International Speedway Corp. announced consolidated unaudited earnings results for the third quarter and nine months ended August 31, 2009. For the quarter, the company reported revenue of $172,913,000 compared to $213,208,000 for the same period a year ago. Operating income was $15,568,000 compared to $61,025,000 for the same period a year ago. Income from continuing operations before income taxes was $8,870,000 compared to $57,401,000 for the same period a year ago. Income from continuing operations was $4,456,000 or $0.9 diluted per share compared to $38,842,000 or $0.79 diluted per share for the same period a year ago. Net income was $4,413,000 or $0.09 diluted per share compared to $38,791,000 or $0.79 diluted per share for the same period a year ago. Excluding discontinued operations; the operating results from the Company's equity investment; and, impairment of long-lived assets, non-GAAP net income for the third quarter of 2009 was $15.9 million, or $0.33 per diluted share. Non-GAAP net income for the third quarter of 2008 was $35.6 million, or $0.73 per diluted share. For the nine months, the company reported revenue of $491,410,000 compared to $582,004,000 for the same period a year ago. Operating income was $97,276,000 compared to $170,871,000 for the same period a year ago. Income from continuing operations before income taxes was $20,914,000 compared to $162,438,000 for the same period a year ago. Loss from continuing operations was $2,051,000 or $0.04 diluted per share compared to income from continuing operations of $101,092,000 or $2.02 diluted per share for the same period a year ago. Net loss was $2,181,000 or $0.04 diluted per share compared to net income of $100,974,000 or $2.02 diluted per share for the same period a year ago. Net cash provided by operating activities was $239,572,000 compared to $177,289,000 for the same period a year ago. Capital expenditures were $65,519,000 compared to $87,422,000 for the same period a year ago. Excluding discontinued operations; the operating results from the Company's equity investment; and, impairment of long-lived assets, non-GAAP net income for the nine months ended August 31, 2009, was $60.1 million, or $1.24 per diluted share. This is compared to non-GAAP net income for the first nine months of 2008 of $100.5 million, or $2.01 per diluted share. The company revised earnings guidance for the full year 2009. The company reiterates the lower range of its 2009 full year total revenue guidance of $700 million and revises the top end range to $710 million. ISC also reiterates its lower range non-GAAP earnings per diluted share guidance for 2009 of $1.80 and revises the top-end range to $1.90. For the quarter, the company reported impairment of long-lived of assets of $13,716,000 compared to $33,000 for the same period a year ago.

International Speedway Corp. expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 8, 2009).

International Speedway Corp. provided capital expenditures guidance for the full year 2009. The company expects total fiscal 2009 capital expenditures will be approximately $115 million to $125 million depending on the timing of certain projects. The company expects approximately $68 million in spending for existing facilities, $32 million for headquarters building and the balance in land purchases and for Staten Island and Stock Car Montreal.