Everi Holdings reports preliminary Q1 financials

Published 29/04/2025, 15:26
Everi Holdings reports preliminary Q1 financials

Everi Holdings Inc. (NYSE:EVRI), a provider of entertainment and technology solutions for the gaming industry, disclosed its preliminary financial results for the first quarter ended March 31, 2025, today. The announcement, based on a recent SEC filing, revealed unaudited selected financial data for the period. The company, currently valued at $1.2 billion, has demonstrated strong market performance with a 63.52% return over the past year. According to InvestingPro data, Everi maintains impressive gross profit margins of 79.18%, suggesting robust operational efficiency.

The Las Vegas-based company, which operates within the miscellaneous amusement and recreation services sector, is currently involved in a significant transaction. As part of a proposed deal announced on July 26, 2024, Everi and International Game Technology (NYSE:IGT) PLC’s Gaming & Digital business are set to be acquired by a new holding company backed by funds managed by affiliates of Apollo Global Management (NYSE:APO), Inc.

In preparation for discussions with potential lenders to finance this transaction, Everi has shared these preliminary results. The company, however, has clarified that the information, including the financial results, should not be considered as filed for regulatory purposes, nor should it be incorporated into any future filings under the Securities Act or the Exchange Act.

The forward-looking statements within the report, which include the preliminary financial estimates for the quarter, are subject to a number of risks and uncertainties. Everi has noted that actual outcomes could significantly differ from those projected due to various factors detailed in their SEC filings, including their Annual Report on Form 10-K.

Everi Holdings has not expressed any intention to update these forward-looking statements, except as legally required. The company’s latest financial estimates are available in the SEC filing, which serves as the source for this information. The details of the proposed transaction, including its structure and the parties involved, are also outlined in the filing, which is publicly accessible.

Investors and interested parties are encouraged to refer to Everi’s SEC filings for a more comprehensive understanding of the company’s risks and uncertainties, as well as the potential effects on its financial and operational results. For deeper insights into Everi’s financial health and future prospects, InvestingPro subscribers can access detailed analysis, including 10+ additional ProTips and a comprehensive Pro Research Report, which transforms complex financial data into actionable intelligence for smarter investment decisions. The next earnings announcement is scheduled for May 13, 2025.

In other recent news, Everi Holdings Inc. has reappointed Michael D. Rumbolz as Executive Chair of the Board, effective April 1, 2025. This executive leadership decision is part of Everi’s strategic plan as it approaches a significant merger. Rumbolz will receive a monthly cash compensation of $12,500 and a potential discretionary cash bonus of $50,000, contingent on specific goals. Additionally, he will receive equity compensation valued at approximately $205,000, subject to certain conditions related to the merger agreement.

In another development, Stifel analysts have maintained their Hold rating on Everi Holdings with a price target of $14.25. This decision follows a review of Everi’s fourth-quarter financials, which were recently disclosed in a 10-K filing. Stifel’s analysis indicates that the risks associated with Everi’s acquisition by Apollo remain low, with the acquisition expected to close in the third quarter of 2025. The firm’s price target aligns with Apollo’s cash offer for the acquisition, providing investors with a consistent valuation outlook.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.