International Game Technology PLC(IGT)

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International Game Technology PLC(IGT) - 2024 Q4 - Annual Report
2025-02-25 11:45
Exhibit 99.2 Cautionary Statement Regarding Forward-Looking Statements Comparability of Results Non-GAAP Financial Measures All figures presented in this presentation are prepared under U.S. GAAP. unless noted otherwise. Management supplements the reporting of financial information, determined under GAAP. th certain non-GAAP financial information. Management belie es the non-GAAP information presented provides investors Managements be reperting of mancal infrinclop, determino unde 640-7, with oerdin nor-GAP ...
INTERNATIONAL GAME TECHNOLOGY PLC REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS
Prnewswire· 2025-02-25 11:40
Core Insights - IGT reported solid financial results for 2024, achieving its outlook with a focus on long-term growth and shareholder returns following the strategic review and sale of its Gaming & Digital business for $4.05 billion [2][4][8] Financial Performance Overview - Fourth Quarter 2024: - Revenue of $651 million, down 4% from $681 million in Q4 2023, attributed to prior year’s record product sales [3][4] - Operating income decreased to $179 million from $197 million, with a margin of 27.4% [3][4] - Income from continuing operations rose to $116 million, a 60% increase year-over-year, with a margin of 17.9% [3][4] - Adjusted EBITDA of $290 million, down 8% from $316 million, with a margin of 44.5% [3][4][7] - Full Year 2024: - Total revenue of $2.5 billion, consistent with the previous year [8] - Operating income of $686 million, down from $752 million, with a margin of 27.3% [8] - Income from continuing operations increased to $271 million, with a margin of 10.8% [8] - Adjusted EBITDA of $1.17 billion, down 4% from $1.21 billion, with a margin of 46.6% [8] Cash Flow and Liquidity - Net cash provided by operating activities was $689 million from continuing operations, down 25% from $916 million in the prior year [3][8] - Total liquidity stood at $1.9 billion as of December 31, 2024, including $584 million in unrestricted cash [9] Strategic Developments - The company announced the sale of its Gaming & Digital business, expected to close by Q3 2025, which is anticipated to enhance its focus on lottery solutions and innovative game content [2][6] - IGT secured several long-term contracts, including a seven-year facilities management contract with Colorado Lottery and extensions with various state lotteries [6] Market Performance - Strong growth in instant ticket and draw game sales was noted, particularly in the U.S. and Canada, contributing to overall revenue [5][6] - Same-store sales growth in Italy was reported at 7.0%, while U.S. multi-state jackpots saw a decline of 20.2% [6][28] Future Outlook - For 2025, IGT expects revenue between $2.55 billion and $2.65 billion, with low to mid-single-digit growth anticipated [11][23] - Adjusted EBITDA is projected to be between $1.10 billion and $1.15 billion, reflecting ongoing investments in business initiatives [11][23]
IGT Achieves Improved ESG Score from FTSE Russell
Prnewswire· 2025-02-18 11:45
Core Insights - International Game Technology PLC (IGT) achieved an ESG Score of 4.3 out of 5.0 from FTSE Russell, placing it in the 97th percentile within the Travel and Leisure sector, an improvement from its previous score of 4.2 in 2023 [1][2] Group 1: ESG Performance - IGT's improved ESG score reflects its commitment to enhancing sustainability practices and leadership through its global Sustainable Play program [2] - The ESG Scores from FTSE Russell are based on over 300 individual indicator assessments, aligning with the UN Sustainable Development Goals (SDGs) [2] Group 2: Company Overview - IGT is a global leader in gaming, providing responsible gaming experiences across various channels, including Lotteries, Gaming Machines, Sports Betting, and Digital [4] - The company has approximately 11,000 employees and maintains relationships with governments and regulators in over 100 jurisdictions worldwide [4]
IGT Delivers Upgraded Lottery Solutions to Tennessee Education Lottery with Nine-Year Contract Extension
Prnewswire· 2025-02-13 11:45
Core Points - International Game Technology PLC ("IGT") announced a nine-year contract extension with the Tennessee Education Lottery ("TEL") starting from June 2027 to June 2036 [1] - IGT has been a partner of TEL since 2004, providing innovative solutions that have contributed to the growth of educational funding in Tennessee, raising over $7.5 billion [3] - The contract includes the deployment of IGT's Aurora™ central system and upgraded back-office applications, along with new terminals and communication network upgrades [2][3] Company Overview - IGT is a global leader in gaming, providing a wide range of gaming experiences across various channels, including lotteries, gaming machines, sports betting, and digital platforms [5] - The company has a strong presence in the lottery market, serving 26 of the 46 lotteries in the U.S. and eight of the world's ten largest lotteries [4] - IGT employs approximately 11,000 people and is committed to delivering high standards of service, integrity, and responsibility [5]
IGT and Graton Resort & Casino Celebrate Global Debut of Wheel of Fortune Trio Cabinet
Prnewswire· 2025-02-12 21:31
