LAS VEGAS SANDS CORP (LVS) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

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EXHIBIT 99.1
Press Release

Las Vegas Sands Reports Third
Quarter 2015 Results

For the Quarter Ended September 30, 2015


Consolidated Adjusted Property EBITDA was $1.05 Billion
Consolidated Adjusted Property EBITDA Margin Increased to 36.4%

In Macao:

- Adjusted Property EBITDA was $536.8 Million
- Strong Cost Discipline Drove a 170 Basis Point Sequential Improvement in Hold-Normalized Adjusted Property EBITDA Margin to 33.4%

At Marina Bay Sands in Singapore:

- Hold-Normalized Adjusted Property EBITDA Increased 12.2% to $411.3 Million
- Adjusted Property EBITDA Increased 10.8% to $389.7 Million
- On a Constant-Currency Basis, Hold-Normalized Adjusted Property EBITDA Increased 22.4%

Hold-Normalized Adjusted Earnings per Diluted Share was $0.71; Adjusted Earnings per Diluted Share was $0.66; and GAAP Earnings per Diluted Share was $0.65

The Company Paid Dividends of $0.65 per Share, an Increase of 30.0% Over the Prior-Year Quarter
 
The Company’s Board of Directors Announced an Increase of 10.8% in the Company’s Recurring Common Stock Dividend for the 2016 Calendar Year to $2.88 per Share ($0.72 per Share per Quarter)

The Company Returned $80.0 Million of Capital to Shareholders Through its Stock Repurchase Program

Las Vegas, NV (October 21, 2015) — Las Vegas Sands Corp. (NYSE: LVS) today reported financial results for the quarter ended September 30, 2015.


Third Quarter Overview

Mr. Sheldon G. Adelson, chairman and chief executive officer, said, “While the operating environment in Macao, particularly in the high-end gaming segments, remained challenging during the quarter, our focus on the higher margin mass and non-gaming segments and the geographic diversification of our cash flows allowed us to again deliver in excess of one billion U.S. dollars of adjusted property EBITDA during the quarter and weather this cyclical downturn better than the industry overall.  We remain sharply focused on the consistent execution of our global growth strategy, which leverages the power of our unique convention-based Integrated Resort business model.

The following information was filed by LAS VEGAS SANDS CORP on Wednesday, October 21, 2015 as an 8K 2.02 statement, which is a press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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  • Form Type: Annual
  • Number of times amended: 0
  • Accession Number: 0001300514-16-000023
  • Submitted to the SEC: Friday, February 26, 2016
  • Accepted by the SEC: Friday, February 26, 2016
  • Period Ending: December 2015
Companies
 

LVS Morningstar

LAS VEGAS SANDS CORP

$55.28 -0.18 (-0.32%)

Day's Range:
$55.15 to $55.80

52-Week Range:
$34.88 to $63.38

Volume:
2,033,921

Volume (Avg):
4,644,660

Earnings per Share:
$2.05

PEG / Short / PE Ratios:
50.00 / 1.34 / 26.99

Market Cap:
$43.93B

Book Value:
7.98

EBITDA:
$3.61B