secwatch.observer — SEC 8-K summary
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Issuer:     Accel Entertainment, Inc. (ACEL)
CIK:        0001698991
Form:       8-K
Filed at:   2022-03-09T23:59:59+00:00
Accession:  0001698991-22-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Accel posts record FY2021 revenue $735M, Adj EBITDA $140M; reiterates 2022 guidance
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- Q4 revenue $192M, net income $7M; FY revenue $735M, net income $32M (vs FY2020 revenue $316M).
- Adjusted EBITDA $33M Q4, $140M FY; net debt $143M, down 31% YoY.
- Locations up 6% to 2,584; VGTs up 11% to 13,639; avg contract term 6.8 years.
- Acquisition of Century Gaming expected close by end of May 2022; began Iowa ops in Dec 2021.
- Repurchased $20M of stock in 2021 and Jan-Feb 2022; 2022 revenue guidance $820-$870M (ex-Century) or $1.07-$1.18B (pro forma).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698991/000169899122000002/0001698991-22-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698991/000169899122000002/acel-20220309.htm
  HTML page:      https://secwatch.observer/filing/0001698991-22-000002

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer