International Game Technology (IGT) has released an update.
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International Game Technology PLC (IGT) reports a slight revenue increase to $1.07 billion in Q1 2024, with Global Lottery growth offsetting Gaming & Digital sales timing. The company achieved a stable operating income of $256 million and is raising its full-year revenue and profit forecasts, buoyed by solid Q1 performance and progress on its Global Lottery separation and transaction with Everi. IGT boasts a strong financial position with low net debt leverage and high liquidity, signaling strategic corporate advancements and shareholder returns.
For further insights into IGT stock, check out TipRanks’ Stock Analysis page.