secwatch.observer — SEC 8-K summary
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Issuer:     Accel Entertainment, Inc. (ACEL)
CIK:        0001698991
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001698991-22-000030
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Accel Q2 revenue $227.9M (+13% YoY), net income $22.5M (+81%), closes Century acquisition
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- Q2 revenue $227.9M, up 13% YoY; net income $22.5M, up 81%; adjusted EBITDA $42.7M essentially flat.
- Century Gaming acquisition closed June 1, 2022; also acquired VVS, Inc. for $9.5M on August 1.
- Locations grew 38% to 3,489; gaming terminals grew 68% to 22,128; net debt $282M, up 69% due to Century borrowings.
- Updated 2022 guidance: revenue $960-990M, adj EBITDA $160-165M; pro forma with Century: revenue $1.07-1.13B, adj EBITDA $170-175M.
- Repurchased $25M of Class A-1 common stock in Q2; Georgia lottery extended Gift Card Pilot Program to all Class B locations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698991/000169899122000030/0001698991-22-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698991/000169899122000030/acel-20220809.htm
  HTML page:      https://secwatch.observer/filing/0001698991-22-000030

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