Speedway Motorsports Inc (TRK) News

News: $TRK Sonic Financial Corporation Submits Non-Binding Proposal to Acquire Speedway Motorsports, Inc.

CONCORD, N.C., April 24, 2019 (GLOBE NEWSWIRE) -- Speedway Motorsports, Inc. (“SMI” or the “Company”) (NYSE: TRK) announced that on April 23, 2019, its Board of Directors (the “Board”) received a non-binding proposal from Sonic Financial Corporation...

Read the whole news https://marketwirenews.com/news-releases/sonic-financial-corporation-submits-non-binding-proposal-to-acquire-speedway-motorsports-inc--8048194.html

TRK ~~> UPDATED NUMBERS

Second Quarter Comparison

Total revenues of $165.8 million in 2018 compared to $170.0 million in 2017
Non-recurring benefit of state income tax law change of $1.1 million or $0.03 per diluted share in 2018
Impairment charge for goodwill of $1.1 million pre-tax, $698,000 after tax or $0.02 per diluted share in 2017
Net income of $31.9 million or $0.78 per diluted share in 2018 compared to $27.3 million or $0.67 per diluted share in 2017
Adjusted non-GAAP net income of $30.8 million or $0.75 per diluted share in 2018 compared to $28.0 million or $0.68 per diluted share in 2017


Year-to-Date Comparison

Total revenues of $240.2 million in 2018 compared to $246.5 million in 2017
Non-recurring benefit of state income tax law change of $1.1 million or $0.03 per diluted share in 2018
Accelerated depreciation and removal costs on retired assets aggregating $4.6 million pre-tax, $2.9 million after-tax or $0.07 per diluted share in 2017
Impairment charge for goodwill of $1.1 million pre-tax, $698,000 after tax or $0.02 per diluted share in 2017
Net income of $29.2 million or $0.71 per diluted share in 2018 compared to $25.4 million or $0.62 per diluted share in 2017
Adjusted non-GAAP net income of $28.1 million or $0.68 per diluted share in 2018 compared to $29.0 million or $0.71 per diluted share in 2017

TRK ~~> http://investors.speedwaymotorsports.com/news/news-details/2018/Speedway-Motorsports-Reports-Results-for-the-Three-and-Six-Months-Ended-June-30-2018-and-Reaffirms-Full-Year-2018-Guidance/default.aspx

TRK: Speedway Motorsports, Inc. is a leading marketer, promoter and sponsor of motorsports entertainment in the United States. The Company, through its subsidiaries, owns and operates the following premier facilities: Atlanta Motor Speedway, Bristol Motor Speedway, Charlotte Motor Speedway, Kentucky Speedway, Las Vegas Motor Speedway, New Hampshire Motor Speedway, Sonoma Raceway, and Texas Motor Speedway. The Company provides souvenir merchandising services through its SMI Properties subsidiaries; manufactures and distributes smaller-scale, modified racing cars and parts through its U.S. Legend Cars International subsidiary; and produces and broadcasts syndicated motorsports programming to radio stations nationwide though its Performance Racing Network subsidiary.

TRK: Awesome website ~~> http://www.speedwaymotorsports.com

Speedway Motorsports, Inc. Announces Weather Guarantee

https://www.otcmarkets.com/stock/TRK/news/story?e&id=1148101

They also have a FAA treatment called Avblend...

I use there product called ZMAX. Great engine treatment...

They built the zmax dragway

Great stock.