earnings
confidence high
sentiment positive
materiality 0.75
Accel Q3 revenue $267M (+38% YoY), net income $22.4M (+108%); reaffirms FY guidance
Accel Entertainment, Inc.
2022-Q3 EPS reported
$0.66
revenue$691,727,000
- Net income $22.4M ($0.81 diluted EPS) vs $10.8M a year ago; Adj. EBITDA $41.1M (+9% YoY).
- Locations up 38% to 3,517; gaming terminals +68% to 22,429, driven by Century Gaming acquisition.
- Completed two Nebraska/Iowa acquisitions: VVS, Inc. for $9.5M and River City Amusement for $2.8M.
- Repurchased $22.5M of Class A-1 common stock in Q3; net debt $309M (+109% YoY).
- FY 2022 guidance: revenue $960-990M, Adj. EBITDA $160-165M, capex raised to $38-43M.