The company posted shareholder net income of $42 million in the three months to June 30, compared with $46 million in the prior year.
IGT's Board of Directors declared a quarterly cash dividend of US$0.20 per common share to be paid on August 27.
The group operates three main categories: Global Lottery; Global Gaming; and PlayDigital, an online content division.
Adjusted earnings (EBITDA) for the second quarter before interest, taxation, depreciation and amortization was $420 million, down 5.2% from a year ago. EBITDA margin was 40.0% for the period, compared to 42.0% for the second quarter of 2023.
Operating profit for the reporting period decreased 8.4% year-over-year to $230 million.
Excluding the separation and sale costs related to the group's gaming and digital divisions, operating income from April to June would have risen slightly to $256 million year-over-year, the company said.
IGT will sell its gaming and play digital division to a fund managed by an affiliate of private equity firm Apollo Global Management for $4.05 billion, according to an announcement on Friday.
The Apollo-linked funds will simultaneously acquire gaming technology supplier Avery Holdings Inc., paying US$14.25 per share in cash. The transaction is expected to be completed by the end of the third quarter of 2025.
IGT's previous deal to combine with Everi after spinning off its gaming and digital businesses was announced in February but has now ended.
"IGT delivered strong first-half results, including record operating revenue and adjusted EBITDA net of separation and sale costs," Vince Sadusky, IGT's chief executive, said in a comment accompanying the results.
"Continued investments in technology, gaming content and other innovative solutions provide a solid foundation to build when we execute on our growth goals," he said.
The CEO added, "The recently announced sale of our gaming and digital businesses for $4.05 billion in cash is an important step toward unlocking the essential value of IGT's best-in-class business."
BY: 카지노사이트
