, our Chief Financial Officer. We will begin the call with prepared comments and then open the call to your questions. ....

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