reports
Alsco Widens Its Footprint with Speedway Motorsports in 2021
CHARLOTTE, N.C.--(BUSINESS WIRE)-- , a key partner of for several years, is increasing its profile with the company for the upcoming season. Highlighted by new race weekends in Las Vegas and Texas, Alsco will sponsor four race on the Speedway Motorsports calendar this year. “Alsco Uniforms is a global leader in uniform rental services and we couldn’t be prouder of its involvement with Speedway Motorsports,” said Speedway Motorsports Chief Sales Officer Kevin Camper. “From race sponsorship, fan amenities and employee uniforms, Alsco has been a first-class partner for several years and we ho...
Speedway Motorsports Receives 2019 President’s Veterans Recognition ...
Speedway Motorsports Receives 2019 President’s Veterans Recognition Award from Coca-Cola CHARLOTTE, N.C., Nov. 11, 2019 (GLOBE NEWSWIRE) -- In honor of its unwavering commitment to saluting the United States Armed Forces, Speedway Motorsports was named the recipient of the 2019 President’s Veterans Recognition Award from Coca-Cola. The prestigious award was presented at The Coca-Cola Company’s annual Veterans Day Celebration in Atlanta to Speedway Motorsports President and CEO Marcus Smith, who accepted the accolades on behalf of Speedway Motorsports’ eight world-class motorsports ente...
SONIC FINANCIAL CORPORATION PURCHASES SHARES IN TENDER OFFER FOR SPEED...
SONIC FINANCIAL CORPORATION PURCHASES SHARES IN TENDER OFFER FOR SPEEDWAY MOTORSPORTS, INC. CONCORD, N.C., Sept. 17, 2019 (GLOBE NEWSWIRE) -- Sonic Financial Corporation (“Sonic Financial”) and Speedway Motorsports, Inc. (NYSE: TRK, “Speedway Motorsports”) today announced that Sonic Financial’s tender offer to purchase all outstanding shares of common stock of Speedway Motorsports expired one minute past 11:59 p.m., New York City time, on September 16, 2019. A subsidiary of Sonic Financial has accepted for payment all shares of Speedway Motorsports that were validly tendered and not vali...
Moody's places Speedway Motorsports' ratings on review for downgrade f...
Rating Action: Moody's places Speedway Motorsports' ratings on review for downgrade following financing plans for merger agreement. Global Credit Research- 23 Aug 2019. New York, August 23, 2019-- Moody's Investors Service has placed the credit ratings of Speedway Motorsports, Inc. on review for downgrade, including the Ba1 corporate family rating and Ba2 senior notes rating, following the disclosure of the financing plans for the company's merger agreement with Sonic...
Speedway Motorsports Reports Results for Second Quarter 2019 and Reaff...
Speedway Motorsports Reports Results for Second Quarter 2019 and Reaffirms Full Year 2019 Guidance CONCORD, N.C., July 31, 2019 (GLOBE NEWSWIRE) -- Speedway Motorsports, Inc. (Speedway Motorsports or the Company) (NYSE: TRK) today reported second quarter 2019 total revenues of $141.9 million, net income of $17.4 million or $0.43 per diluted share, and adjusted non-GAAP net income of $17.8 million or $0.44 per diluted share. Six month 2019 total revenues were $249.8 million, net income was $25.9 million or $0.63 per diluted share, and adjusted non-GAAP net income was $26.6 million or $0.6...
Speedway Motorsports, Inc. Schedules 2019 Second Quarter Earnings Conf...
Speedway Motorsports, Inc. Schedules 2019 Second Quarter Earnings Conference Call CONCORD, N.C., July 26, 2019 (GLOBE NEWSWIRE) -- Speedway Motorsports, Inc. (NYSE: TRK), a leading marketer, promoter and sponsor of motorsports entertainment, will host its quarterly conference call on Wednesday, July 31, 2019 at 10:00 a.m. (ET). Marcus G. Smith, Chief Executive Officer and President, and William R. Brooks, Vice Chairman, Chief Financial Officer and Treasurer, will discuss the company’s second quarter financial and operating results for the period ended June 30, 2019. A question and ans...
Speedway Motorsports, Inc. and Sonic Financial Corporation Enter into ...
