Dover Motorsports Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported revenues of $25.587 million compared to $25.253 million a year ago. The increase is primarily from the scheduled increase in broadcasting revenue, partially offset by lower admissions revenue for the DoverNASCAR weekend. Operating earnings were $8.881 million compared to $8.719 million a year ago. Earnings before income taxes were $8.808 million compared to $8.575 million a year ago. Net earnings were $5.203 million or $0.14 per basic and diluted share compared to $5.066 million or $0.14 per basic and diluted share a year ago. Adjusted net earnings were $5.203 million or $0.14 per basic and diluted share compared to $5.106 million or $0.14 per basic and diluted share a year ago. Adjusted earnings before income taxes were $8.808 million compared to $8.643 million a year ago.

For the six months, the company reported revenues of $25.697 million compared to $25.392 million a year ago. Operating earnings were $4.822 million compared to $4.802 million a year ago. Earnings before income taxes were $4.700 million compared to $4.613 million a year ago. Net earnings were $2.798 million or $0.08 per basic and diluted share compared to $2.723 million or $0.07 per basic and diluted share a year ago. Adjusted net earnings were $2.965 million or $0.08 per basic and diluted share compared to $2.817 million or $0.07 per basic and diluted share a year ago. Net cash used in operating activities was $5.575 million compared to net cash provided by operating activities of $6.309 million a year ago. Capital expenditures were $1.675 million, the biggest piece of which was for safer wall additions, bathroom upgrades and miscellaneous equipment purchases and facility improvements compared to $1.671 million a year ago. Adjusted earnings before income taxes were $4.986 million compared to $4.772 million a year ago.

The company provided capital spending guidance for the full year of 2017. The company plans for capital spending in 2017 remain in total at approximately $2 million.