• GAMING OPERATIONS REVENUES INCREASE 19 PERCENT FROM LAST YEAR TO A RECORD $70 MILLION WITH A RECORD GROSS MARGIN OF 72 PERCENT
  • OPERATING MARGIN IMPROVES TO 25 PERCENT FROM 24 PERCENT LAST YEAR
  • CASH FLOW FROM OPERATIONS FOR THE NINE MONTHS ENDED MARCH 31, 2009 INCREASES 160 PERCENT FROM LAST YEAR TO $88 MILLION
  • COMPANY NARROWS FISCAL 2009 DILUTED EPS GUIDANCE TO RANGE OF $2.15 TO $2.25  

Bally Technologies announced diluted earnings per share (“Diluted EPS”) of $0.52 and $1.63 on revenue of $208 million and $678 million for the three months and nine months ended March 31, 2009, respectively.  

“Our diversified business model drove another very profitable quarter despite the challenging economy,” said CEO Richard M. Haddrill. “We also continued to build our recurring revenues to 48 percent of total revenues this quarter.”  

“Our balance sheet strength continues to improve as we further reduced our debt while repurchasing approximately $4 million of our common stock,” added CFO Robert C. Caller. “Control of selling, general and administrative expenses allowed us to drive our operating margin to 25 percent during the quarter from 24 percent last year despite a 28 percent increase in research and development.”  

Three Months Ended March 31, 2009 Compared with Three Months Ended March 31, 2008
  • Total revenues decreased to $208 million as compared with $233 million in the same period last year. • Operating income decreased to $51 million as compared with $55 million in the same period last year.
  • Operating margin increased to 25 percent as compared with 24 percent in the same period last year.
  • Net income decreased to $29 million as compared with $30 million in the same period last year.
  •  Adjusted EBITDA decreased to $71 million as compared with $74 million in the same period last year.
  • Selling, general and administrative expenses (“SG&A”) remained at 26 percent of total revenue as compared with the same period last year.
  • Research and development expenses (“R&D”) increased to 9 percent of total revenue as compared with 6 percent in the same period last year.
Nine Months Ended March 31, 2009 Compared with Nine Months Ended March 31, 2008
  • Total revenues increased to $678 million as compared with $652 million in the same period last year.
  • Operating income increased to $164 million as compared with $143 million in the same period last year.
  • Operating margin increased to 24 percent as compared with 22 percent in the same period last year.
  • Net income increased to $93 million as compared with $76 million in the same period last year.
  • Adjusted EBITDA increased to $222 million as compared with $197 million in the same period last year.
  • SG&A expenses decreased to 25 percent of total revenue as compared with 27 percent in the same period last year.
  • R&D expenses increased to 9 percent of total revenue as compared with 7 percent in the same period last year.