Light & Wonder, Inc. Regulatory Update to ASX and InvestingPro Insights
Light & Wonder, Inc. (NASDAQ:LNW) Makes Regulatory Update to ASX, Demonstrating Commitment to Transparency and Compliance
Light & Wonder, Inc., a leading company specializing in computer integrated systems design, made a significant regulatory update to the Australian Securities Exchange (ASX) with the submission of a Statement of CHESS Depositary Interests on Issue, known as Appendix 4A. This update, part of the company’s routine regulatory disclosures, underscores Light & Wonder’s commitment to transparency and regulatory compliance in its operations across different markets.
The Nevada-based company, previously known as Scientific Games Corp, has its principal executive offices located in Las Vegas, NV. Light & Wonder’s common stock is traded on the Stock Market under the ticker symbol LNW. The submission of the Appendix 4A is in accordance with Regulation FD, ensuring equal access to material company information for all investors.
In addition to the regulatory update, Light & Wonder recently reported a 12% increase in Q2 consolidated revenue to $818 million, with operating income rising to $175 million. The company also initiated a $1 billion share repurchase program and set a target of $1.4 billion adjusted EBITDA by 2025. Despite facing a legal setback with the Dragon Train franchise, the company received favorable ratings from B.Riley, Maxim Group, and UBS.
InvestingPro Insights highlight Light & Wonder’s solid growth trajectory, with a 12.75% increase in revenue over the last twelve months, reaching $3.077 billion as of Q2 2024. The company’s impressive gross profit margin of 70.46% reflects its operational efficiency. InvestingPro Tips further emphasize Light & Wonder’s robust financial health, profitability, and strong liquidity position.
For investors seeking comprehensive insights, InvestingPro offers 10 additional tips for Light & Wonder, providing a deeper understanding of the company’s financial landscape and potential investment considerations. Light & Wonder’s commitment to regulatory compliance and transparency, as demonstrated through its recent update to the ASX, positions the company for continued growth and success in the market.