International Speedway Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended November 30, 2017. Total revenues for the fourth quarter ended November 30, 2017 were approximately $226.3 million, compared to revenues of approximately $221.8 million in the fourth quarter of fiscal 2016. Operating income was approximately $41.8 million during the period compared to approximately $51.2 million in the fourth quarter of fiscal 2016. Net income for the fourth quarter was approximately $76.1 million, or $1.72 per diluted share, compared to net income of approximately $32.4 million, or $0.72 per diluted share, in the prior year period. Non-GAAP net income for the fourth quarter of 2017 was $34.2 million, or $0.77 per diluted share. Non-GAAP net income for the fourth quarter of fiscal 2016 was $32.8 million, or $0.72 per diluted share. Income before income taxes was $44.8 million against $52.2 million reported last year.

For the year ended November 30, 2017, total revenues were $671.4 million, compared to $661.0 million in 2016. Operating income for the full-year period was $96.2 million compared to $109.8 million in the prior year. Net income for the year-ended November 30, 2017, was $110.8 million, or $2.48 per diluted share, compared to a net income of $76.3 million, or $1.66 per diluted share in 2016. Non-GAAP net income for fiscal 2017, was $72.1 million, or $1.61 per diluted share. This is compared to non-GAAP net income for fiscal 2016 of $68.1 million, or $1.48 per diluted share. Income before income taxes was $105.2 million against $124.1 million reported last year.

For fiscal 2018, the company anticipates total revenues to range between $680.0 million to $695.0 million. EBITDA is estimated to range between $241.0 million and $252.0 million, which includes pre-tax cash distributions between $26.0 million and $27.0 million from equity investments in the Hollywood Casino. Operating margin is estimated between 15.5% to 16.5%. Diluted earnings per share is estimated to range between $1.90 to $2.10.