AGS
PlayAGS Inc
PlayAGS Inc
$AGS reports record-setting revenue and EBITDA for Q1, driven by strategic investments in people and products, with focus on further de-leveraging their balance sheet and strong demand for high-performing products.
PlayAGS, Inc. reports Q1 record revenue and EBITDA growth backed by strategic investments in its products and people. The company aims to improve its operational and capital deployment efficiency to de-lever its balance sheet, targeting a net leverage range of 3.25x-3.75x by the end of 2023. PlayAGS, Inc. continues to experience high demand for its high-performing for-sale products, revealing a promising financial outlook for the company. Its plans to invest $65m-$70m in capital expenditure for the year also support this outlook.
4mo ago
$AGSPlayAGS Inc
$AGS reports record Q4 results & plans for reduced leverage.
AGS, a leading global gaming equipment and service provider, reported its Q4 2022 results, recording revenue of $89.1 million, with a YoY increase of 5%. CEO David Lopez credited the company's strong performance to investments made in the R&D, sales, and product management teams. AGS maintains a net leverage within the industry average of 4.0x and aims to reduce it further while maximizing free cash flow. The company plans to invest around $65-$70 million in capital expenditures and expects to reduce net leverage to 3.25x-3.75x by the end of 2023. Despite positive projections, future statements are uncertain and subject to external factors such as the ongoing pandemic.
6mo ago
$AGS