Imax Earnings Rise on New Theater Deals, ‘Guardians of the Galaxy’ B.O.

Powered by the box office success of “Guardians of the Galaxy” and deals for 42 new theaters, Imax Corporation saw revenues and profits rise during its most recent fiscal quarter.

The big screen company’s revenue climbed 18% to $60.7 million, up from $51.5 million from the yea-agor quarter. Earnings per share rose to 7 cents from 2 cents, while profits jumped from $1.6 million a year ago to $5.3 million.

“We were able to leverage the strong box office across a growing theater network, expand margins and generate our strongest quarter ever for operating cash flow,” Imax CEO Richard Gelfond said.

The company’s new theater signings brings its backlog to 439 theaters waiting to be built. As of the end of September, the company has 880 theater systems worldwide.

Box office revenues increased substantially during the period thanks to the popularity of “Guardians” (pictured) and “The Maze Runner,” rising to $169 million, a 28% jump from the year-ago period.

The financial results were roughly in line with analysts projections on revenues and just shy of estimates of 10 cents a share on earnings.

Upcoming Imax releases include Christopher Nolan’s “Interstellar,” which was filmed with the company’s cameras, “The Hobbit: The Battle of the Five Armies,” “Fast & Furious 7” and “The Avengers: Age of Ultron.”

The company is also expected to begin rolling out its new laser projection systems at the end of the year.

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