Business
RCI Files 10-K and Reports 4Q19 and FY19 Results
HOUSTON, Feb. 13, 2020 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today filed its 10-K and reported 4Q19 and FY19 results for the year
About this update from Rci Hospitality Holdings, Inc.
[{"type":"text","content":"HOUSTON, Feb. 13, 2020 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today filed its 10-K and reported 4Q19 and FY19 results for the year ended September 30, 2019.\n\n \n4Q19 vs. 4Q18\nFY19 vs. FY18\n• Diluted EPS of $0.05 compared to ($0.36)• Non-GAAP* diluted EPS of $0.48 compared to$0.41\n• GAAP results included $4.9 million in othercharges compared to $6.4 million in 4Q18\n• Free cash flow (FCF) totaled $7.0 million (basedon net cash provided by operating activities of$8.8 million, less maintenance capitalexpenditures of $1.8 million) compared to $2.7million\n• Total revenues of $45.2 million compared to$40.7 million on 45 and 43 units, respectively\n• Diluted EPS of $1.99 compared to $2.15, whichincluded a large tax benefit\n• Non-GAAP diluted EPS of $2.31 compared to$2.18\n• GAAP results included $2.6 million in othercharges compared to $9.2 million in FY18\n• FCF totaled $33.3 million (based on net cashprovided by operating activities of $37.2 million,less maintenance capital expenditures of $3.9million) compared to $23.2 million\n• Total revenues of $181.1 million compared to$165.7 million\nConference Call 4:30 PM ET Today\nMeet Management 6-8 PM ET Tonight\n• A conference call to discuss 4Q19 results, outlookand related matters• Live Participant Phone Number: Toll Free 877-407-9210, International 201-689-8049\n• To access the live webcast, slides or replay, visit:https://www.webcaster4.com/Webcast/Page/2209/33080\n• Toll Free 877-481-4010, International 919-882-2331, Passcode: 58853 \n• Meet management at Rick's Cabaret New York,Manhattan's No. 1 gentlemen's club, and tour itssister club, Hoops Cabaret and Sports Bar, nextdoor\n• Where: Rick's Cabaret New York, at 50 W. 33rdStreet, New York, NY, between Fifth Avenue andBroadway\n• RSVP: With your contact information, [email protected]\n \nCEO Comment\n\"With a solid performance in the fourth quarter, total revenues for the year increased 9.2%, to a record $181.1 million, and free cash flow increased 43.3%, to a record $33.3 million,\" said Eric Langan, President & CEO. \"We had FY 2017 and FY 2018 reaudited in conjunction with the FY 2019 audit, where our auditors issued an unqualified opinion on those financial statements. Utilizing our strong cash generating power, we also reduced shares outstanding another 1% in FY19. Now that the year-end au...