Bally Technologies, Inc. (NYSE: BYI)
Bally Technologies' Chief Financial Officer Neil Davidson (Photo: Business Wire)
- SYSTEMS REVENUE SETS A QUARTERLY RECORD FOR THE FOURTH CONSECUTIVE QUARTER OF $85 MILLION, UP 51 PERCENT FROM PRIOR YEAR
- INITIATES COMBINED FISCAL 2014 ADJUSTED EPS GUIDANCE OF $4.30 TO $4.50
- SHFL INTEGRATION-RELATED COST SYNERGIES EXPECTED TO BE AT LEAST $40 MILLION
Bally Technologies, Inc. (NYSE: BYI) (“Bally” or the “Company”), a leader in gaming machines, table-game products, casino-management systems, interactive applications, and networked and server-based systems for the global gaming industry, today announced record quarterly revenue of $285 million and Adjusted EPS of $1.06 for the three months ended December 31, 2013, inclusive of a $0.02 loss per share from unfavorable foreign currency movements. Diluted earnings per share (“GAAP Diluted EPS”) was $0.54 for the three months ended December 31, 2013. Second quarter fiscal 2014 results include 37 days of operations from SHFL entertainment, Inc. (“SHFL”).
“Our second quarter fiscal 2014 was transformative in many respects,” said Ramesh Srinivasan, the Company’s President and Chief Executive Officer. “We successfully closed the acquisition of SHFL ahead of schedule and the ongoing integration process is moving forward smoothly. We have integrated our sales, services and product development teams while simultaneously continuing to execute well on our core businesses as evidenced in our second quarter results. Customer response across the globe to the integration, including the combined product roadmaps, has been positive. While more work remains to be done, we are off to a terrific start and are tracking ahead of our synergy targets. We believe that Bally is now well-positioned to continue industry-leading innovation and growth.”