Everi

Everi Holdings, Inc. engages in the provision of technology solutions to the casino, interactive and gaming industry. It operates through the following segments: Games and FinTech. The Games segment focuses on leased gaming equipment, sales of gaming equipment, gaming systems, interactive solutions and ancillary products and services. The FinTech segment provides access to cash at gaming facilities via ATM cash withdrawals, credit card cash access transactions and point of sale debit card cash access transactions, check-related services, fully integrated kiosks and maintenance services, compliance, audit and data software, casino credit data and reporting services and other ancillary offerings. The company was founded on February 4, 2004 and is headquartered in Las Vegas, NV.

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Everi posts robust Q4 earnings, eyes North American VLT market

Everi's Q4 2022 performance reflects strong revenue growth and profitability, driven by high-margin recurring revenue streams.
The company's focus on new initiatives, including digital iGaming and expansion into new markets, positions it for continued growth.
Challenges lie in managing supply chain issues, balancing costs with revenue growth, and optimizing capital deployment.
Opportunities abound in entering new markets, pursuing M&A, and introducing innovative gaming products to drive future success.

Everi reports strong Q1 earnings, eyes new market growth

Everi's Q1 2023 performance showed solid revenue growth, driven by successful product launches and strategic acquisitions.
While facing challenges in certain U.S. gaming regions and potential shipment delays, Everi remains focused on expanding into new markets and maintaining financial strength.
Opportunities in digital gaming, new market segments, and ongoing product innovation position Everi for continued growth and earnings success.
With a reaffirmed annual guidance and strong financial metrics, Everi is poised for a promising year ahead with a focus on sustainable growth.

Everi reports solid Q2 performance, eyes growth through digital initiatives

Everi's Q2 2023 performance was solid, driven by Fintech revenue growth and strategic acquisitions.
Challenges include unexpected churn in the installed base and revised annual guidance due to higher expenses.
Opportunities lie in new product releases, digital initiatives, and growth from recent acquisitions.

Everi reports solid Q3 performance, eyes growth in new markets

Everi's Q3 performance showcased resilience and strategic focus on long-term growth, with strong revenue and EBITDA figures.
Despite challenges in the Games business, the company's proactive approach to innovation and market expansion bodes well for future success.
Opportunities in new markets and product offerings, coupled with a solid capital allocation strategy, position Everi for accelerated growth in 2024.

Everi to merge with IGT, anticipates revenue growth acceleration

Everi Holdings plans to merge with IGT's businesses, expecting revenue growth acceleration and synergies. Despite challenges in operating expenses, the company anticipates improved performance in the second half of 2024. Opportunities lie in revenue growth, Fintech business improvement, and new product launches.

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Everi Holdings, Inc. engages in the provision of technology solutions to the casino, interactive, and gaming industry. It operates through the Games and Financial Technology Solutions (FinTech) segments. The Games segment focuses on leased gaming equipment, sales of gaming equipment, gaming systems, interactive solutions, and ancillary products and services. The FinTech segment provides access to cash at gaming facilities via ATM cash withdrawals, credit card cash access transactions and point of sale debit card cash access transactions, check-related services, fully integrated kiosks and maintenance services, compliance, audit and data software, casino credit data, and reporting services and other ancillary offerings. The company was founded on February 4, 2004 and is headquartered in Las Vegas, NV.

Although the revenue and EPS for Everi Holdings (EVRI) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Everi Holdings (EVRI) Q2 Earnings

