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Regal Entertainment Group Reports Results For Fiscal

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

Third Quarter 2015 and Declares Quarterly Dividend

Knoxville, Tennessee October 27, 2015

Regal Entertainment Group (NYSE: RGC), a leading motion picture exhibitor owning and operating the largest theatre circuit in the United States, today announced fiscal third quarter 2015 results.

Total revenues for the third quarter ended September 30, 2015 were $725.0 million compared to total revenues of $693.8 million for the third quarter ended September 25, 2014. Net income attributable to controlling interest in the third quarter of 2015 was $21.9 million compared to $26.7 million in the third q uarter of 2014. Diluted earnings per share was $0.14 for the third quarter of 2015 compared to $0.17 for the third quarter of 2014. Adjusted diluted earnings per share(1) was $0.18 for both the third quarter of 2015 and the third quarter of 2014. Adjusted EBITDA(3) was $126.6 million for the third quarter of 2015 compared to $122.5 million for the third quarter of 2014. Reconciliations of non-GAAP financial measures are provided in the financial schedules accompanying this press release.

Regals Board of Directors also today declared a cash dividend of $0.22 per Class A and Class B common share, payable on December 15, 2015, to stockholders of record on December 4, 2015. The Company intends to pay a regular quarterly dividend for the foreseeable future at the discretion of the Board of Directors depending on available cash, anticipated cash needs, overall financial condition, loan agreement restrictions, future prospects for earnings and cash flows as well as other relevant factors.

We are pleased that our ongoing concession initiatives have generated above-average growth in concession sales per patron for the fifth consecutive quarter and contributed to Adjusted EBITDA growth of almost 5% so far this year, stated Amy Miles, CEO of Regal Entertainment Group. With a number of highly anticipated releases scheduled for the upcoming holiday box office season, we remain optimistic about the potential for box office success for the remainder of 2015 and early 2016.

Forward-looking Statements:

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements included herein, other than statements of historical fact, may constitute forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from the Companys expectations are disclosed in the risk factors contained in the Companys 2014 Annual Report on Form 10-K filed with the Securities and Exchange Commission

(the SEC) on March 2, 2015 and in the Companys Quarterly Report on Form 10-Q filed with the SEC on August 10, 2015. All forward-looking statements are expressly qualified in their entirety by such factors.

Conference Call:

Regal Entertainment Group management will conduct a conference call to discuss third quarter 2015 results on October 27, 2015 at 4:30 p.m. (Eastern Time). Interested parties can listen to the call live on the Internet through the Investor Relations section of the Companys website: or by dialing...