NASDAQ$LNWO
Light & Wonder Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Scientific Games experienced a revenue decline due to COVID-19 disruptions, but took actions to improve cash flows and preserve liquidity.
Scientific Games reported a 13% decrease in revenue for Q1 2020, impacted by COVID-19 disruptions, particularly in the Gaming segment. The company took significant actions to improve cash flows and preserve liquidity. SciPlay and iGaming showed strength during the stay-at-home environment.
- Improved quarterly cash flows by over $150 million.
- Maintained liquidity of nearly $1 billion.
- Amended credit agreement to provide relief on net first lien leverage ratio covenant.
- Resiliency in Lottery and strength in SciPlay and iGaming highlighted business diversity.
Headline financials
Revenue & EPS history
Light & Wonder · Revenue · Quarterly
$725M
Revenue by segment
Light & Wonder · $436M total across 2 segments · Q1 2020
- Gaming$318M—72.9%
- SciPlay$118M—27.1%
Forward guidance
The COVID-19 impact accelerated in the latter half of March 2020 and the Company expects this trend to reach its peak in the second quarter. Second quarter projected consolidated net cash outflow is expected to be approximately $70 million - $90 million.
Tailwinds
- Swift and meaningful reductions to cost structure in response to the current environment.
- Available liquidity provides the tools to withstand the impact from COVID-19.
- Streamlined cost structure will allow for accelerated cash flow generation and deleveraging in the future.
- Operational and capital cost-savings measures are expected to improve quarterly cash flows in the second quarter by over $150 million.
- Anticipates that capital expenditures will be in the range of $210 million - $240 million, due to capital liquidity-saving measures implemented as a result of the COVID-19 disruptions.
Headwinds
- Expected operating performance for the second quarter of 2020 will be impacted by COVID-19.
- Projected consolidated net cash outflow for the second quarter of 2020.
- Trends in the Company's operations are expected to be affected by COVID-19 disruptions.
- Natural events and health crises that disrupt operations or those of customers, suppliers or regulators.
- Incurrence of restructuring costs.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
-0.1%
Avg return
Earnings day
+1.4%
Avg return
5 days after
+0.0%
Avg return
30 days after
51%
35 / 68 earnings
Positive
+41.5%
Q2 2017
Best reaction
-19.5%
Q1 2014
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.2% | +1.0% | -1.2% | |
| Q4 2025 | -2.7% | -7.6% | -14.6% | |
| Q3 2025 | +8.7% | +22.0% | +33.2% | |
| Q1 2025 | -14.0% | -5.3% | -7.1% | |
| Q4 2024 | +6.9% | +7.9% | -12.3% | |
| Q3 2024 | -10.9% | -10.0% | -9.8% | |
| Q2 2024 | +1.6% | -0.4% | +4.3% | |
| Q1 2024 | -6.4% | -5.9% | -0.2% | |
| Q4 2023 | +2.5% | +7.8% | +7.4% | |
| Q3 2023 | +8.9% | +8.9% | +5.4% | |
| Q2 2023 | +2.4% | +3.9% | +4.3% | |
| Q1 2023 | +2.5% | +4.4% | +13.2% | |
| Q4 2022 | +0.9% | -0.2% | -4.1% | |
| Q3 2022 | +3.0% | +9.2% | +13.8% | |
| Q2 2022 | +3.1% | +8.2% | -10.8% | |
| Q1 2022 | +0.3% | +9.2% | +12.1% | |
| Q4 2021 | -1.4% | -5.6% | -6.6% | |
| Q3 2021 | -2.3% | -8.8% | -20.1% | |
| Q2 2021 | +5.1% | +9.1% | +10.8% | |
| Q1 2021 | -0.1% | +4.3% | +34.4% | |
| Q4 2020 | +6.8% | -1.2% | -17.7% | |
| Q3 2020 | -0.2% | -1.2% | +7.6% | |
| Q2 2020 | +5.0% | +5.8% | +21.7% | |
| Q1 2020 | -11.4% | -10.6% | +27.4% | |
| Q4 2019 | -16.4% | -17.6% | -83.7% | |
| Q3 2019 | +20.6% | +16.6% | +5.5% | |
| Q2 2019 | +0.5% | -1.7% | -9.6% | |
| Q1 2019 | +8.6% | +6.6% | -3.5% | |
| Q4 2018 | +9.8% | +11.5% | -19.9% | |
| Q3 2018 | +4.0% | -4.9% | -20.9% | |
| Q2 2018 | -17.7% | -27.6% | -36.9% | |
| Q1 2018 | -3.4% | -3.1% | +11.1% | |
| Q4 2017 | -12.1% | -12.5% | -9.6% | |
| Q3 2017 | +1.7% | +1.4% | +11.7% | |
| Q2 2017 | +41.5% | +44.1% | +29.4% | |
| Q1 2017 | +3.7% | -0.4% | +4.1% | |
| Q4 2016 | +7.4% | +3.1% | +12.9% | |
| Q3 2016 | +0.9% | +7.0% | +31.3% | |
| Q2 2016 | -11.8% | -13.1% | -12.6% | |
| Q1 2016 | -6.7% | — | — | |
| Q4 2015 | +38.7% | — | — | |
| Q3 2015 | -18.8% | — | — | |
| Q2 2015 | -15.9% | — | — | |
| Q1 2015 | -4.8% | — | — | |
| Q4 2014 | -10.6% | — | — | |
| Q3 2014 | +22.9% | — | — | |
| Q2 2014 | -2.7% | — | — | |
| Q1 2014 | -19.5% | — | — | |
| Q4 2013 | +18.0% | — | — | |
| Q3 2013 | +4.1% | — | — | |
| Q2 2013 | +7.8% | — | — | |
| Q1 2013 | -6.2% | — | — | |
| Q4 2012 | -6.9% | — | — | |
| Q3 2012 | -16.2% | — | — | |
| Q2 2012 | -19.4% | — | — | |
| Q1 2012 | +2.4% | — | — | |
| Q4 2011 | -15.8% | — | — | |
| Q2 2011 | -15.8% | — | — | |
| Q3 2011 | +6.3% | — | — | |
| Q1 2010 | -0.4% | — | — | |
| Q1 2011 | +3.4% | — | — | |
| Q4 2010 | +5.5% | — | — | |
| Q4 2008 | +5.5% | — | — | |
| Q2 2010 | +5.5% | — | — | |
| Q3 2010 | -1.1% | — | — | |
| Q3 2009 | -1.1% | — | — | |
| Q2 2009 | -4.7% | — | — | |
| Q4 2009 | -4.7% | — | — |
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