Revenues Rise 6% Reflecting Growth in Both Games and FinTech Segments including a 9% Increase in Recurring Revenues Company Updates Full Year Outlook LAS VEGAS , Aug. 9, 2023 /PRNewswire/ -- Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company"), today announced results for the second quarter ended June 30, 2023. Revenues increased 6% to $208.7 million from $197.2 million a year ago FinTech segment revenues grew 13% to $95.6 million, reflecting a 26% increase in software and other revenues, a 9% rise in financial access revenues and a 6% increase in hardware revenues Games segment revenues rose 1% to $113.1 million, reflecting a 5% rise in gaming operations partially offset by an 8% decline in gaming equipment and systems sales revenues Recurring revenues grew 9% to $151.6 million and represented 73% of total revenues; non-recurring revenues declined 1% to $57.1 million Operating income of $53.3 million declined 2% from $54.5 million in the prior year; net income decreased 16% to $27.4 million, or $0.29 per diluted share, compared to $32.5 million, or $0.33 per diluted share, in the 2022 second quarter, primarily due to higher net interest costs of $7.8 million in the second quarter of 2023 Adjusted EPS , a non-GAAP financial measure, was $0.41 per diluted share compared with $0.48 per diluted share in the prior year Adjusted EBITDA, a non-GAAP financial measure, increased 2% to $96.1 million compared with $94.4 million in the 2022 second quarter Free Cash Flow, a non-GAAP financial measure, was $47.7 million compared with $49.8 million in the 2022 second quarter Repurchased 2.7 million shares for $40.0 million in the 2023 second quarter under the $180 million share repurchase authorization, with $140.0 million available to repurchase Revised 2023 outlook, including net income range of $98 million to $106 million, Adjusted EBITDA range of $380 million to $386 million and Free Cash Flow range of $147 million to $153 million   Randy Taylor, Chief Executive Officer of Everi, said, "Our second quarter results include 6% year over year revenue growth.

EVERI REPORTS SECOND QUARTER 2023 RESULTS

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Components such as valuation, growth, and rising earnings estimates help reconfirm it's time to buy these top-rated stocks for their affordable prices and investment potential.

Don't Overlook These Affordable Stocks as Earnings Approach

Everi (EVRI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Everi (EVRI)

Crawford (CRD.A) came out with quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.15 per share a year ago.

Crawford (CRD.A) Q2 Earnings Lag Estimates

Everi Holdings (EVRI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Everi Holdings (EVRI) Beat Estimates Again in Its Next Earnings Report?

The consensus price target hints at a 65.6% upside potential for Everi Holdings (EVRI). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Does Everi Holdings (EVRI) Have the Potential to Rally 65.57% as Wall Street Analysts Expect?

LAS VEGAS , July 14, 2023 /PRNewswire/ -- Everi Holdings Inc. (NYSE:EVRI) announced today that it will release its 2023 second quarter results before the market opens on Wednesday, August 9, 2023, and host a conference call and simultaneous webcast at 11:00 a.m. ET / 8:00 a.m.

EVERI TO REPORT 2023 SECOND QUARTER RESULTS ON AUGUST 9 AND HOST CONFERENCE CALL AND WEBCAST

New Inter Miami CF App Enhances Experience for Club Supporters LAS VEGAS and MIAMI , June 20, 2023 /PRNewswire/ -- Venuetize, Everi Holdings Inc.'s (NYSE: EVRI) ("Everi" or "the Company") leading mobile technology and advanced e-commerce platform for the sports, hospitality, and entertainment industries, today announced it has been selected by Inter Miami CF ("Inter Miami") as the foundation for their fan engagement mobile strategy. Everi's Venuetize platform enhances the Inter Miami CF mobile strategy, giving all Inter Miami supporters a refreshed user experience.

INTER MIAMI CF SELECTS EVERI'S VENUETIZE SOLUTION AS FOUNDATION FOR SUPPORTER ENGAGEMENT MOBILE STRATEGY

Muscogee Creek Mobile App Go-Live Represents Everi's First Launch in Oklahoma LAS VEGAS and TULSA, Okla. , May 31, 2023 /PRNewswire/ -- Everi Holdings Inc. (NYSE: EVRI) and its subsidiaries ("Everi" or "the Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, and player loyalty solutions, today announced the launch of the Muscogee Creek Mobile App at all nine Muscogee (Creek) Nation Casinos in Oklahoma.

EVERI LAUNCHES MOBILE APP TECHNOLOGY AT NINE MUSCOGEE (CREEK) NATION CASINOS

Everi Holdings Inc. (NYSE:EVRI ) Q1 2023 Earnings Conference Call May 10, 2023 11:00 AM ET Company Participants Jennifer Hills - Vice President, Investor Relations Randy Taylor - Chief Executive Officer Mark Labay - Chief Financial Officer Dean Ehrlich - Games Business Leader Darren Simmons - FinTech Business Leader Conference Call Participants David Katz - Jefferies Jeff Stantial - Stifel Barry Jonas - Truist Securities John Davis - Raymond James Chad Beynon - Macquarie Edward Engel - ROTH MKM George Sutton - Craig-Hallum Capital Group Operator Hello, everyone. Thank you for standing by, and welcome to the Everi Holdings 2023 First Quarter Earnings Conference Call.

