Scientific Games (SGMS) Tops Q4 EPS by 82c
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Scientific Games (SGMS) Issues Business Strategy Update; Reports Q4 Results
March 1, 2022 4:11 PM ESTScientific Games Corporation (NASDAQ: SGMS) today reported results for the fourth quarter and fiscal year ended December 31, 2021.
Jamie Odell, Executive Chair, stated, from the outset we recognized the enormous opportunity to drive increased shareholder value through re-structuring the balance sheet, redefining the portfolio and becoming a sustainable growth company. We are already seeing the early stages of the strategy successfully executed and with the announced divestitures, the Company will immediately shift from a debt to an equity story and achieve gearing significantly below the levels we underwrote in our... More
