IGT reports 3Q results

Highlights:

-- Adjusted EBITDA of $414 million and adjusted earnings per share of $0.41; GAAP earnings per share of $0.04
-- Resilient profitability reflects diversity of business, disciplined operational management and synergy benefits
-- Free cash flow was $132 million in the third quarter
-- The Company is confident in reaching the top half of its full year 2015 adjusted EBITDA outlook

"We are pleased to report third quarter profitability in line with our expectations in this year of transformation," said Marco Sala, CEO of IGT. "In our global lottery operations, we delivered another resilient set of results and we are encouraged by our new game performance. As expected, product sales moderated from the second quarter's high level. We are focused on driving growth through innovation. Our recent showcases at the leading gaming and lottery trade shows demonstrated that commitment and the power of combining our compelling content and leading-edge technology to cement our industry leadership."

"Our third quarter results reflect the diversity of our business and disciplined operational management," said Alberto Fornaro, CFO of IGT. "Our synergy plans remain on track, free cash flow generation was strong, net debt was reduced, and our financial condition remains solid. We planned our first year as a combined company prudently; based on our year-to-date results and current top-line visibility, we are confident in reaching the top half of our 2015 adjusted EBITDA outlook."

Click here to see the full report: http://ir.igt.com/phoenix.zhtml?c=119000&p=irol-newsArticle&ID=2111750