Light & Wonder Q2 revenue $610M (+5% YoY); net debt leverage cut to 3.6x; elects new director

Light & Wonder, Inc.

2022-Q2 EPS reported $34.61 revenue$1,183,000,000

Q2 consolidated revenue from continuing ops $610M, up 5% YoY; net debt leverage ratio reduced to 3.6x.
Closed sale of Lottery business for $5.7B gross proceeds; paid down $4.9B of debt in quarter.
Repurchased $203M of shares in Q2, representing 27% of total buyback authorization.
Elected Stephen Morro to board effective Aug 9, 2022; receives 10,000 stock options and $400K immediate-vest RSUs.
Principal face value of debt outstanding reduced to $4.0B; strong financial flexibility highlighted.

item 2.02 item 5.02 item 9.01

Executive movements

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Appointed

Stephen Morro

Director

LNWO · Light & Wonder, Inc.

Effective: 2022-08-09
Filed: August 9, 2022, 7:59 PM ET

On August 4, 2022, the Board of Directors (the “Board”) of the Company elected Stephen Morro as a director of the Company, effective August 9, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Stephen Morro was elected as Director at Light & Wonder, Inc..

Action: elected
Role: Director

Exact text from the filing

On August 4, 2022, the Board of Directors (the “Board”) of the Company elected Stephen Morro as a director of the Company, effective August 9, 2022.

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Light & Wonder, Inc. filing history →

Source: SEC EDGAR

accession 0000750004-22-000024

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