secwatch.observer — SEC 8-K summary
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Issuer:     Accel Entertainment, Inc. (ACEL)
CIK:        0001698991
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001698991-22-000042
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Accel Q3 revenue $267M (+38% YoY), net income $22.4M (+108%); reaffirms FY guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698991/000169899122000042/0001698991-22-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698991/000169899122000042/acel-20221108.htm
  HTML page:      https://secwatch.observer/filing/0001698991-22-000042

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