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MarketScreener Homepage  >  Equities  >  Nyse  >  Six Flags Entertainment Corp    SIX

SIX FLAGS ENTERTAINMENT CORP

(SIX)
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Six Flags Entertainment : Banner Flying High Over Three New Parks

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02/12/2019 | 09:16am EDT

Phoenix, Houston and Darien Lake to be Rebranded Six Flags

Six Flags Entertainment Corporation (NYSE:SIX), the world’s largest regional theme park company and largest operator of waterparks in North America, today announced that three of its newest parks will be rebranded as Six Flags parks. Darien Lake, Wet & Wild Splashtown and Wet & Wild Phoenix were acquired from EPR Properties last year. The parks are currently undergoing major renovations and preparing to welcome guests for a thrilling 2019 season.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190212005530/en/

“The Six Flags brand is recognized throughout the world as an industry leader in creating innovative, groundbreaking experiences for guests of all ages,” said Senior Vice President of US Park Operations Tom Iven. “We are proud to have these incredible parks bear the Six Flags name and we are making major investments in all three properties with record-breaking attractions and extensive upgrades including new theming, paint treatments and branded signage, along with updates to restaurant and retail locations. Additionally, Members and Season Pass Holders will have free, unlimited visits to these parks and Six Flags theme parks throughout North America.”

  • Darien Lake near Buffalo, NY, will become Six Flags Darien Lake. New for 2019, the park will introduce Six Flags SkyScreamer, the tallest attraction in the state of New York. This exhilarating swing ride will serve as the region’s iconic, new symbol, towering 242-ft. above the park as it spins 32 guests round and round at 35 miles per hour. Six Flags Darien Lake includes a theme park, waterpark, campground, hotel, and a 21,000-seat amphitheater;
  • Wet & Wild Splashtown, Houston’s largest waterpark, will be rebranded Six Flags Hurricane Harbor Splashtown. This season, the park will debut Wahoo Wave—an innovative, new six-story water slide. This adrenaline-packed attraction sends four riders into near vertical motion as they experience extended hang times and zero g-forces. Riders plunge 30 feet straight down before sweeping across the top of a massive waterfall, then descending into a refreshing pool below. The expansive waterpark will also debut a new Caribbean theme and major improvements throughout. Hurricane Harbor Splashtown features more than 48 lush acres and a wide selection of thrilling water slides and attractions including two children’s areas;
  • Wet & Wild Phoenix, the largest waterpark in Arizona, will be rebranded Six Flags Hurricane Harbor Phoenix. New for 2019, the park will debut a fresh, new look with extensive Caribbean theming, an updated dining area, expanded seating and numerous other upgrades. The 35-acre property features more than 30 award-winning slides, rides and attractions—many voted top 10 in the nation. The park also offers a junior section with kid-friendly versions of some of its most thrilling attractions; and
  • Six Flags Great Escape Resort, New York’s most thrilling resort property, recently announced that its outdoor waterpark will be rebranded Hurricane Harbor for the 2019 season. The park will introduce two brand-new family attractions: Bucket Blasters, where riders will spin around in barrels for a good old-fashioned water gun battle and Shipwreck Cove, a fun activity pool with interactive water sprays, geysers, and fountains for hours of water play entertainment.

Six Flags 2019 Memberships and Season Passes are now available. Members can enjoy priority park entry, preferred parking and tremendous discounts of up to 50% on nearly all food and merchandise purchases all season long. Gold Plus, Platinum, Diamond and Diamond Elite levels are available featuring all the perks of a Season Pass plus other benefits including admission to all Six Flags branded theme and waterparks, skip the line passes, unlimited soft drinks and much more! For more information, visit the Membership Sales Center or go online to sixflags.com and sign up.

About Six Flags Entertainment Corporation

Six Flags Entertainment Corporation is the world’s largest regional theme park company with $1.4 billion in revenue and 26 parks across the United States, Mexico and Canada. For 58 years, Six Flags has entertained millions of families with world-class coasters, themed rides, thrilling water parks and unique attractions. For more information, visit www.sixflags.com.

Follow us on Twitter @SixFlags

Like us on Facebook at facebook.com/sixflags


© Business Wire 2019
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Financials ($)
Sales 2019 1 527 M
EBIT 2019 464 M
Net income 2019 238 M
Debt 2019 2 002 M
Yield 2019 6,38%
P/E ratio 2019 18,36
P/E ratio 2020 16,61
EV / Sales 2019 4,16x
EV / Sales 2020 4,00x
Capitalization 4 344 M
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 58,1 $
Spread / Average Target 13%
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Managers
NameTitle
James W. P. Reid-Anderson Chairman, President & Chief Executive Officer
Mario Centola Vice President-International Operations
Marshall Barber Chief Financial Officer
David Austin Chief Information Officer
Usman Nabi Independent Director
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