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Record Q2 results for Bally Technologies
Bally has announced record diluted earnings per share figures for the second quarter, with an increase 40 percent year-on-year.
"We are very pleased to report the most profitable quarter in Bally's history despite the challenging economy," said Richard M. Haddrill, the Company's Chief Executive Officer. "We continue to see the benefits of our research and development spend and our commitment to executing well in all of our technology businesses."
"Our continued efforts to improve our gross margins, particularly in our gaming equipment business, were highlighted by our record gross margin of 49 percent for the quarter driven by an average selling price ("ASP") of $14,531, stronger manufacturing efficiencies, and better inventory management," added Robert C. Caller, the Company's Chief Financial Officer. "Control of expenses and improvements in gross margins allowed us to drive operating margin to 25 percent."
