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SeaWorld Entertainment Inc (SEAS.N)

SEAS.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Seaworld Entertainment Reports Qtrly Loss Per Share of $0.24
Tuesday, 27 Feb 2018 06:31am EST 

Feb 27 (Reuters) - Seaworld Entertainment Inc ::SEAWORLD ENTERTAINMENT, INC. REPORTS FOURTH QUARTER AND FISCAL 2017 RESULTS.Q4 REVENUE $265.5 MILLION.‍ON TRACK TO DELIVER $40 MILLION OF PREVIOUSLY ANNOUNCED NET COST SAVINGS BY YEAR-END 2018​.QTRLY LOSS PER SHARE $0.24.‍ON TRACK TO DELIVER AN ADDITIONAL $25 MILLION OF PREVIOUSLY ANNOUNCED COST SAVINGS FOR 2018​.SEAWORLD - YTD 2018 TRENDS ARE POSITIVE COMPARED TO PRIOR YEAR PERIOD WITH RISE IN SEASON PASS SALES & TOTAL ATTENDANCE.SEAWORLD ENTERTAINMENT - PLAN TO ADDRESS WEAKNESS FROM CO'S INTERNATIONAL AND U.S. DOMESTIC GUESTS WITH 2018 SALES AND MARKETING INITIATIVES.Q4 EARNINGS PER SHARE VIEW $-0.19, REVENUE VIEW $260.7 MILLION -- THOMSON REUTERS I/B/E/S.IMPLEMENTING NEW PRICING AND TICKETING STRATEGIES COMBINED WITH NEW SALES AND MARKETING INITIATIVES.  Full Article

Seaworld Entertainment Names John Reilly As Interim CEO
Tuesday, 27 Feb 2018 06:30am EST 

Feb 27 (Reuters) - Seaworld Entertainment Inc ::SEAWORLD ENTERTAINMENT, INC. ANNOUNCES LEADERSHIP TRANSITION PLAN.SEAWORLD ENTERTAINMENT INC - JOHN T. REILLY NAMED INTERIM CEO OF SEAWORLD ENTERTAINMENT INC.SEAWORLD ENTERTAINMENT INC - YOSHIKAZU MARUYAMA BECOMES INTERIM EXECUTIVE CHAIRMAN.SEAWORLD ENTERTAINMENT INC - UNDER PLAN, CURRENT CHIEF PARKS OPERATIONS OFFICER, REILLY, HAS BECOME INTERIM CEO SUCCEEDING JOEL MANBY.SEAWORLD ENTERTAINMENT INC - MARUYAMA WILL RESUME HIS POSITION AS CHAIRMAN WHEN ‍A PERMANENT CEO IS APPOINTED.SEAWORLD ENTERTAINMENT INC - ‍LEADERSHIP CHANGES ARE EFFECTIVE IMMEDIATELY​.  Full Article

SeaWorld Entertainment reports Q3 earnings per share $0.64
Tuesday, 7 Nov 2017 06:45am EST 

Nov 7 (Reuters) - SeaWorld Entertainment Inc :SeaWorld Entertainment, Inc. reports third quarter and nine months 2017 results.Q3 earnings per share $0.64.Q3 revenue $437.7 million versus I/B/E/S view $451.2 million.Q3 earnings per share view $0.81 -- Thomson Reuters I/B/E/S.SeaWorld Entertainment Inc - ‍Attendance in Q3 of 2017 declined by approximately 732,000 guests compared to prior year Q3​.SeaWorld Entertainment Inc - ‍Expects to achieve its targeted $40 million in net cost savings by end of 2018​.SeaWorld Entertainment Inc - ‍Has also identified an additional $25.0 million in cost savings opportunities​.SeaWorld Entertainment Inc - ‍Has narrowed its 2017 adjusted EBITDA guidance range to $280 million to $295 million​.SeaWorld Entertainment Inc - ‍Less than 15% of company's expected 2017 attendance remaining in November and December​.SeaWorld Entertainment- ‍Qtrly attendance adversely impacted by decline in U.S. domestic, international attendance, effects of hurricanes Irma & Harvey​.SeaWorld Entertainment Inc - ‍SeaWorld San Diego was further impacted by a decline in attendance from Southern California market in quarter​.SeaWorld Entertainment - ‍Expects to deploy majority of cost savings from restructuring into marketing and advertising initiatives in 2018.  Full Article

Seaworld Entertainment ‍implements restructuring program
Wednesday, 18 Oct 2017 04:48pm EDT 