Core Insights - IGT has launched the Wheel of Fortune Cash Link Big Money game on the new Wheel of Fortune Trio cabinet at Graton Resort & Casino, marking its global debut [1][2] - The Wheel of Fortune slots brand is highly popular, with a strong player affinity, and the new cabinet is expected to enhance jackpot excitement [2] - IGT has a long-standing relationship with Sony Pictures Television, extending its licensing agreement to produce Wheel of Fortune games through 2034 [3] Company Overview - IGT is a global leader in gaming, providing a wide range of gaming experiences across various channels, including lotteries, gaming machines, sports betting, and digital platforms [5] - The company has approximately 11,000 employees and operates in over 100 jurisdictions worldwide, focusing on responsible gaming and high service standards [5] Product Features - The Wheel of Fortune Trio cabinet features a 76-inch mechanical wheel and three 49-inch ultra-high-definition screens, creating an immersive gaming experience [2] - The Cash Link Big Money game includes features such as a Cash Link coin collection, Cash on Reels mechanic, and a Cash Link Multiplier that can award up to 35X [2]
IGT Improves Score in S&P Global Corporate Sustainability Assessment for Fifth Consecutive Year
Prnewswire· 2025-01-30 11:45
Core Insights - International Game Technology PLC (IGT) achieved an improved score in the 2024 S&P Corporate Sustainability Assessment (CSA) for the fifth consecutive year, indicating strong year-over-year environmental, social, and governance (ESG) performance [1][2][3] Group 1: Sustainability Performance - IGT received an overall CSA score of 62, reflecting an improvement of eight points from the previous year, and achieved a perfect score in transparency and reporting [2][3] - The company ranks in the top decile within the casinos and gaming industry, showcasing its commitment to sustainability [2][3] Group 2: Commitment to Sustainability - IGT's Sustainable Play program emphasizes the importance of valuing and protecting people, advancing responsibility, supporting communities, and fostering sustainable operations [3] - The CSA, established in collaboration with Dow Jones Indices, evaluates companies across 61 industries based on approximately 20 financially relevant sustainability criteria [3] Group 3: Company Overview - IGT is a global leader in gaming, providing responsible gaming experiences across various channels, including lotteries, gaming machines, sports betting, and digital platforms [5] - The company has a workforce of approximately 11,000 employees and maintains relationships with governments and regulators in over 100 jurisdictions worldwide [5]
International Game Technology PLC to Host Fourth Quarter and Full Year 2024 Results Conference Call on Tuesday, February 25, 2025
Prnewswire· 2025-01-28 11:45
LONDON, Jan. 28, 2025 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) will host a conference call and live webcast on Tuesday, February 25, 2025 to discuss fourth quarter and full year 2024 results for the period ended December 31, 2024. Conference call details:Tuesday, February 25, 20258:00 a.m. EST Conference call registration: Participants are encouraged to pre-register for the conference call by clicking here. Upon registering, participants will receive a dial-in number and unique P ...
IGT Recognized with Top Honors at ICE Barcelona 2025 Award Programs
Prnewswire· 2025-01-22 21:31
Awards and Recognition - The company won "Lottery Product of the Year" at the International Gaming Awards for the third consecutive year, highlighting its leadership and innovation in the lottery sector [1][2][5] - The company was named "Best Diversity and Inclusion Employer" at the European Casino Awards for the fourth consecutive year, reflecting its commitment to fostering an inclusive workplace [1][2][5] Company Overview - The company is a global leader in gaming, offering lottery, gaming machines, sports betting, and digital gaming solutions across more than 100 jurisdictions [3] - It employs approximately 11,000 people and leverages innovation, player insights, and technology to deliver engaging gaming experiences [3] Product Innovation - The company's LotteryLink product revolutionizes lottery ticket sales in stores, offering universal applicability and ease-of-use for global lotteries and retailers [2] Corporate Culture and Initiatives - The company's diversity, equity, and inclusion (DEI) initiatives are integral to its market value creation, emphasizing employee support and career growth [2]
IGT Modernizes Central Lottery System for LOTTO Thüringen in Germany via Seven-Year Contract Extension
Prnewswire· 2025-01-22 11:45
Company to deliver comprehensive retail system technology and upgraded software to drive lottery growth in ThuringiaLONDON, Jan. 22, 2025 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced that its subsidiary, IGT Global Services Limited, has signed a seven-year contract with the Thuringian State Lottery ("LOTTO Thüringen") in Germany to deploy its retail central system technology, Aurora™, and related software upgrades. The contract term will begin upon go-live of the new ...
IGT Wins 10-Year Contract with Loterie Nationale to Deliver World-Class Lottery and iLottery Solutions in Luxembourg
Prnewswire· 2025-01-21 11:45
LONDON, Jan. 21, 2025 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its subsidiary, IGT Global Services Limited, signed a 10-year contract with the national lottery of Luxembourg, Loterie Nationale. Under the terms of the agreement, IGT will deploy its high-performing, player-centric OMNIA™ solution, including its cloud-based iLottery system and remote game server ("RGS"), an upgrade to the Lottery's central gaming system, and new point-of-sale terminals and peri ...