Speedway Motorsports, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported total revenues of $165,848,000 against $170,011,000 a year ago. Income before income taxes was $40,944,000 against $42,524,000 a year ago. Net income was $31,883,000 or $0.78 per share basic and diluted against $27,306,000 or $0.67 per share basic and diluted a year ago. Non-GAAP net income was $30,773,000 or $0.75 per diluted share against $28,004,000 or $0.68 per diluted share a year ago.

For the six months, the company reported total revenues of $240,212,000 against $246,455,000 a year ago. Income before income taxes was $37,139,000 against $38,518,000 a year ago. Net income was $29,169,000 or $0.71 per share basic and diluted against $25,371,000 or $0.62 per share basic and diluted a year ago. Non-GAAP net income was $28,059,000 or $0.68 per diluted share against $28,966,000 or $0.71 per diluted share a year ago. Capital expenditures for 6 months ended June 30, 2018, were $19.1 million.

For the year 2018, the company reaffirmed that second quarter 2018 results are consistent with its previous full year 2018 non-GAAP earnings guidance of $1.00-$1.20 per diluted share, excluding non-recurring and other special items. The range of earnings guidance reflects the lingering effects of uncertain economic conditions, among other factors. Inclement weather, potential higher fuel, health-care and food costs and continuing underemployment could significantly impact future results. And this year, the company estimates that the capital expenditures will probably approximate $25 million to $35 million for the full year.