International Game Tech (IGT) Tops Q2 EPS by 24c
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INTERNATIONAL GAME TECHNOLOGY PLC REPORTS SECOND QUARTER 2022 RESULTS
August 2, 2022 6:40 AM EDTRevenue of $1.02 billion, down 2% as reported and up 3% at constant currency, led by 23% growth in Global GamingOperating income of $228 million; operating income margin of 22% at high end of outlook on substantial increase in Global Gaming profitability and resilience in Global Lottery marginAdjusted EBITDA of $409 million, in line with prior year's record level at constant currency as Global Gaming performance offsets Lottery discrete benefits in the prior year; 40% adjusted EBITDA margin remains among the highest in Company historyRecognized a non-operating expense of $150 million representing the probable loss... More
