Gaming device manufacturer Light & Wonder (NASDAQ: LNW) is on pace to reach its previously stated goal of generating earnings before interest, taxes, depreciation, and amortization (EBITDA) of $1.4 billion by 2025.
CEO Matt Wilson made comments to that effect in a recent interview with Australia’s CommSecTV. Wilson, who assumed the top spot at the slot machine maker last September, said the company’s debt reduction efforts are paying off and that it’s in position to take EBITDA from $913 million last year to $1.4 billion by 2025.
We feel a really high level of conviction about getting there,” the chief executive officer said in the interview.
Shares of Light & Wonder are up 9.32% year to date and will be added to the widely followed Russell 2000 Growth Index on June 30. The company is coming off a busy May in which it commenced a secondary listing on the Australian Securities Exchange (ASX) and bid anew for the 17% of social casino developer SciPlay (NASDAQ: SCPL) it doesn’t yet own.
CEO Matt Wilson made comments to that effect in a recent interview with Australia’s CommSecTV. Wilson, who assumed the top spot at the slot machine maker last September, said the company’s debt reduction efforts are paying off and that it’s in position to take EBITDA from $913 million last year to $1.4 billion by 2025.
We feel a really high level of conviction about getting there,” the chief executive officer said in the interview.
Shares of Light & Wonder are up 9.32% year to date and will be added to the widely followed Russell 2000 Growth Index on June 30. The company is coming off a busy May in which it commenced a secondary listing on the Australian Securities Exchange (ASX) and bid anew for the 17% of social casino developer SciPlay (NASDAQ: SCPL) it doesn’t yet own.