Alberto Fornaro - International Game Chief Financial Officer, Executive Vice President

IGT Stock  USD 20.00  0.02  0.10%   

President

Mr. Alberto Fornaro is Chief Financial Officer, Executive Vice President of the Company. He is responsible for managing and developing the financial strategy for the Company globally. He oversees the Finance, Accounting Control, Legal, Investor Relations, Compliance, Strategy and Mergers Acquisitions, and Enterprise Resource Planning Organization, which includes making strategic and tactical decisions and improving financial strategies to maximize shareholder value and cash flow providing highquality financial and management reporting and ensuring compliance of all fiscal and statutory reporting, and legal matters. He brings more than 25 years of strong financial expertise to the Company and has an extensive record of significant international exposure. Mr. Fornaro is an officer andor director of the following Company subsidiaries International Game Technology, IGT Global Solutions Corporationrationration, IGT Foreign Holdings Corporationrationration, IGT Canada Solutions ULC, and I.G.T. Pty Limited. Prior to the formation of the Company, Mr. Fornaro served as Executive Vice President and Chief Financial Officer for GTECH S.p.A. He was previously Group CFO and President of the EMEA division at Doosan Infracore Construction Equipment, a world leader in the construction equipment industry formed by Bobcat and Doosan Infracore. During his tenure at DICE, he led numerous integration programs and several costsaving initiatives, helping DICE to weather the recent economic downturn and emerge as an even stronger player in a highly competitive industry since 2015.
Age 53
Tenure 9 years
Address 10 Finsbury Square, London, United Kingdom, EC2A 1AF
Phone44 2038 661 240
Webhttps://www.igt.com
Fornaro also served as General Manager and CFO of Technogym, the secondlargest worldwide manufacturer of fitness equipment. Additionally, he spent 12 years in finance at Case New Holland Global/Fiat Group in Italy and the U.S. At CNH, he served in many different financial capacities at the vice president level.

International Game Management Efficiency

The company has Return on Asset of 0.0631 % which means that on every $100 spent on assets, it made $0.0631 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1398 %, implying that it generated $0.1398 on every 100 dollars invested. International Game's management efficiency ratios could be used to measure how well International Game manages its routine affairs as well as how well it operates its assets and liabilities. Return On Equity is likely to gain to 0.11 in 2024, whereas Return On Tangible Assets are likely to drop 0.03 in 2024. At this time, International Game's Total Current Liabilities is comparatively stable compared to the past year. Non Current Liabilities Other is likely to gain to about 180.8 M in 2024, whereas Liabilities And Stockholders Equity is likely to drop slightly above 10.2 B in 2024.
The company has 5.92 B in debt with debt to equity (D/E) ratio of 2.77, meaning that the company heavily relies on borrowing funds for operations. International Game has a current ratio of 1.14, demonstrating that it may not be capable to disburse its financial commitments when the payables are due. Debt can assist International Game until it has trouble settling it off, either with new capital or with free cash flow. So, International Game's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like International Game sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for International to invest in growth at high rates of return. When we think about International Game's use of debt, we should always consider it together with cash and equity.

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International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. International Game Technology PLC is a subsidiary of De Agostini S.p.A. International Game operates under Gambling classification in the United States and is traded on New York Stock Exchange. It employs 10393 people. International Game Technology (IGT) is traded on New York Stock Exchange in USA. It is located in 10 Finsbury Square, London, United Kingdom, EC2A 1AF and employs 10,956 people. International Game is listed under Hotels, Restaurants & Leisure category by Fama And French industry classification.

