secwatch.observer — SEC 8-K summary
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Issuer:     Light & Wonder, Inc. (LNWO)
CIK:        0000750004
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0000750004-24-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Light & Wonder Q4 revenue $770M (+13%), net income $67M; full year record $2.9B
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- Q4 revenue $770M (+13% YoY); full year revenue $2.9B (+16% YoY), both records.
- Q4 net income $67M vs $21M; full year net income $180M vs loss of $176M in prior year.
- Gaming revenue $496M (+13%), SciPlay $204M (+12%), iGaming $70M (+13%).
- Returned $170M to shareholders via share repurchases in 2023; net debt leverage 3.1x.
- Term Loan B repriced Jan 2024, reducing interest rate 35bp, saving ~$8M annually.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750004/000075000424000013/0000750004-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750004/000075000424000013/lnw-20240227.htm
  HTML page:      https://secwatch.observer/filing/0000750004-24-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer