secwatch.observer — SEC 8-K summary
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Issuer:     Light & Wonder, Inc. (LNWO)
CIK:        0000750004
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0000750004-24-000044
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Light & Wonder Q2 revenue $818M (+12%), net income $82M vs $5M; new $1B buyback
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- Consolidated Q2 revenue $818M (+12% YoY); net income $82M vs $5M a year ago.
- Gaming revenue $539M (+14%) on 32% machine sales growth, record installed base expansion.
- SciPlay revenue $205M (+8%) with 300 bps margin expansion; iGaming $74M (+6%).
- Completed $750M share repurchase program; Board approved new $1B buyback through June 2027.
- Net debt leverage ratio 3.0x; Term Loan B repriced in July, cutting annual interest ~$11M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750004/000075000424000044/0000750004-24-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750004/000075000424000044/lnw-20240807.htm
  HTML page:      https://secwatch.observer/filing/0000750004-24-000044

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