WMS Industries has reported revenue of $202.8m and net income of $13.5m, or $0.24 per diluted share, for the fiscal 2013 fourth quarter ended June 30.
These results include a $0.04 per diluted share impact for costs related to the pending acquisition of WMS by Scientific Games Corporation in selling and administrative expenses and $0.06 per diluted share for net charges in interest income and other income and expense, primarily related to foreign currency losses due to the devaluation of the Argentina peso
This impact was partially offset by a $0.03 per diluted share benefit from discrete tax items, principally due to the conclusion of a prior year’s federal income tax audit. For the fiscal 2012 fourth quarter, WMS reported revenue of $195.9m and net income of $22.1m, or $0.40 per diluted share.
“Excellent customer and player demand for our innovative new Blade and Gamefield xD gaming machines drove year-over-year increases in new gaming machine sales and participation revenues and these improvements, combined with continued strength in interactive products and services revenues, led to the growth in our quarterly revenues,” said Brian R Gamache, chairman and CEO.
“Our investments in research and development during the last several years have supported the development of great new products, games and innovative new gaming experiences that deliver substantial value for our casino customers and have set WMS on a path for renewed long-term growth.”
