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Mar 31, 2021
Everi Q1 2021 Earnings Report
Reported record first quarter revenue and all-time quarterly record net income.
Key Takeaways
Everi reported a strong start to 2021 with record first quarter revenue of $139 million, and all-time quarterly record net income of $21 million, Adjusted EBITDA of $75 million, and Free Cash Flow of $44 million.
Revenues rose to a first quarter record $139.1 million compared to $123.8 million in the 2019 first quarter.
Net income improved to a quarterly record $20.5 million, or $0.21 per diluted share, compared to $5.9 million in the 2019 first quarter.
Adjusted EBITDA increased to a quarterly record $75.4 million compared to $61.3 million in the 2019 first quarter.
Free Cash Flow was $43.5 million compared to $21.2 million in the 2019 first quarter.
Revenue by Segment
Forward Guidance
Everi expects 2021 second quarter operating and financial results will be comparable to or slightly lower than the Company’s 2021 first quarter results; and expects that results in the second half of 2021 will continue to exceed the then-record Adjusted EBITDA levels achieved in the second half of 2019, barring any macro-economic or pandemic-related setback.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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