IGT PLC reports fourth quarter and full year 2022 financial results
Tuesday 28 de February 2023 / 12:00
⏱ 1 min read
(London).- International Game Technology PLC today reported financial results for the fourth quarter and full year ended December 31, 2022. Today, management hosted a conference call and webcast to present the results.
"We achieved all our financial goals last year while strengthening product leadership positions across our Global Lottery, Global Gaming, and PlayDigital activities," said Vince Sadusky, CEO of IGT. "Important strategic work executed over the last few years has transformed IGT into a company with higher growth prospects, a better profit profile, and a solid path to delivering on our long-term goals. It has also enabled record capital returns to shareholders in 2022. We enter 2023 from a position of strength with good momentum across business segments."
"2022 was another year of significant financial accomplishments," said Max Chiara, CFO of IGT. "With reduced interest expense and improvements to the effective tax rate, 2022 adjusted EPS highlights IGT's significantly improved earnings power. We generated strong cash flow while funding increased investments for future growth. This, coupled with proceeds from sales of non-core businesses, allowed us to meaningfully reduce debt and leverage to the lowest levels ever. The Company's enhanced credit profile and significant liquidity provide solid support and flexibility as we execute our multi-year plan."
Categoría:Reports & Data
Tags: IGT, Gaming Laboratories International,
País: United Kingdom
Región: EMEA
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