Everi Holdings Inc. (EVRI) Q1 2023 Earnings Call Transcript

The headline numbers for Everi Holdings (EVRI) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About Everi Holdings (EVRI) Q1 Earnings

Everi Holdings (EVRI) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.31 per share a year ago.

Everi Holdings (EVRI) Q1 Earnings and Revenues Beat Estimates

Board Authorized New and Expanded $180 million, 18-month Share Repurchase Program, Representing 13.5% of Current Market Capitalization LAS VEGAS , May 10, 2023 /PRNewswire/ -- Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company"), today announced results for the first quarter ended March 31, 2023. First  Quarter 2023 and Recent Highlights Revenues increased 14% to $200.5 million from $175.6 million a year ago FinTech segment revenues grew 20% to $93.1 million, reflecting a 35% increase in software and other revenues, a 34% increase in hardware revenues, and a 13% rise in financial access revenues Games segment revenues rose 9% to $107.4 million, reflecting a 15% increase in equipment sales revenues and a 7% rise in gaming operations revenues Recurring revenues grew 11% to $148.9 million and represented 74% of total revenues; non-recurring revenues rose 25% to $51.6 million Operating income of $52.0 million was essentially flat; net income decreased 11% to $28.1 million, or $0.30 per diluted share, compared to $31.5 million, or $0.31 per diluted share, in the 2022 first quarter, primarily due to higher net interest expense Adjusted EPS, a non-GAAP financial measure, was $0.43 per diluted share compared with $0.42 per diluted share in the prior year Adjusted EBITDA, a non-GAAP financial measure, increased 3% to $92.5 million compared with $89.6 million in the 2022 first quarter Free Cash Flow, a non-GAAP financial measure, was $37.1 million compared with $51.6 million in the 2022 first quarter Everi's Board of Directors authorized a new $180 million, 18-month share repurchase program that replaces the Company's previous $150 million program Randy Taylor, Chief Executive Officer of Everi, said, "Overall, our first quarter results continued to demonstrate our consistent growth profile, as we further execute on our organic growth initiatives and benefit from several acquisitions we completed over the last twelve months.

EVERI REPORTS FIRST QUARTER 2023 RESULTS

Earns Four Culture Excellence Awards LAS VEGAS , May 8, 2023 /PRNewswire/ -- Everi Holdings Inc. (NYSE: EVRI) ("Everi" or "the Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, and player loyalty solutions, today announced the Company has been recognized by the Las Vegas Review-Journal and Las Vegas Business Press with a 2023 Nevada Top Workplaces® award. This is the third year in a row Everi has received this recognition, and the Company has received 21 Top Workplaces honors in total over the past three years.

EVERI NAMED TO NEVADA "TOP WORKPLACES 2023" LIST BY THE LAS VEGAS REVIEW-JOURNAL AND LAS VEGAS BUSINESS PRESS FOR THIRD YEAR IN A ROW

Crawford (CRD.A) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.15 per share a year ago.

Crawford (CRD.A) Q1 Earnings and Revenues Surpass Estimates

LAS VEGAS , April 18, 2023 /PRNewswire/ -- Everi Holdings Inc. (NYSE:EVRI) announced today that it will release its 2023 first quarter results before the market opens on Wednesday, May 10, 2023, and host a conference call and simultaneous webcast at 11:00 a.m. ET / 8:00 a.m.

EVERI TO REPORT 2023 FIRST QUARTER RESULTS ON MAY 10 AND HOST CONFERENCE CALL AND WEBCAST

Churchill Downs

Phase Two of App Rollout Features Kentucky Derby Mode LOUISVILLE, Ky. and LAS VEGAS , April 5, 2023 /PRNewswire/ -- Everi Holdings Inc.'s (NYSE: EVRI) ("Everi" or "the Company") leading mobile technology and advanced e-commerce platform for the sports, hospitality, and entertainment industries, the Venuetize mobile app ("Venuetize"), today announced it has launched Phase Two of the Churchill Downs Racetrack mobile experience, which now showcases the unique features of the iconic brands, the Kentucky Derby and Churchill Downs Racetrack – the world's most legendary racetrack.

