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Monarch Casino & Resort (NASDAQ:MCRI) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

On Tuesday, the company reported $6.50 billion in revenue, topping expectations of $6.41 billion, as CEO William Brown noted double-digit earnings growth in the second quarter.
Strength in the Safety & Industrial business, combined with cost-cutting measures and price increases, helped the company raise its full-year profit forecast, Reuters reported on Tuesday.
The Safety & Industrial segment reported $3.09 billion in revenue, up 8.2%, while Transportation & Electronics revenue rose 6.2% to $2.07 billion; Consumer segment revenue fell 1.8% to $1.25 billion.
Management raised the 2026 adjusted earnings forecast to a range of $8.80 to $8.95 per share, surpassing the Wall Street consensus estimate of $8.75.
Projections show adjusted operating cash flow of $5.8 billion to $6.0 billion, as the company remains on track to launch more than 350 new products in 2026 and more than 1,000 by 2027.

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