Speedway Motorsports Reports Results for Second Quarter 2019 and Reaffirms Full Year 2019 Guidance

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Speedway Motorsports Reports Results for Second Quarter 2019 and Reaffirms Full Year 2019 Guidance

CONCORD, N.C., July 31, 2019 (GLOBE NEWSWIRE) — Speedway Motorsports, Inc. (Speedway Motorsports or the Company) (NYSE: TRK) today reported second quarter 2019 total revenues of $141.9 million, net income of $17.4 million or $0.43 per diluted share, and adjusted non-GAAP net income of $17.8 million or $0.44 per diluted share. Six month 2019 total revenues were $249.8 million, net income was $25.9 million or $0.63 per diluted share, and adjusted non-GAAP net income was $26.6 million or $0.65 per diluted share. These non-GAAP results were within management’s expectations, and Speedway Motorsports reaffirmed its full year 2019 non-GAAP earnings guidance of $0.90 to $1.10 per diluted share as further described below……

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