International Game Technology PLC Reports Third Quarter 2019 Results

in Finance

"Our core businesses achieved significant momentum in the third quarter and year-to-date periods," said Marco Sala, CEO of IGT. "Key performance indicators were solid in the quarter – gaming machine unit shipments increased 44%, while same-store revenue for draw games and instants rose 4%. Our leading positions are rooted in our focus on player-driven performance, which was on display at recent lottery and gaming trade shows and should sustain our momentum going forward."

International Game Technology PLC Reports Third Quarter 2019 Results

- Revenue of $1.15 billion, up 3% at constant currency on significant growth in global gaming product sales

- Operating income of $154 million; Adjusted EBITDA of $407 million

- Strong year-to-date operating cash flow of $789 million and free cash flow of $456 million

- Cash dividend declared of $0.20 per ordinary share

 

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International Game Technology PLC 

Nov 14, 2019, 06:45 ET

LONDONNov. 14, 2019 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today reported financial results for the third quarter ended September 30, 2019. Today, at 8:00 a.m. EST, management will host a conference call and webcast to present the results; access details are provided below.

"Our core businesses achieved significant momentum in the third quarter and year-to-date periods," said Marco Sala, CEO of IGT. "Key performance indicators were solid in the quarter – gaming machine unit shipments increased 44%, while same-store revenue for draw games and instants rose 4%. Our leading positions are rooted in our focus on player-driven performance, which was on display at recent lottery and gaming trade shows and should sustain our momentum going forward."

"IGT has generated free cash flow in excess of $450 million in the first nine months," said Alberto Fornaro, CFO of IGT. "This confirms the inflection we expected to achieve this year. We are well positioned to achieve our 2019 strategic and financial goals."

Overview of Consolidated Third Quarter 2019 Results  CLICK HERE TO READ ENTIRE RELEASE