Cedar Fair releases Third Quarter Numbers

[CoastersRZ]

Cedar Fair Entertainment Company made its first quarterly report with the former Paramount Parks integrated into their financial statements.

Some highlights in the release include the following:

Kinzel added, “We’re very pleased with the parks we purchased, and feel more than ever that they are a great fit with our business. Our near-term focus is on enhancing fundamental offerings important to guest comfort and satisfaction, and over time, we’ll invest on a larger scale to build attractions around each park’s individual appeal.â€Â

“We see opportunities to continue to drive improvements through the remainder of this year,†said Kinzel. “And we’re encouraged by the strong momentum enjoyed by our increasingly popular fall events, including at our acquired parks.â€Â

And with regards to integration of the Paramount Parks:

Among the integration actions undertaken to date:

· Joint management teams established, staffing adjustments made and integrated operating teams in place at each park;

· Standardized capital planning and reporting models implemented;

· Joint marketing initiatives among parks launched with introduction of the 2007 Cedar Fair Maxx Pass;

· Purchase agreements for products and services consolidated; and

· Certain information systems utilized by Paramount adopted for expansion to Cedar Fair operations.

To read the entire press release on Cedar Fair`s website, click here. Also, Cedar Fair will have a conference call tomorrow morning at 11am that will be available live on their website, and available to listen after the conference call beginning at 1pm and available through November 15th.