Churchill Downs Racetrack Launches New Mobile Experiences via Everi's Venuetize Platform

Represents First Installation of Video Cabinet Featuring Unique Custom Display LAS VEGAS ,  April 3, 2023 /PRNewswire/ -- Everi Holdings Inc. (NYSE: EVRI) ("Everi" or "the Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, and player loyalty solutions, today announced the first installation of the company's new Dynasty Vue™ cabinet at Yaamava' Resort & Casino at San Manuel in Highland, Calif. The stunning Dynasty Vue is Everi's first form factor in its new Dynasty family of game cabinets.

EVERI LAUNCHES NEW DYNASTY VUE CABINET AT YAAMAVA' RESORT & CASINO

Vi Incorporates Everi Digital Games, CashClub Wallet®, and Everi Loyalty Products to Engage Players within the Casino Debuts at the Indian Gaming Tradeshow & Convention 2023 in San Diego LAS VEGAS , March 23, 2023 /PRNewswire/ -- Everi Holdings Inc. (NYSE: EVRI) and its affiliates ("Everi" or "the Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, and player loyalty solutions, will debut Vi™ a revolutionary, all-in-one, on-property mobile gaming solution, at the Indian Gaming Tradeshow and Convention ("IGA") 2023 (booth #1841), March 27-30 at the San Diego Convention Center. The new Vi mobile technology combines Everi Digital games, CashClub Wallet®, and the Company's Mobile technology to extend the gaming experience for players beyond the casino floor, within the allowable gaming footprint.

EVERI TO INTRODUCE Vi™ THE ALL-IN-ONE, MOBILE GAMES SOLUTION THAT EXTENDS THE CASINO FLOOR

Innovative Form Factor and Player-Popular Titles on Display at IGA LAS VEGAS , March 21, 2023 /PRNewswire/ -- Everi Holdings Inc. (NYSE: EVRI) ("Everi" or "the Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, and player loyalty solutions, today announced its subsidiary, Everi Games Inc., will highlight the Dynasty Vue™ cabinet – the Company's first form factor in its new Dynasty family of game cabinets – as well as more than 20 new original and six licensed themes at the Indian Gaming Tradeshow and Convention ("IGA") 2023 (booth #1841), March 27-30 at the San Diego Convention Center. The stunning Dynasty Vue provides sightlines comparable to a dual-screen cabinet but features a custom display that enables Everi's designers to create game mechanics players would typically experience on a portrait cabinet, all with the functionality and integrated base of a slant top cabinet.

EVERI TO SHOWCASE NEW DYNASTY VUE CABINET AT THE INDIAN GAMING TRADESHOW & CONVENTION 2023

Sixteen Total Top Workplaces Awards Wins Over Past Three Years LAS VEGAS , March 9, 2023 /PRNewswire/ -- Everi Holdings Inc. (NYSE: EVRI) ("Everi" or "the Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, and player loyalty solutions, today announced the Company has been named to the "Top Workplaces USA 2023" list following a recent independent employee engagement survey conducted by Energage. Everi has now received 16 Top Workplaces honors over the past three years, with this representing the second time the Company has earned national recognition.

EVERI NAMED TO "TOP WORKPLACES USA" LIST FOR SECOND CONSECUTIVE YEAR

LAS VEGAS , March 8, 2023 /PRNewswire/ -- Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company") announced today that the Company's Board of Directors (the "Board") has appointed Debra Nutton to the Board with a start date of April 1, 2023. Ms. Nutton, whom the Board has determined satisfies the criteria as an independent director for the purposes of New York Stock Exchange rules, was also appointed to serve as a member of the Board's Audit Committee, Nominating and Governance Committee, and Compensation Committee.

EVERI APPOINTS DEBRA NUTTON TO ITS BOARD OF DIRECTORS

BOYNTON BEACH, Fla. , March 2, 2023 /PRNewswire/ -- Exacta Systems is proud to announce the launch of Everi's first Historical Horse Racing (HHR) games at Boston Billiards Club & Casino in Nashua, New Hampshire.

EXACTA SYSTEMS LAUNCHES NEW STEPPER GAMES FROM EVERI

Everi Holdings (EVRI) delivered earnings and revenue surprises of 16.67% and 3.89%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

News for Everi Stock (EVRI)