Bally Technologies reported a dip in operating income and earnings per share for the 12 weeks ended 31st December, but EPS more than doubled after factoring in five weeks of results from SHFL.
The slot giant’s second fiscal quarter saw the completion of its US$1.3 billion buyout of rival SHFL, which CEO Ramesh Srinivasan described as “transformative”.
Mr Srinivasan said the Bally and SHFL sales, services and product development teams have been integrated, a process the company expects to result in annual cost savings of $40 million.
“While more work remains to be done, we are off to a terrific start and are tracking ahead of our synergy targets,” he said.
Operating income at $44.5 million was down from $56.6 million in the same quarter a year ago, and earnings per share at 54 cents were down from 80 cents, but when adjusted to account for SHFL, earnings per share rose to $1.06.
Revenue for the quarter was up 20 percent to $285 million, of which roughly 51% was generated by participation games.
Highlights for the quarter included a shipment of 1,025 video lottery terminal games into the US state of Illinois two separate systems sales to Boyd Gaming and Australian Leisure and Hospitality Group.