Management Performance

International Game Leadership Team

Elected by the shareholders, the International Game's board of directors comprises two types of representatives: International Game inside directors who are chosen from within the company, and outside directors, selected externally and held independent of International. The board's role is to monitor International Game's management team and ensure that shareholders' interests are well served. International Game's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, International Game's outside directors are responsible for providing unbiased perspectives on the board's policies.
Walter Bugno, Executive Vice President, New Business and Strategic Initiatives
Gianmario Ruos, Non-Executive Independent Director
Donald Sweitzer, Chairman, IGT Global Solutions Corporation
Fabio Celadon, Executive Vice President - Strategy and Corporate Development
Dorothy Costa, Senior Vice President, People and Transformation
Vincent Sadusky, Non-Executive Independent Director
Janice Chaffin, Independent Director
Mario Loreto, Executive Vice President - Human Resources, Organization & Transformation
Enrico Drago, Chief Executive Officer, Digital & Betting
Eric Brown, Independent Director
David Morgan, Senior Officer
Heather McGregor, Non-Executive Independent Director
Robert Miller, Independent Director
John Vandemore, CFO, Principal Accounting Officer and Treasurer
Patti Hart, CEO, Director and Member of Executive Committee
Alberto Dessy, Non-Executive Independent Director
Michael Chambrello, CEO, North America Lottery
Samantha Ravich, Non-Executive Independent Director
Massimiliano Chiara, Chief Financial Officer, Executive Vice President, Director
Kim Lee, Vice President - IGT Diversity and Inclusion
Alberto Fornaro, Chief Financial Officer, Executive Vice President
Robert Vincent, Chairperson of IGT Global Solutions Corporation
Timothy Rishton, Interim Chief Financial Officer, Senior Vice President, Chief Accounting Officer
Ken Bossingham, Senior Sales
Christopher Spears, Executive Vice President, General Counsel
Ashley Hunter, Non-Executive Independent Director
Tracey Weber, Independent Director
Scott Gunn, Senior Vice President of Corporate Public Affairs
James McCann, Vice-Chairperson of the Board; Lead Independent Director; Non-executive Director
Eric Tom, Executive VP of Global Sales
Matthew Whalen, Senior Vice President - Operations
Philip Satre, Independent Chairman of the Board
Paget Alves, Non-Executive Independent Director
Marco Drago, Non-Executive Director
Beatrice Bassey, Non-Executive Independent Director
Paul Gracey, General Counsel and Corporate Secretary
Wendy Montgomery, Senior Vice President of Global Brand, Marketing, and Communications
Maria Pinelli, Non-Executive Independent Director
James Hurley, Senior Relations
Marco Sala, Executive Chairman of the Board, Chief Executive Officer
Greg Creed, Independent Director
Jeremy Hanley, Independent Director
Dallas Orchard, Chief Gaming
Fabio Cairoli, Chief Executive Officer, Global Lottery
Neil Abrams, Senior Vice President General Counsel
Renato Ascoli, Chief Executive Officer - North America and Chief Executive Officer of NAGI and NALO
Paolo Ceretti, Director
Lorenzo Pellicioli, Non-Executive Chairperson of the Board

International Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is International Game a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether International Game is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if International Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about International Game Technology Stock. Highlighted below are key reports to facilitate an investment decision about International Game Technology Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Game Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Note that the International Game information on this page should be used as a complementary analysis to other International Game's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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When running International Game's price analysis, check to measure International Game's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy International Game is operating at the current time. Most of International Game's value examination focuses on studying past and present price action to predict the probability of International Game's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move International Game's price. Additionally, you may evaluate how the addition of International Game to your portfolios can decrease your overall portfolio volatility.
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Is International Game's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of International Game. If investors know International will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about International Game listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.65)
Dividend Share
0.8
Earnings Share
0.77
Revenue Per Share
21.545
Quarterly Revenue Growth
0.035
The market value of International Game is measured differently than its book value, which is the value of International that is recorded on the company's balance sheet. Investors also form their own opinion of International Game's value that differs from its market value or its book value, called intrinsic value, which is International Game's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because International Game's market value can be influenced by many factors that don't directly affect International Game's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between International Game's value and its price as these two are different measures arrived at by different means. Investors typically determine if International Game is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, International Game's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.