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International Game Technology PLC (IGT) CEO Marco Sala on Q4 2019 Results - Earnings Call Transcript

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International Game Technology PLC (NYSE:IGT) Q4 2019 Results Conference Call March 3, 2020 8:00 AM ET

Company Participants

Jim Hurley - SVP, IR

Marco Sala - CEO

Tim Rishton - Interim CFO

Conference Call Participants

Carlo Santarelli - Deutsche Bank

Barry Jonas - SunTrust

Domenico Ghilotti - Equita

Jordan Bender - Macquarie

David Katz - Jefferies

John DeCree - Union Gaming

Joe Stauff - Susquehanna


Good day, ladies and gentlemen, and welcome to the IGT 2019 Fourth Quarter and Full Year Results Conference Call. [Operator Instructions] As a reminder, today’s conference is being recorded.

I would now like to turn the call over to Jim Hurley, Senior Vice President of Investor Relations. Sir, you may begin.

Jim Hurley

Thank you, and thank you everyone for joining us on IGT’s fourth quarter and full year 2019 conference call hosted by Marco Sala, our Chief Executive Officer; and Tim Rishton, Interim Chief Financial Officer. After some introductory remarks, we’ll open the call up for your questions.

During today’s call, we’ll be making some forward-looking statements within the meaning of federal securities laws. Forward-looking statements are not guarantees, and our actual results may differ materially from those expressed or implied in the forward-looking statements. The principal risks and uncertainties that could cause our results to differ materially from our current expectations are detailed in our SEC filings.

And now, I’ll turn the call over to Marco Sala.

Marco Sala

Thank you, Jim. Good day, everyone.

We had a strong finish to 2019. Adjusted EBITDA $1.71 billion was in the upper half of our outlook. We had a solid fourth quarter, building on our momentum in the first nine months of the year.

Cash flow generation was also robust. $1.1 billion in cash from operations translated into approximately $650 million of free cash flow and $500

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