International Game Technology has, reported financial results for the second quarter ended June 30, 2024.

IGT achieved record H1’24 Operating income and Adjusted EBITDA excluding Separation and divestiture costs and delivered Q2’24 revenue of $1.05 billion and Operating income of $230 million, in line with outlook; Adjusted EBITDA was $420 million

Income tax provision of $71 million, compared to $86 million in the prior year, primarily driven by lower valuation allowances on deferred tax assets and lower pre-tax income. Net income of $85 million versus $90 million in the prior-year period.

“IGT delivered strong first half results, including record operating income and Adjusted EBITDA net of Separation and divestiture costs,” said Vince Sadusky, CEO of IGT. “Consistent investments in technology, game content, and other innovative solutions provide us a solid foundation to build from as we execute on our growth objectives. The recently announced sale of our Gaming & Digital business for $4.05 billion in cash is an important step in unlocking the intrinsic value of IGT’s best-in-class businesses.”

“We generated over $460 million in cash from operations in the first half of the year and our balance sheet is as strong as ever,” said Max Chiara, CFO of IGT. “Our ample liquidity and manageable near-term debt maturities provide us significant flexibility in light of upcoming investments to extend and secure our long-term lottery contract portfolio for the coming years.”