International Speedway Corp. Narrows 2018 Outlook - Quick Facts

(RTTNews) - International Speedway Corp. (ISCA, ISCB.OB) narrowed its 2018 non-GAAP guidance within previously announced guidance. For fiscal 2018; the company now expects: revenue of $675.0 million to $680.0 million; and earnings per share: $1.90 to $1.95. The guidance for adjusted EBITDA is to range between $235.0 million to $240.0 million, which includes between $25.0 million and $26.0 million in cash distributions received from investment in the Hollywood Casino and approximately $1.5 million related to ONE DAYTONA.

For the third-quarter, non-GAAP net income was $11.6 million, or $0.26 per diluted share, as compared to $2.9 million, or $0.06 per diluted share, prior year. Total revenues for the three months ended August 31, 2018 were approximately $159.3 million, compared to revenues of approximately $131.9 million for the same period in fiscal 2017.