Six Flags Announces Fifth Consecutive Year of Record-Breaking Revenues
Six Flags announced the fifth consecutive year of record-breaking revenues this week.
The regional theme park operator listed $1.2 billion in revenue for 2014, a six percent increase from 2013.
Chairman president and CEO of Six Flags Entertainment Jim Reid-Anderson said the success could be measured in more areas than monetary in a press release from the company.
"Guest satisfaction scores have reached another all-time high and employee morale is better than ever. We are extremely well-positioned as we enter the 2015 season with a 25 percent gain in our Active Pass Base, and we remain laser-focused on delivering our next long-term financial target of $600 million of Modified EBITDA by 2017."
Six Flags reported more than 25 million guests visited the parks in 2014, a four percent decrease. Six Flags cited extended school calendars as reasoning for the dip in attendance.
Shareholders received $184 million in dividends, or $1.93 per share, reported the company.
Six Flags stock closed at $47.60 on Thursday, up $1.29. The stock has increased steadily since 2010, according to the New York Stock Exchange.