UPDATE: Light & Wonder (LNW) Tops Q1 EPS by 10c
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Light & Wonder Reports First Quarter 2022 Results
May 10, 2022 4:05 PM EDTConsolidated Revenue from Continuing Operations of $572 Million Up 26% Year-Over-Year
Closed Sale of Lottery Business Generating $5.6 Billion in Gross Cash Proceeds as Company Executes on Vision to be a Leading Cross-Platform Global Game Company
Significantly De-Levering, Reducing Principal Amount of Outstanding Debt(1)(2) from $8.9 Billion at Quarter-end to Adjusted Outstanding Debt(1)(2) of $4.0 Billion and Adjusted Net Debt Leverage Ratio(1)(2) of 3.7x
Returned $140 Million of Capital to Shareholders Through the Repurchase of 2.4 Million Shares(3)
LAS VEGAS--(BUSINESS WIRE)-- Light & Wonder, Inc.... More
