DAYTONA BEACH, FL --
International Speedway Corp. (ISC) has reported record results for the fiscal first quarter, which ended Feb. 28.
Total revenues for the first quarter increased to $193.9 million, compared
to revenues of $179.4 million in the prior-year period. Operating income was
$78.5 million during the period compared to $71.8 million in the first quarter
of fiscal 2005. Net income was $44.1 million, or 83 cents per diluted share,
compared to net income of $41.1 million, or 77 cents per diluted share, in the
prior year.
Fueled by the company's solid outlook for 2006, ISC reiterates its
previous full year guidance range of revenues between $780 and $800 million,
and earnings of $3.20 to $3.30 per diluted share. In addition, the company
continues to expect second quarter earnings before interest, taxes,
depreciation and amortization and operating margins to range
from 38 to 39 percent and 30 to 31 percent, respectively.
For more information about ISC, go to: www.iscmotorsports.com .
_______________________________________
Click here to view the rest of today's headlines.
