Six Flags Entertainment Corporation (NYSE:FUN ) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Michael Russell - Corporate Director of Investor Relations Brian Witherow - Chief Financial Officer Richard Zimmerman - President and Chief Executive Officer Conference Call Participants Lizzie Dove - Goldman Sachs James Hardiman - Citi Steve Wieczynski - Stifel Thomas Yeh - Morgan Stanley Matthew Boss - JPMorgan Michael Swartz - Truist Securities Ben Chaiken - Mizuho Chris Woronka - Deutsche Bank Ian Zaffino - Oppenheimer Operator Thank you for standing by. At this time, I would like to welcome everyone to today's Six Flags Entertainment Corporation Second Quarter 2024 Earnings Conference Call.
Beyond analysts' top -and-bottom-line estimates for Six Flags Entertainment Corporation (FUN), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.
Six Flags Entertainment NYSE: SIX announced last week the successful completion of its merger with Cedar Fair NYSE: FUN. The merger of these two firms in the consumer discretionary sector creates one of the largest theme park operators in North America.
Six Flags has completed its merger with Cedar Fair. Management hopes it will produce $200 million in cost savings.
The merger, which was completed Monday, puts the estimated value of the company at $8 billion and "brings together the strengths of both companies, combining Cedar Fair's reputation for delivering exceptional guest experiences with Six Flags' innovative ride and attraction designs."
Six Flags Entertainment Corporation is now the "largest" theme park operator in North America following its merger with Cedar Fair Entertainment Company.
Cedar Fair (FUN) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.