Oct 18 (Reuters) - Seaworld Entertainment Inc :Seaworld Entertainment - ‍implemented restructuring program.Seaworld Entertainment - co had previously announced in August 2017 that it was identifying an additional $25.0 million in potential gross cost savings​.Seaworld Entertainment- ‍restructuring program involves elimination of about 350 positions by end of Q4 2017 across certain of co's theme parks, headquarters​.Seaworld Entertainment Inc - ‍ as restructuring program, co expects to record approximately $5.1 million in pre-tax restructuring charges in Q3 of 2017​.Seaworld Entertainment Inc - ‍restructuring charges relate to severance and other expenses incurred in connection with restructuring program​.Seaworld Entertainment- ‍for Q3 2017 and for nine month period ended September 30, 2017, the restructuring charges will reduce co's reported earnings​.Seaworld Entertainment- ‍ for Q3 2017, for nine month period ended September 30, 2017, the restructuring charges will not impact co's adjusted EBITDA​.  Full Article

Merlin Entertainments says not talking to SeaWorld about a deal
Wednesday, 11 Oct 2017 06:57am EDT 

Oct 11 (Reuters) - MERLIN ENTERTAINMENTS PLC ::MERLIN ENTERTAINMENTS STATEMENT REGARDING SEAWORLD.CONFIRM THAT MERLIN IS NOT INVOLVED IN ANY DISCUSSIONS THAT MIGHT LEAD TO ACQUISITION OF SEAWORLD OR ITS CONSTITUENT PARTS - SPOKESPERSON.  Full Article

Seaworld Entertainment announces new chairman and new lead independent director
Wednesday, 13 Sep 2017 04:17pm EDT 

Sept 13 (Reuters) - Seaworld Entertainment Inc :Seaworld Entertainment, Inc. announces new chairman and new lead independent director.Says Ellen O. Tauscher resigned from the board.Seaworld Entertainment Inc - ‍elected Yoshikazu Maruyama as chairman, succeeding David F. D'alessandro effective October 9​.Seaworld Entertainment Inc - ‍Company has also elected Donald C. Robinson as lead independent director, effective October 9​.Seaworld Entertainment Inc - Mr. D'alessandro, Judith A. Mchale, and Ellen O. Tauscher will step down from board of directors, effective October 9, 2017.  Full Article

SeaWorld Entertainment says SeaWorld Orlando to remain closed Sunday, Monday for Hurricane Irma- tweet
Friday, 8 Sep 2017 03:33pm EDT 

Sept 8 (Reuters) - :SeaWorld Entertainment Inc says SeaWorld Olando closing Sturday at 5 PM; will remain closed Sunday & Monday for Hurricane Irma - tweet.  Full Article

SeaWorld Entertainment names Marc Swanson as CFO
Monday, 7 Aug 2017 06:50am EDT 

Aug 7 (Reuters) - SeaWorld Entertainment Inc :SeaWorld Entertainment names Marc G. Swanson chief financial officer.SeaWorld Entertainment Inc - Announced appointment of Elizabeth C. Gulacsy as chief accounting officer, replacing Swanson​.SeaWorld Entertainment - ‍appointment of Marc Swanson as CFO effective immediately, he had been serving in position on interim basis since Aug 1, 2017​.  Full Article

Seaworld Entertainment names Marc Swanson interim CFO
Tuesday, 1 Aug 2017 04:15pm EDT 

Aug 1 (Reuters) - Seaworld Entertainment Inc :Seaworld Entertainment names Marc Swanson interim chief financial officer.Seaworld Entertainment Inc - ‍Swanson succeeds Peter Crage​.Seaworld Entertainment Inc - ‍Swanson has served as Seaworld's chief accounting officer since 2012​.  Full Article

Seaworld Entertainment says committee unanimously recommended that board reject chairman david d'alessandro's offered immediate resignation
Friday, 23 Jun 2017 05:37pm EDT 

June 23 (Reuters) - Seaworld Entertainment Inc : :Seaworld entertainment says on June 22, committee unanimously recommended that board reject chairman David D'alessandro's offered immediate resignation.Seaworld Entertainment says disinterested members of board thereafter unanimously resolved to reject D'alessandro's immediate resignation .Seaworld Entertainment Inc - disinterested members of board agreed with D'alessandro's that he will step down on December 31, 2017.Seaworld Entertainment Inc - in June 2017, co received a subpoena in connection with an investigation by U.S. DOJ.Seaworld Entertainment-U.S. DOJ subpoena concerning disclosures, public statements made by co, certain executives and/or individuals on/before August 2014.Seaworld Entertainment Inc- on June 16, board of directors formed special committee comprised of independent directors with respect to DOJ inquiries.Seaworld Entertainment- received subpoenas from staff of U.S. Sec in connection with matters including those regarding impact of "blackfish" documentary, others.  Full Article