A premier gaming enterprise, IGT, has earned accolades for its dedication to environmental responsibility, securing a “B” grade from CDP, a reputable non-governmental organization that assesses corporate ecological practices. This score positions IGT higher than the norm and demonstrates progress from their 2021 evaluation.
CDP’s assessment methodology requires businesses to reveal their endeavors in managing and diminishing their environmental impact. A “B” designation signifies that IGT is proactively tackling the ecological effects of its activities and has instituted robust environmental stewardship protocols.
Wendy Montgomery, IGT’s Senior Vice President of Marketing, Communications, and Sustainability, underscored the company’s commitment to ecological balance, affirming their understanding of the obligation to minimize their carbon emissions. She emphasized IGT’s dedication to supporting their clientele’s sustainability paths as well. This CDP rating provides assurance to investors that IGT remains steadfast in its commitment to sustainable practices that contribute to the company’s overall expansion.
Beyond this environmental accomplishment, IGT also declared robust financial outcomes for the third quarter of 2022, posting $1.06 billion in earnings, reflecting an 8% surge compared to the corresponding period in 2021. This growth stemmed from strong performance across all business units, notably its international gaming sector, which witnessed a substantial 31% year-on-year increase, reaching $379 million.
Although worldwide lottery earnings experienced a 4% decrease, totaling $6.26 billion, the firm observed a notable 27% surge in income generated from its online and wagering activities, reaching $54 million.
In the third quarter of 2022, the organization reported $211 million in earnings and a robust 20% operating profit margin.
This impressive outcome stemmed from steady profitability within the international lottery market and substantial expansion in the global gaming sector, leading to an adjusted EBITDA of $402 million.
