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Others

Scientific Games Reports Fourth Quarter and Full Year 2020 Results

Tuesday 02 de March 2021 / 09:16

2 minutos de lectura

(Las Vegas).- Scientific Games Corporation reported results for the fourth quarter and full year ended December 31, 2020.

Scientific Games Reports Fourth Quarter and Full Year 2020 Results
Sequential improvement in consolidated results, record full year revenue at SciPlay, Lottery and Digital
Strong execution across diverse portfolio, continued to make operational progress against strategy
Disciplined cost and balance sheet management
Generated $159 million of operating cash flow and $72 million of free cash flow

 


Barry CottleCEO and President of Scientific Games, said, "While 2020 certainly had unforeseen challenges, I couldn't be more proud of our team for successfully navigating through them. The strong execution coupled with the diversity of our business enabled positive cash flow. As we start off the year, I am truly excited about the team, products, and game franchises that should enable share gains, deal wins, and opportunities to enter new genres. The executive team and our Board are working purposefully to transform our Company, capitalize on the evolving industry trends and deliver outsized returns to our Shareholders."


Michael EklundChief Financial Officer of Scientific Games, added, "We continued to execute, having driven cash flow improvements in the fourth quarter despite a number of COVID-19 related restrictions to our land-based business. The focus remains on disciplined cost and balance sheet management. I'm confident in the opportunities for operational and business process improvements that will drive increased cash flow conversion and deleveraging, leading to increased stakeholder value."


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Categoría:Others

Tags: Sin tags

País: United States

Event

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