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International Game Technology (IGT)
NYSE:IGT
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.2Last Year’s EPS
0.46Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: -4.55%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strategic achievements such as the sale of the gaming and digital business, strong cash flow, debt reduction, and expansion in iLottery and contract wins. However, challenges such as the impact of lower multi-state jackpot sales, temporary costs, and high upcoming capital expenditures were also noted.Company Guidance
During the International Game Technology (IGT) Fourth Quarter and Full Year 2024 Earnings Call, the company provided guidance with several key metrics. In 2024, IGT generated over $1 billion in consolidated cash from operations and approximately $660 million in free cash flow, with more than 80% attributed to lottery operations. The lottery business achieved $1.2 billion in EBITDA at a 47% margin. The company reported $2.5 billion in revenue, consistent with 2023, due to a rise in instant ticket and draw games balanced by a decrease in U.S. multi-state jackpot sales. IGT's net debt leverage, adjusted for the $2 billion gaming and digital sales proceeds, was 2.4 times, marking the lowest level in its history. For 2025, IGT expects revenue between $2.55 billion and $2.65 billion, with adjusted EBITDA ranging from $1.1 billion to $1.15 billion. The company forecasts a negative $300 million cash from operations, primarily due to upfront costs related to the Italy Lotto contract. Additionally, IGT announced plans for significant capital investments over the next few years, with CapEx expected to be between $400 million and $450 million annually in 2025 and 2026.Strategic Sale of Gaming and Digital Business
IGT announced the sale of its gaming and digital business for over $4 billion in cash, allowing the company to focus on its leading lottery business.
Strong Cash Flow and Debt Reduction
In 2024, IGT generated over $1 billion in consolidated cash from operations and repaid significant debt, achieving a pro forma net debt leverage of 2.4 times, the lowest in IGT history.
iLottery Expansion and Growth
iLottery sales rose 28% in Q4 and for the full year, with broad-based momentum across the US, Italy, and Europe. IGT's iLottery platform is now deployed in 11 jurisdictions.
Significant Contract Wins and Extensions
IGT secured several long-term contracts, including a 10-year FM and iLottery contract with Luxembourg and extensions with North Carolina, Mississippi, Virginia, and Tennessee lotteries.
New Printing Press and Increased Production Volume
IGT won several new instant ticket service contracts and increased production capacity, leveraging its new state-of-the-art printing press.
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IGT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IGT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $17.82 | $18.14 | +1.80% |
| Nov 12, 2024 | $20.94 | $20.53 | -1.96% |
| Jul 30, 2024 | $22.73 | $22.14 | -2.60% |
| May 14, 2024 | $19.20 | $19.76 | +2.92% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does International Game Technology (IGT) report earnings?
International Game Technology (IGT) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is International Game Technology (IGT) earnings time?
International Game Technology (IGT) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IGT EPS forecast?
IGT EPS forecast for the fiscal quarter 2025 (Q1) is 0.2.
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