| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
41 |
| Employees |
155 |
| Revenues (TTM) (Millions $) |
471 |
| Net Income (TTM) (Millions $) |
37 |
| Cash Flow (TTM) (Millions $) |
16 |
| Capital Exp. (TTM) (Millions $) |
27 |
Business Description
Speedway Motorsports Inc. (SMI) is an American company that owns and operates multiple NASCAR-sanctioned racetracks across the United States. Headquartered in Concord, North Carolina, SMI was founded in 1959 by the late Bruton Smith. The company went public in 1995 under the ticker symbol TRK on the New York Stock Exchange (NYSE).
SMI is known for its state-of-the-art racetracks, including the Charlotte Motor Speedway, Texas Motor Speedway, Bristol Motor Speedway, Atlanta Motor Speedway, Las Vegas Motor Speedway, and Sonoma Raceway. These tracks represent some of the most popular and high-attended NASCAR events in the country.
One of the unique features of SMI racetracks is the variety of events that are held there. In addition to NASCAR races, SMI also hosts other motorsports events such as IndyCar and NHRA drag racing, as well as concerts and other events that utilize their expansive facilities. These efforts have contributed to the overall popularity of the venues and helped create a true fan experience.
In addition to owning and operating racetracks, SMI's subsidiary companies include Motor Racing Network (MRN), which provides live radio broadcasts of NASCAR races, and U.S. Legend Cars International, which manufactures and supplies racing cars and parts globally.
SMI has invested heavily in the fan experience, with various amenities such as infield grass seating and suites with air conditioning and private restrooms. The tracks also offer campgrounds, fan zones, and tailgating areas to enhance the overall experience for racegoers.
SMI has been a key player in the growth of NASCAR and motorsports in the United States, contributing to the sport's overall popularity and helping to cultivate a passionate fan base. The company continues to evolve and innovate, providing fans with a best-in-class experience and bringing excitement and experience to communities across the country.
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