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Playags Inc (AGS)
NYSE:AGS
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Earnings Data
Report Date
Mar 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.15Last Year’s EPS
$0Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -1.29%
|Next Earnings Date:Mar 11, 2025
Earnings Call Sentiment|Positive
The earnings call highlights AGS's strong revenue and EBITDA growth, driven by record performances across its segments. However, concerns about market stability and limited international penetration pose challenges. The company's improved leverage profile and strategic focus on growth provide a positive outlook.Company Guidance
During the PlayAGS Fourth Quarter and Full Year 2023 Earnings Call, the company reported significant metrics illustrating its financial health and future outlook. AGS achieved a 15% year-over-year increase in revenues and adjusted EBITDA in Q4, marking its 11th consecutive quarter of double-digit growth and fifth consecutive quarter of double-digit adjusted EBITDA growth. Notably, Global EGM sales surged by 36% year-over-year, with 1,519 units sold, and Interactive revenue grew by over 30%, reaching $3.4 million, with Interactive adjusted EBITDA increasing by nearly 160% to $1.3 million. The Table Products segment also saw a 20% rise in adjusted EBITDA to $2.8 million, contributing to a full-year total of approximately $10 million. Free cash flow increased by more than 45% year-over-year to $11 million, and net leverage decreased to 3.2x from 3.8x at the start of the year. AGS anticipates further growth in 2024, with plans to expand its EGM segment, particularly in the mechanical reel and jumbo segments, and to leverage its Interactive segment, which boasts an annualized revenue and adjusted EBITDA run rate of $13 million and $5 million, respectively.Record Revenue and EBITDA Growth
Revenues and adjusted EBITDA increased by 15% year-over-year, marking the 11th consecutive quarter of double-digit growth.
Global EGM Sales Surge
Global EGM sales increased 36% year-over-year to a record 1,519 units, with sales to nearly 180 unique customers.
Interactive Segment Growth
Interactive revenue grew by over 30% year-over-year to $3.4 million, with adjusted EBITDA increasing nearly 160% year-over-year.
Table Products Segment Expansion
Table Products sales and recurring revenue reached new records with an approximately 20% increase in adjusted EBITDA.
Improved Leverage Profile
Net leverage reduced to 3.2x from 3.8x at the start of the year, with a path to below 3.0x.
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AGS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AGS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $11.64 | $11.64 | 0.00% |
| Aug 07, 2024 | $11.45 | $11.37 | -0.70% |
| May 08, 2024 | $8.60 | $8.96 | +4.19% |
| Mar 05, 2024 | $9.20 | $9.08 | -1.30% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Playags Inc (AGS) report earnings?
Playags Inc (AGS) is schdueled to report earning on Mar 11, 2025, TBA Not Confirmed.
What is Playags Inc (AGS) earnings time?
Playags Inc (AGS) earnings time is at Mar 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AGS EPS forecast?
AGS EPS forecast for the fiscal quarter 2024 (Q4) is $0.15.
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