Revenue up at Scientific Games
EBITDA increased US$ 38.3 million year-on-year to US$ 128.2 million, although the company incurred a net loss of US$ 69.8m, some of which relate to the costs associated with its pending acquisition of Bally Technologies.
"During the quarter, the company generated US$126 million of cash flow from operations, which after US$ 62 million of capital expenditures resulted in US$ 65million of free cash flow," said Gavin Isaacs, president and CEO.
"While our operating results still require further improvement to achieve the level of performance we expect, we believe we are making solid progress in utilization of working capital, implementation of WMS-related integration initiatives, strengthening the organization-wide focus on disciplined cost management and directing capital allocation only toward our highest-return opportunities."
For the nine months to September 30, revenue at the company increased US$ 531.6 million from the prior-year period to USD 1.2 billion. EBITDA increased to US$ 383.1m from US$ 252 million.
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