Speedway Motorsports, Inc. and Sonic Financial Corporation Enter into Definitive Merger Agreement CONCORD, NC, July 24, 2019 (GLOBE NEWSWIRE) -- Speedway Motorsports, Inc. (NYSE: TRK) (the “Company”) and Sonic Financial Corporation (“Sonic Financial”) announced today that they, along with a wholly owned acquisition subsidiary of Sonic Financial, have entered into a definitive merger agreement for Sonic Financial’s subsidiary to acquire all of the outstanding shares of common stock of the Company for cash consideration of $19.75 per share. The per share price represents a premium of ...
Speedway Motorsports, Inc. Declares Quarterly Cash Dividend of 15 Cent...
Speedway Motorsports, Inc. Declares Quarterly Cash Dividend of 15 Cents Per Share CONCORD, N.C., July 23, 2019 (GLOBE NEWSWIRE) -- Speedway Motorsports, Inc. (SMI) (NYSE:TRK) on July 23, 2019 declared a quarterly cash dividend of 15 cents per share of common stock. The quarterly dividend will be payable on September 6, 2019 to shareholders of record at the close of business on August 15, 2019. 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 follow...
Special Committee Announces Retention of Independent Advisors In Conne...
Special Committee Announces Retention of Independent Advisors In Connection With Considering “Going Private” Proposal from Sonic Financial CONCORD, N.C., May 20, 2019 (GLOBE NEWSWIRE) -- Speedway Motorsports, Inc. (“SMI” or the “Company”) (NYSE: TRK) today announced that the Special Committee (the “Special Committee”) of its Board of Directors (the “Board”) has retained Morgan Stanley & Co. LLC as financial advisor to assist the Special Committee in the review of the previously-disclosed non-binding proposal from Sonic Financial Corporation (a company owned and controlled by O. Bruton Smi...
Speedway Motorsports Reports Results for First Quarter 2019 and Reaffi...
Speedway Motorsports Reports Results for First Quarter 2019 and Reaffirms Full Year 2019 Guidance CONCORD, N.C., May 01, 2019 (GLOBE NEWSWIRE) -- Speedway Motorsports, Inc. (SMI) (NYSE: TRK) today reported first quarter 2019 total revenues of $107.9 million, net income of $8.6 million or $0.21 per diluted share, and adjusted non-GAAP net income of $8.8 million or $0.22 per diluted share. These non-GAAP results were within management’s expectations, and SMI reaffirmed its full year 2019 non-GAAP earnings guidance of $0.90 to $1.10 per diluted share as further described below. These result...
Sonic Financial Corporation Submits Non-Binding Proposal to Acquire Sp...
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 (a company owned and controlled by O. Bruton Smith and his family) (“Sonic Financial”), to acquire all of the outstanding shares of common stock of the Company, other than the shares held by Sonic Financial, O. Bruton Smith, his family and entities c...
Speedway Motorsports, Inc. Declares Quarterly Cash Dividend of 15 Cent...
Speedway Motorsports, Inc. Declares Quarterly Cash Dividend of 15 Cents Per Share CONCORD, N.C., April 23, 2019 (GLOBE NEWSWIRE) -- Speedway Motorsports, Inc. (SMI) (NYSE:TRK) on April 23, 2019 declared a quarterly cash dividend of 15 cents per share of common stock. The quarterly dividend will be payable on June 5, 2019 to shareholders of record at the close of business on May 15, 2019. 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...
Speedway Motorsports, Inc. Schedules 2019 First Quarter Earnings Confe...
Speedway Motorsports, Inc. Schedules 2019 First Quarter Earnings Conference Call CONCORD, N.C., April 23, 2019 (GLOBE NEWSWIRE) -- Speedway Motorsports, Inc. (NYSE: TRK), a leading marketer, promoter and sponsor of motorsports entertainment, will host its quarterly conference call on Wednesday, May 1, 2019 at 10:00 a.m. (ET). Marcus G. Smith, Chief Executive Officer and President, and William R. Brooks, Vice Chairman, Chief Financial Officer and Treasurer, will discuss the company’s first quarter financial and operating results for the period ended March 31, 2019. A question and...
Speedway Motorsports Reports Results for Fourth Quarter and Year Ended...
