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Amc Entertainment Holdings, Inc. Announces

The following excerpt is from the company's SEC filing.

Record Third Quarter 2015 Results

Guest Experience Initiatives Help Drive 21% Increase in Adjusted EBITDA

LEAWOOD, KANSAS - (November 2, 2015)

AMC Entertainment Holdings, Inc. (NYSE:AMC) (AMC or the Company), one of the worlds leading theatrical exhibition companies and an industry leader in innovation and operational excellence, today reported results for the third quarter ended September 30, 2015.

Highlights for the third quarter 2015 include the following:

Total revenues were $688.8 million compared to total revenues of $633.9 million for the three months ended Septemb er 30, 2014.

Admissions revenues were $441.3 million compared to $417.4 million for the same period a year ago. Attendance grew 7.4% to 47.3 million.

Food and beverage revenues were a third quarter record $216.8 million, compared to $189.1 million for the quarter ended September 30, 2014. Food and beverage revenues per patron increased 6.8% to a third quarter record $4.58.

Adjusted EBITDA(1) was $109.0 million and Adjusted EBITDA Margin(1) was 15.8%, compared to $90.1 million and 14.2%, respectively, for the three months ended September 30, 2014.

Net earnings and diluted earnings per share were $12.2 million and $0.12 respectively, compared to $7.4 million and $0.08, respectively, for the three months ended September 30, 2014.

We are extremely pleased to report our strong third quarter results which we believe reflect the importance and success of our strategic focus to enhance the guest experience at our theatres, said Craig Ramsey, AMC interim chief executive officer and chief financial officer. Whether its the comfort and convenience of our recliner reseats and reserved seating, the variety and accessibility of enhanced food and beverage offerings or the richness of our premium sight and sound experience, we believe that through relentless innovation, the AMC guest experience differentiates us from our competition and is driving our third quarter record $4.58 food and beverage revenue per patron and our 21% increase in Adjusted EBITDA. We are excited about what the future holds for AMC.

(Reconciliations and definitions of non-GAAP financial measures are provided in the financial schedules accompanying this press release.)

CFO Commentary

Commentary on the quarter by Craig Ramsey, AMCs interim chief executive officer and chief financial officer, is available at http://investor.amctheatres.com

Conference Call / Webcast Information

The Company will host a conference call via webcast for investors and other interested parties beginning at 4:00 p.m. CDT/5:00 p.m. EDT on Monday, November 2, 2015. To listen to the conference call via the internet, please visit the investor relations section of the AMC website at http://investor.amctheatres.com for a link to the webcast. Investors and interested parties should go to the website at least 15 minutes prior to the call to register, and/or download and install any necessary audio software.

Participants may also listen to the call by dialing (877) 407-3982, or (201) 493-6780 for international participants.

A podcast and archive of the webcast will be available on the Companys website after the call for a limited time.

About AMC Entertainment Holdings, Inc.

AMC (NYSE:AMC) is the guest experience leader with 348 locations and 4,937 screens located primarily in the United States. AMC has propelled innovation in the theatrical exhibition industry and continues today by delivering more comfort and convenience, enhanced food & beverage, greater engagement and loyalty, premium sight & sound, and targeted programming. AMC operates the most productive theatres in the countrys top markets, including No. 1 market share in the top three markets (NY, LA, Chicago). www.amctheatres.com.

Website Information

This press release, along with other news about AMC, is available at www.amctheatres.com. We routinely post information that may be important to investors in the Investor Relations section of our website, www.investor.amctheatres.com. We use this website as a...


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