AGS
PlayAGS Inc
PlayAGS 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.
19d ago
$AGS