A Good Fourth Quarter For ISC

International Speedway Corporation, the publically traded owners of Daytona International Speedway, Talladega Superspeedway, Michigan International Speedway, Richmond International Raceway, California Speedway, Kansas Speedway, Phoenix International Raceway, Chicagoland Speedway, Homestead-Miami Speedway, Martinsville Speedway, Darlington Raceway and Watkins Glen, reported on Friday higher revenue and profit for the last quarter of 2011 compared with the same period a year earlier.

The Daytona Beach-based company said it earned $26.5 million on sales of $191.9 million during the fourth quarter.

"The historic finale of the 2011 Chase for the NASCAR Sprint Cup is a fitting end to a terrific season of motorsports racing that started with Trevor Bayne becoming the youngest driver to win the iconic Daytona 500," stated ISC Chief Executive Officer Lesa France Kennedy in a press release. "We have great storylines and momentum for the launch of the 2012 NASCAR season. In addition to revving up the engines in Daytona, we are thrilled with the opening of our Hollywood Casino at Kansas Speedway on February 3. This is the first venture to monetize our vast real estate holdings and we expect it to be very successful for our shareholders."

For fiscal 2012, ISC anticipates total revenues for the full year will range between $610 million and $630 million, according to its financial statements.