Accel Entertainment Q1 revenue $196.9M (+34% YoY); net income up 952% to $15.8M

Accel Entertainment, Inc.

2022-Q1 EPS reported $0.17 revenue$196,891,000

Revenue $196.9M (+34% YoY), net income $15.8M (+952% YoY), adjusted EBITDA $35.2M (+37% YoY).
Ended Q1 with 2,565 locations (+4% YoY) and 13,663 VGTs (+7% YoY); net debt $147M (-22% YoY).
Repurchased $14M of Class A-1 common stock in Q1 2022.
Acquisition of Century Gaming on track to close at end of May 2022.
Illinois Gaming Board's 72-hour rule enforcement caused removal from 30 locations with 150 VGTs.

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