CPHC
Canterbury Park Holding Corporation15.10
-0.19-1.21%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
77.00MP/E (TTM)
-Basic EPS (TTM)
-0.28Dividend Yield
0.02%Recent Filings
8-K
Exec salary, bonus plan set
Canterbury Park Holding Corporation approved 3% and 2.5% base salary hikes for CEO Randall D. Sampson to $347,606 and CFO Randy J. Dehmer to $280,988, effective March 29, 2026. The board also set 2026 bonus targets at 45% of Sampson's salary and 35% of Dehmer's, tied to adjusted income from operations (70% weight) and revenue (30%). Payouts cap at 150% of target. Bonuses hinge on hitting minimums.
10-K
FY2025 results
Canterbury Park's FY2025 net revenues fell 3.2% y/y to $59.6M, with Casino down 4.4% from competition and pari-mutuel off 6.6% on three fewer live race days (50 vs 53), yet Q4 revenues rose 3.9% to $12.4M on 5.4% Casino growth and steady F&B. Operating expenses edged up 0.4% to 95.9% of revenues, but Q4 Adjusted EBITDA surged 52.8% to $2.3M (18.4% margin). Equity losses narrowed to $5.2M amid Doran JV leasing gains, while cash hit $15.8M with no debt and $5M revolver available; dividends paid $1.4M. Barn redevelopment wrapped; amphitheater nears June 2026 debut. Sports betting legalization risks tribal competition, curbing quarterly momentum.
10-Q
Q3 FY2025 results
Canterbury Park's Q3 revenues dipped 5.0% y/y to $18.3M (derived), with casino off 9.7% from competition and lower hold, yet food and beverage jumped 13.1% on events and new POS tech. Operating income fell to $1.1M from $3.6M, missing last year's land gain; YTD net loss $(0.03) per share reflects $3.9M equity investment losses, mainly Doran JVs' depreciation and interest. Cash flow held steady at $9.0M YTD, bolstering $12.0M cash and $5.0M revolver availability—no debt. TIF receivable hit $20.2M. Equity JVs drag profits.
10-Q
Q2 FY2025 results
Canterbury Park's Q2 revenues dipped 3.3% y/y to $15.7M, with casino off 3.6% y/y to $9.5M and pari-mutuel down 12.9% y/y to $2.3M from fewer race days and competition; operating income fell to $432K from $1.1M. Equity investment losses hit $1.4M, mainly Doran joint venture depreciation and interest, swinging net to a $327K loss ($0.06/share, anti-dilutive). Cash flow stayed solid at $7.8M YTD operating, building cash to $12.4M plus $4.5M short-term investments; $5M revolver available to Jan 2027. TIF receivable grew to $19.8M. Development joint ventures advance amid leasing success. Competition from other gaming erodes table drop.
8-K
Shareholders re-elect board, ratify auditors
Canterbury Park Holding Corporation shareholders at the June 5, 2025 annual meeting elected all seven director nominees, with votes ranging from 2.4M to 2.8M FOR amid 1.8M broker non-votes. They ratified Wipfli LLP as auditors for fiscal 2025 and approved executive pay on a non-binding basis. Future say-on-pay votes favored every three years. Directors locked in.
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