Everi Holdings Inc. (NYSE:EVRI) Q3 2023 Results Conference Call November 8, 2023 11:00 AM ET

Company Participants

Jennifer Hills - Vice President Investor Relations

Randy Taylor - Chief Executive Officer

Mark Labay - Chief Financial Officer

Kate Lowenhar-Fisher - General Counsel

Dean Ehrlich - Games Business Leader

Darren Simmons - FinTech Business Leader

Conference Call Participants

Jeff Stantial - Stifel

Barry Jonas - Truist Securities

Chad Beynon - Macquarie

George Sutton - Craig Hallam

John Davis - Raymond James

Operator

Good morning, and thank you for standing by. And welcome to the Everi Holdings 2023 Third Quarter Earnings Conference Call. During today’s presentation, all parties will be in a listen-only mode. Following the prepared remarks, the call will be opened for question-and-answer session. As a reminder, this call is being recorded.

Now, let me turn the call over to Jennifer Hills, Vice President Investor Relations. Please go ahead.

Jennifer Hills

Thank you, operator. Let me begin with a reminder that our Safe Harbor disclaimer, which covers today’s call and webcast, contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those discussed on today’s call. These risks and uncertainties include, but are not limited to, those contained in our earnings release today and in other SEC filings, which are posted in the Investors section of our corporate website at everi.com.

Because of the potential risks, you are cautioned not to place undue reliance on forward-looking statements. We do not intend and assume no obligation to update any forward-looking statements, which are made only as of today, November 08, 2023.

We will refer to certain non-GAAP financial measures, such as adjusted EBITDA, adjusted EPS, free cash flow and net cash position. A description of each of these non-GAAP measures and a reconciliation to the most directly comparable GAAP measure can be bound in our earnings release and related 8-K today, as well as in the Investors section of our website. This call is being webcast and recorded. A link to the webcast and a replay of today’s call can be found in the Investors section of our website.

On our call today are Randy Taylor, Chief Executive Officer; Mark Labay, Chief Financial Officer; Kate Lowenhar-Fisher, General Counsel; Dean Ehrlich, Games Business Leader; and Darren Simmons, FinTech Business Leader.

Now I will turn the call over to Randy.

Randy Taylor

Thank you, Jennifer. Good morning, and thank you all for joining us. For the quarter, we have reported revenue of $206.6 million, adjusted EBITDA of $96.2 million and free cash flow of $34.3 million. This brings our year-to-date free cash flow $122.1 million.