This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Bally Technologies' CEO Discusses F2Q12 Results - Earnings Call Transcript

Bally Technologies, Inc. ( BYI)

F2Q12 Earnings Call

February 1, 2012 4:30 p.m. ET


Richard Haddrill - Chief Executive Officer
Neil Davidson - Chief Financial Officer
Ramesh Srinivasan - President and Chief Operating Officer


Todd Eilers - Roth Capital Partners

John Moraz - JP Morgan

Darnel Bentz – Keybanc

Kelly [Libo] - Deutsche Bank

Ryan Worst – Brean Murray
Barry Jonas - Wells Fargo

Bill Lerner - Union Gaming



Good day, ladies and gentlemen, and welcome to the Second Quarter Fiscal 2012 Bally Technologies Conference Call. (Operator instructions) As a reminder, this conference is being recorded for replay purposes.

At this time, I would like to turn the call over to Mr. Richard Haddrill, Chief Executive Officer. Please proceed, sir.

Richard Haddrill

Well, thank you and welcome, everyone, to Bally Technologies' second quarter fiscal 2012 earnings call. Today's results mark the fourth consecutive quarter of year-over-year revenue and earnings per share growth. And the second consecutive quarter that we raised the bottom end of our guidance range.

This quarter all three of our businesses increased revenue. Recurring revenue increased to 57% of total revenue supporting improved visibility. We have set revenue records in each of the last four quarters for gaming operations driven by significant investments we have made in our game development studios over the past few years.

These investments combined with key platform and hardware innovations are starting to pay off in our gaming equipment sales as we believe we eclipsed 20% ship share in the quarter. We're also doing well on new openings with Revel in Atlantic City allocating over 20% of the floor to Bally products.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,214.42 -10.15 -0.06%
S&P 500 2,110.74 -3.12 -0.15%
NASDAQ 4,987.89 +20.7530 0.42%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs