Cedar Fair announces 2006 results

Posted | Contributed by Jeff

Together the combined operations generated full year revenues of $831.4 million, with income before taxes of $126.6 million and net income of $87.5 million, or $1.59 per diluted limited-partner (LP) unit. In 2005, combined revenues for the company were $568.7 million, with income before taxes of $111.6 million and net income of $160.9 million, or $2.93 per diluted LP unit. Included in the 2005 results was the reversal of $62.6 million of contingent liabilities recorded from 1998 through 2004 related to publicly-traded-partnership taxes.

For comparison excluding effects of the acquisition, Cedar Fair’s full year results on a same-park basis yielded adjusted EBITDA of $190.4 million compared with $194.2 million in 2005. The decrease in adjusted EBITDA is the result of a slight decrease in revenues to $566.5 million from $568.7 million a year ago, and a slight increase, or $1.6 million, in cash operating costs to $376.1 million.

Read the full press release from Cedar Fair.

Still not too shabby. These people know what they are doing!

“We continue to see growth in our fall season, something I’m very pleased with (snip) We also experienced solid October results at our new parks."

LOL! "Waterparks are free money, but Halloween events are the next best thing..." gator/C.O., ca. '01

Halloweekend Buzz? ;)

Always good to hear, and makes me even more confident that the Paramount Acquisition was a good thing.

It was called BooBuzz. :)

And it was fun :)

Haha.. I meant a website to follow all the parks' Halloween events.

And I was AT BooBuzz this year. Well, in the morning anyway (on the rollback of dragster, actually. :) ), but then I "had" to leave for Kennywood on my hit-and-run trip that weekend which included PKI, CP, and KW.

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