WMS achieved record financial results for the fourth quarter and full year to June 30, 2010.
The slot manufacturer announced that total revenues rose nine per cent to $213.4m for the quarter, while total product sales revenues grew 10 per cent to $135.1m as global new unit shipments increased for the second consecutive quarter. Gaming operations revenue increased seven per cent and net income rose 18 per cent to $33.6m.
For the full fiscal year, WMS saw revenues increase eight per cent to a record $765.1m total gross profit meanwhile, rose nine per cent and operating income increased 23 per cent to a record $167.9m. Net income for the 12-month period rose by 22 per cent to $112.9m.
"Consistent increases in ship share and average selling price, coupled with the growing installed base and higher average revenue-per-day in our gaming operations business led to record revenue and earnings for the fourth quarter and full fiscal year," said Brian Gamache, chairman and chief executive officer. "WMS’ fiscal 2010 fourth quarter operating performance including record top and bottom-line results, improved margins and growth in other key performance metrics were achieved despite a still-sluggish replacement market and lower spend-per-visit by casino patrons in many markets."
WMS also announced plans to increase investments in internal, organic growth initiatives of more than $50m and a new $300m, three-year stock repurchase authorisation.
