International Game Technology (IGT) has narrowed its full year adjusted EBITDA forecast to reflect the top half of the prior range, to between $1,740 million and $1,780 million, following its third quarter results.
IGT reported adjusted EBITDA growth of 4 percent and 7 percent for the third quarter and year-to-date periods at constant currency and scope.
“Solid performance and important, long-term contracts drove very good third quarter and year-to-date results,” said Marco Sala, CEO of IGT.
“Global Lottery same-store revenues for instants and draw games rose mid-single digits. The installed base of gaming machines was up, and unit shipments of gaming machines increased 10%. And, we enjoyed particularly strong sales and profit growth in Italy, confirming the vitality of that important market.
“We are firmly on track to achieve our 2018 financial and operational goals.”