IMAX Q3 2024 Earnings Summary - Strong Industry Recovery In Progress!

IMAX Q3 2024 Earnings Summary - Strong Industry Recovery In Progress! On October 30, 2024 IMAX Corporation (NYSE: IMAX) reported solid financial results for the third quarter of 2024, demonstrating the value of its unique global entertainment platform and broad content portfolio.
IMAX Corporation Reports Third Quarter 2024 Earnings Results:
* IMAX Global entertainment platform delivers Net Income of $14 million (+16% YoY), EPS(1) of 26 cents (+18% YoY), and Cash from Operations of $35 million (+23% YoY)
* Strong profitability highlighted by Total Adjusted EBITDA(2) of $39 million at a 42% margin; and Adjusted EPS(1)(2) of 35 cents, matching a third quarter record
* IMAX Network growth accelerates as IMAX expects to deliver on high-end of full-year installation guidance, with 49 system installs (+63% YoY) worldwide in Q3
* IMAX Sales activity robust as system signings climb to 119 to-date — outpacing 129 signings for full-year 2023
* Strong, diverse year-end film slate including “Gladiator II,” “Wicked,” “Moana 2,” and “Mufasa: The Lion King” poised to drive momentum heading into 2025
* IMAX expects to deliver record of more than $1.2 billion in global box office in 2025 as promising slate solidifies
#TonyDenaro #IMAX #IMAXQ32024

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DISCLAIMER: Content, strategies and opinions on this channel are for entertainment purposes only. These are Tony's opinions, not specific investment or legal advice for you. Always do your own due diligence, read company filings and financial statements and seek a duly licensed professional for investment, tax or legal advice. Past performance is not a predictor of future results. This is not personalized but rather general educational and informational material.