IMAX Stock Recent News

The summer box office is booming as "Deadpool and Wolverine" crossed the $1 billion mark globally, and Pixar's "Inside Out 2" became the highest-grossing animated movie of all time. IMAX (IMAX) CEO Richard Gelfond joins Wealth!

Entertainment technology platform operator IMAX Co. NYSE: IMAX stock hit 52-week highs following its robust Q2 2024 earnings release. The company has been able to survive and thrive in the motion picture industry even as cinemas and movie theater operators struggle.

Evaluate Imax's (IMAX) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.

IMAX Corporation IMAX reported better-than-expected second-quarter sales results on Thursday.

IMAX's second-quarter 2024 results reflect the negative impacts of sluggish total revenues and box office performance.

IMAX Corporation (NYSE:IMAX ) Q2 2024 Earnings Conference Call July 25, 2024 8:30 AM ET Company Participants Jennifer Horsley - Head-Investor Relations Richard Gelfond - Chief Executive Officer Natasha Fernandes - Chief Financial Officer Conference Call Participants Chad Beynon - Macquarie Eric Wold - B. Riley Securities David Joyce - Seaport Research Partners Steven Frankel - Rosenblatt Securities Omar Mejias - Wells Fargo David Karnovsky - JPMorgan Mike Hickey - The Benchmark Company James Goss - Barrington Research Operator Good day and thank you for standing by.

Imax beat a low bar in the second quarter. The company raised guidance for installations this year.

While the top- and bottom-line numbers for Imax (IMAX) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Imax (IMAX) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.26 per share a year ago.

Global entertainment platform delivers solid results, including Revenue of $89 million, Net Income of $3.6 million, EPS(1) of 7 cents, Total Adjusted EBITDA(2) of $31 million and Adjusted EPS(1) of 18 cents. Signings for new and upgraded IMAX systems grow to 87 (+89%) in the quarter; system installations climb to 24 (+20%) as Company raises installation guidance to 130 to 150 systems for full-year 2024 vs.