Scientific Games (SGMS) Tops Q1 EPS by 30c, Revenues Beat

Scientific Games (NASDAQ: SGMS) reported Q1 EPS of ($0.16), $0.30 better than the analyst estimate of ($0.46). Revenue for the quarter came in at $729 million versus the consensus estimate of $715.72 million.

Barry Cottle, President and Chief Executive Officer of Scientific Games, said, "I am extremely pleased with our progress this quarter. Despite the continued challenges, our teams' dedication and focus enabled us to build on our gains from last year. We delivered another strong quarter, enabling us to return to growth on both the top and bottom lines. Our new Gaming strategy and product roadmap continues to have success and our Lottery, SciPlay and Digital businesses delivered strong growth in the quarter. Our results demonstrate the strength of our content and franchises, engaging players on any platform they want to play. The executive team and our Board are continuing to work together and are making great progress as we look to optimize our portfolio, deleverage our balance sheet and capitalize on key areas of growth in order to unlock value for our shareholders."

Michael Eklund, Executive Vice President and Chief Financial Officer of Scientific Games, added, "The team has really stepped up to make meaningful progress on our key initiatives. We remain laser focused on delivering revenue and AEBITDA growth, and strengthening our balance sheet. Our continued focus on operational efficiency is enhancing our cash flows. We are executing at a high level and I could not be more excited about the path forward for Scientific Games."

For earnings history and earnings-related data on Scientific Games (SGMS) click here.

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