Dover Motorsports Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
For the full year, revenues were $45,674,000 against $46,180,000 a year ago. The decrease was primarily due to lower admissions and event related revenue partially offset by higher broadcasting revenue. Operating earnings were $5,692,000 against $4,660,000 a year ago. Earnings before income taxes were $5,281,000 against $3,949,000 a year ago. Net earnings was $3,145,000 $0.09 per basic and diluted share against $2,024,000 $0.05 per basic and diluted share a year ago. Adjusted net earnings was $4,592,000 $0.13 per diluted share against $4,838,000 $0.13 per diluted share a year ago. Net cash provided by operating activities was $7,498,000 against $8,143,000 a year ago. Capital expenditures were $3,136,000 against $315,000 a year ago. EBITDA was $11.4 million compared with $12.3 million for 2013.