Welcome to our dedicated page for Everi Holdings news (Ticker: $EVRI), a resource for investors and traders seeking the latest updates and insights on Everi Holdings stock.
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Everi Holdings Inc. (NYSE: EVRI) reported first quarter 2024 results, highlighting progress towards a merger with IGT's Global Gaming and PlayDigital businesses. Despite revenue declines, the company expects growth opportunities post-merger. The games segment is transitioning to new cabinets, impacting revenues. FinTech business saw growth in financial access and software revenue categories but a decline in hardware sales. Investments in new products are expected to drive revenue growth in the second half of 2024.
Everi Holdings Inc. terminated its stock repurchase program, which authorized the repurchase of $180 million worth of common stock. The company repurchased 7.5 million shares at an average price of $13.40 per share before terminating the program. Additionally, Everi implemented a mandatory sell-to-cover policy for tax withholding obligations related to the settlement of RSUs and PSUs, as part of preparing for a Special Dividend. This policy requires Section 16 officers to file Form 4 for the sale of a portion of their company stock to cover tax withholdings.
Everi Holdings Inc. (NYSE: EVRI) has been named to the 'Top Workplaces USA 2024' list for the third consecutive year. The recognition follows an independent employee engagement survey conducted by Energage. Everi also received a Great Place to Work® certification for its India offices. The company's commitment to creating a people-first workplace culture has been acknowledged nationally and regionally, reflecting its dedication to providing an exceptional employee experience.