Speedway Motorsports Reports Results for Fourth Quarter and Year Ended December 31, 2018 and Provides Full Year 2019 Guidance CONCORD, N.C., March 13, 2019 (GLOBE NEWSWIRE) -- Speedway Motorsports, Inc. (SMI) (NYSE: TRK) today reported fourth quarter 2018 total revenues of $56.4 million, a net loss of $12.4 million or $0.30 per diluted share, and an adjusted non-GAAP net loss of $10.9 million or $0.27 per diluted share. Full year 2018 total revenues were $461.9 million, net income was $40.4 million or $0.99 per diluted share, and adjusted non-GAAP net income was $41.1 million or $1.00 per...
Speedway Motorsports, Inc. Schedules Fourth Quarter and Year End 2018 ...
Speedway Motorsports, Inc. Schedules Fourth Quarter and Year End 2018 Earnings Conference Call CONCORD, N.C., March 05, 2019 (GLOBE NEWSWIRE) -- Speedway Motorsports, Inc. (NYSE: TRK), a leading marketer, promoter and sponsor of motorsports entertainment, will host its quarterly conference call on Wednesday, March 13, 2019 at 10:00 a.m. (ET). Marcus G. Smith, Chief Executive Officer and President, and William R. Brooks, Vice Chairman, Chief Financial Officer and Treasurer, will discuss the company’s fourth quarter and year-end financial and operating results for the period ended December...
Speedway Motorsports, Inc. Declares Quarterly Cash Dividend of 15 Cent...
Speedway Motorsports, Inc. Declares Quarterly Cash Dividend of 15 Cents Per Share CONCORD, N.C., Feb. 12, 2019 (GLOBE NEWSWIRE) -- Speedway Motorsports, Inc. (SMI) (NYSE:TRK) on February 12, 2019 declared a quarterly cash dividend of 15 cents per share of common stock. The quarterly dividend will be payable on March 15, 2019 to shareholders of record at the close of business on March 1, 2019. 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...
With a more favourable environment, SWAY.MOTORSPORTS INCO. improves to...
SWAY.MOTORSPORTS INCO. (US), a company active in the Recreational Services industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date December 7, 2018, the closing price was USD 16.84 a...
Speedway Motorsports Reports Results for the Three and Nine Months End...
Speedway Motorsports Reports Results for the Three and Nine Months Ended September 30, 2018 and Reaffirms Full Year 2018 Guidance CONCORD, N.C., Nov. 07, 2018 (GLOBE NEWSWIRE) -- Speedway Motorsports, Inc. (SMI) (NYSE: TRK) today reported third quarter 2018 total revenues of $160.1 million and net income of $24.1 million or $0.59 per diluted share. Nine month 2018 total revenues were $400.3 million, net income was $53.2 million or $1.30 per diluted share, and adjusted non-GAAP net income was $52.1 million or $1.27 per diluted share. These results were within management’s expectations, and...
Speedway Motorsports, Inc. Schedules 2018 Third Quarter Earnings Confe...
Speedway Motorsports, Inc. Schedules 2018 Third Quarter Earnings Conference Call CONCORD, N.C., Nov. 01, 2018 (GLOBE NEWSWIRE) -- Speedway Motorsports, Inc. (NYSE: TRK), a leading marketer, promoter and sponsor of motorsports entertainment, will host its quarterly conference call on Wednesday, November 7, 2018 at 10:00 a.m. (ET). Marcus G. Smith, Chief Executive Officer and President, and William R. Brooks, Vice Chairman, Chief Financial Officer and Treasurer, will discuss the company’s first quarter financial and operating results for the period ended September 30, 2018. A question ...
Speedway Motorsports, Inc. Declares Quarterly Cash Dividend of 15 Cent...
Speedway Motorsports, Inc. Declares Quarterly Cash Dividend of 15 Cents Per Share CONCORD, NC, Oct. 22, 2018 (GLOBE NEWSWIRE) -- Speedway Motorsports, Inc. (SMI) (NYSE:TRK) on October 22, 2018 declared a quarterly cash dividend of 15 cents per share of common stock. The quarterly dividend will be payable on December 3, 2018 to shareholders of record at the close of business on November 12, 2018. 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 follow...
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