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SeaWorld Entertainment Inc (SEAS.N)

SEAS.N on New York Stock Exchange

18.02USD
29 Mar 2017
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$-0.12 (-0.66%)
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Latest Key Developments (Source: Significant Developments)

Seaworld entertainment inc announces long-term investment by Zhonghong Group
Friday, 24 Mar 2017 06:45am EDT 

Seaworld Entertainment Inc : Seaworld Entertainment Inc announces long-term investment by zhonghong group . Seaworld - unit of Zhonghong will acquire about 21pct equity interest in Seaworld from certain funds affiliated with blackstone at $23.00 per share . Seaworld Entertainment Inc - upon closing of transaction, seaworld will increase size of its board to 11 . Seaworld Entertainment Inc - unit of Zhonghong Zhuoye Group Co Ltd. Will acquire an approximately 21pct equity interest in Seaworld . Seaworld Entertainment- following closing , blackstone and affiliates will no longer hold any interests in seaworld or have seats on board . Seaworld entertainment - zhonghong group executives yoshikazu maruyama and yongli wang will join seaworld board . Seaworld Entertainment - agreement contains certain restrictions on Zhonghong Group's ability to sell its interest in Seaworld for period of two years .Seaworld Entertainment-deal contains limitations on zhonghong's ability to acquire more than 24.9pct of shares without approval of independent directors.  Full Article

SeaWorld Entertainment reports Q4 revenue $267.6 million
Tuesday, 28 Feb 2017 06:45am EST 

SeaWorld Entertainment Inc : SeaWorld Entertainment, Inc. reports fourth quarter and full year 2016 results . Q4 loss per share $0.14 . Q4 revenue $267.6 million versus I/B/E/S view $268.5 million . Q4 earnings per share view $-0.11 -- Thomson Reuters I/B/E/S . SeaWorld Entertainment Inc - Total attendance for 2016 declined by approximately 471,000 guests, or 2.1% . SeaWorld Entertainment Inc - Attendance for Q4 was impacted by adverse weather primarily due to effects of Hurricane Matthew in October, among others .SeaWorld Entertainment - Currently exploring potential refinancing of existing senior secured credit facilities in order to "improve" capital structure.  Full Article

Seaworld Entertainment reports preliminary full year 2016 results
Tuesday, 21 Feb 2017 06:58am EST 

Seaworld Entertainment Inc : Seaworld Entertainment Inc reports preliminary full year 2016 results . Sees FY 2016 revenue $1.344 billion . Seaworld Entertainment Inc - total attendance was approximately 22.0 million guests in 2016 . Seaworld Entertainment Inc - expect to exceed high end of 2016 adjusted EBITDA guidance range provided in November 2016 . FY2016 revenue view $1.35 billion -- Thomson Reuters I/B/E/S .Seaworld Entertainment Inc - also exploring a possible debt refinancing transaction in order to improve capital structure.  Full Article

Seaworld entertainment implemented restructuring program
Tuesday, 6 Dec 2016 04:06pm EST 

Seaworld Entertainment Inc : On December 6, 2016, co committed to and implemented restructuring program to reduce costs . Seaworld Entertainment Inc says as a result, company expects to record approximately $9.0 million in pre-tax restructuring charges in Q4 of 2016 . Restructuring charges will reduce company's reported gaap net income for Q4 of 2016 . Seaworld Entertainment Inc says restructuring charges will not impact company's adjusted EBITDA .Seaworld Entertainment Inc - restructuring program involves elimination of approximately 320 positions by end of q4 of fiscal year 2016.  Full Article

SeaWorld adopts food sourcing policy that focuses on animal welfare
Thursday, 29 Sep 2016 11:48am EDT 

SeaWorld Parks & Entertainemnt: SeaWorld adopts food sourcing policy that focuses on animal welfare . All eggs will be sourced from cage-free chickens by end of 2017 . Sourcing policy will mean sustainably harvested food at all 12 parks, including SeaWorld, Busch Gardens, Sesame Place . Company is expanding park menus to include more plant-based options .By end of 2016, will purchase pork cuts from suppliers who have announced a commitment to "humane farming practices".  Full Article

Seaworld entertainment Inc reported Q2 EPS $0.21
Thursday, 4 Aug 2016 06:45am EDT 

Seaworld Entertainment Inc : Seaworld Entertainment Inc reports first half 2016 results . Q2 adjusted earnings per share $0.21 . Q2 revenue $371.1 million versus i/b/e/s view $374.8 million . Q2 earnings per share view $0.21 -- Thomson Reuters I/B/E/S . Q2 attendance was down 494,000 guests due to a decline in attendance at company's Florida park locations . July monthly total attendance was up 4% year-over-year on a comparable basis .Seaworld Entertainment Inc sees adjusted EBITDA for 2016 to be in range of $310 million to $340 million.  Full Article

SeaWorld Entertainment declared a cash dividend of $0.21/shr
Wednesday, 8 Jun 2016 04:15pm EDT 

SeaWorld Entertainment Inc :Declared a cash dividend of $0.21 per share of common stock.  Full Article

SeaWorld Entertainment Inc gives FY 2016 EBITDA guidance
Thursday, 5 May 2016 06:55am EDT 

SeaWorld Entertainment Inc:Expects FY 2016 adjusted EBITDA in the range of $335 million to $365 million.  Full Article

SeaWorld Entertainment Inc, California authorities reach settlement in safety cases - Reuters
Wednesday, 6 Jan 2016 09:13pm EST 

SeaWorld Entertainment Inc:SeaWorld SEAS.N and California regulators said on Wednesday they have reached a settlement over allegations that the marine park did not properly train its employees to interact with its famed killer whales - RTRS.Four citations, with combined possible fines of up to $25,770, were issued in April by the California Division of Occupational Safety and Health against the San Diego amusement park. - RTRS.SeaWorld trainers have not been in the water with the killer whales during shows since 2010, when a trainer at its Orlando, Florida, park was killed by an orca during a performance - RTRS.During training and medical care however, staff interact closely with the marine mammals and the citations claimed the park had ineffective training and measures for ensuring worker safety in the pools. - RTRS.One citation said SeaWorld also required staff to sign a confidentiality agreement that discouraged them from reporting hazards - RTRS.Once the settlement is approved, which Monterroza said was expected to occur at the department's next meeting on Jan. 21 - RTRS.trainers will no longer be allowed to swim under or ride on the killer whales in the medical pool, nor will they be able to stand on the animals except to get out of the tank. - RTRS.SeaWorld announced the pending settlement on its SeaWorldCares website on Wednesday, saying the resolution was based largely on their existing safety protocol. - RTRS.  Full Article

SeaWorld Entertainment, Inc. Announces Quarterly Dividend
Tuesday, 5 Jan 2016 04:15pm EST 

SeaWorld Entertainment, Inc:declared a cash dividend of $0.21 per share of common stock.The dividend is payable on January 22, 2016 to shareholders of record at the close of business on January 15, 2016.  Full Article

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China's Zhonghong Zhuoye to buy Blackstone's stake in SeaWorld

SeaWorld Entertainment Inc said China's Zhonghong Zhuoye Group Co Ltd would buy Blackstone Group LP's stake in the embattled U.S.-based marine park operator, sending SeaWorld's shares up 10 percent in morning trading on Friday.