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Last $16.99 USD
Change Today +0.23 / 1.37%
Volume 335.2K
IGT On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

international game technolog (IGT) Key Developments

International Game Technology PLC Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year of Fiscal 2015

International Game Technology PLC announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company announced total revenue of $1,290,080,000 compared to $945,318,000 for the same period a year ago. Operating income was $115,500,000 compared to $170,680,000 for the same period a year ago. Loss before income tax expense was $100,736,000 compared to income before income taxes of $109,157,000 for the same period a year ago. Net loss was $112,335,000 compared to net income of $61,802,000 for the same period a year ago. Net loss attributable to the company was $116,890,000 or $0.59 per basic and diluted share compared to net income attributable to the company of $55,174,000 or $0.32 per basic and diluted share for the same period a year ago. Adjusted EBITDA was $426,633,000 compared to $322,763,000 for the same period a year ago. Adjusted operating income was $274,886,000 compared to $198,192,000 for the same period a year ago. Adjusted net income attributable to the company was $70,454,000 compared to $73,500,000 for the same period a year ago. Adjusted net income attributable to the company per ordinary share, diluted was $0.35 compared to $0.42 for the same period a year ago. For the six months, the company announced total revenue of $2,157,353,000 compared to $1,982,589,000 for the same period a year ago. Operating income was $278,357,000 compared to $416,923,000 for the same period a year ago. Loss before income tax expense was $156,328,000 compared to income before income taxes of $296,988,000 for the same period a year ago. Net loss was $156,782,000 compared to net income of $176,007,000 for the same period a year ago. Net loss attributable to the company was $165,063,000 or $0.89 per basic and diluted share compared to net income attributable to the company of $160,613,000 or $0.92 per basic and diluted share for the same period a year ago. Cash flows from operating activities were $217,085,000 compared to $481,117,000 for the same period a year ago. Capital expenditures were $167,092,000 compared to $167,188,000 for the same period a year ago. Net debt at the end of the period was $8,383,865,000. Free cash flow was $49,993,000 compared to $313,929,000 for the same period a year ago. Adjusted EBITDA was $748,086,000 compared to $725,765,000 for the same period a year ago. Adjusted operating income was $479,894,000 compared to $466,271,000 for the same period a year ago. The company provided earnings guidance for the full year of fiscal 2015. The company expects pro forma adjusted EBITDA of $1.575 billion to $1.675 billion in fiscal year 2015. Capital expenditures for the year are estimated at $450 million to $500 million, which does not include €350 million (approximately $385 million at current exchange rates) of upfront capital if the company is successful in renewing the Italian Lotto concession.

International Game Technology PLC Declares Quarterly Cash Dividend, Payable on September 10, 2015

The Board of Directors of International Game Technology PLC has declared a quarterly cash dividend of $0.20 per ordinary share, payable on September 10, 2015 to all shareholders of record as of the close of business on August 26, 2015. IGT intends to pay a regular $0.20 quarterly cash dividend, representing an annual payout of $0.80, subject to ongoing Board approval.

International Game Technology PLC, Q2 2015 Earnings Call, Aug 11, 2015

International Game Technology PLC, Q2 2015 Earnings Call, Aug 11, 2015

International Game Technology Signs Player Services E-Commerce Platform Agreement with Veikkaus Oy in Finland

International Game Technology PLC announced that it has signed an agreement with Veikkaus Oy to deliver an enhanced Player Services e-commerce solution, while also extending the support and service it provides to Veikkaus' current Internet and mobile platform until 2018. The Player Services e-commerce solution provides Veikkaus with the ability to take one-to-one marketing capabilities to a new level, giving Veikkaus full access to all player data from all channels, including retail, interactive, and mobile, in real time. This omni-channel view of the player enables Veikkaus to target personalized, accurate and relevant marketing material that heightens the player experience and extends player loyalty, regardless of which device is being used to play. In parallel, IGT will continue to provide the robust and reliable Enterprise Series Anywhere interfaces to the Player Services solution to allow future expansion of features and game engines.

International Game Technology PLC and Casino Club to Introduce the CrystalDual and S3000 Cabinets to Argentina

International Game Technology PLC and Casino Club will introduce IGT's latest hardware, the CrystalDual and S3000 cabinets, to Argentina. IGT recently secured an agreement with Casino Club to install 270 CrystalDual and 30 S3000 cabinets in Casino Club locations throughout Argentina over the next several months. Approximately 80 units will be installed in Buenos Aires' iconic destination, Hipodromo Argentino de Palermo. The CrystalDual cabinet is the sister product to IGT's widely praised CrystalCore cabinet and offers an array of unique features including an ergonomic design with a wide player button panel and built-in mobile device charging port. Video slot enthusiasts in Argentina will soon enjoy engaging game themes on the CrystalDual cabinet including the Golden Eagle, Turquoise Princess and Sakura Tree games. From classic three-reel, single-payline games, to five-reel multi-line games, the S3000 cabinet includes a simple five-button panel that is complemented by a touch screen display. The S3000 cabinet is backed by an extensive pipeline of new and classic themes and is poised to meet the demands of any player type.

 

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