Accel Entertainment reports record 2022 revenue of $970M, net income $74M, adjusted EBITDA $162M

Accel Entertainment, Inc.

2022-FY EPS reported $0.81 revenue$969,797,000

Q4 revenue $278M, net income $13M, adjusted EBITDA $43M; full year revenue $970M (+32% YoY), net income $74M (+135% YoY).
Ended 2022 with 3,598 locations (+39%) and 23,150 gaming terminals (+70%) driven by Century acquisition.
Net debt $318M (+123% YoY) due to $160M borrowing for Century; repurchased $79M of stock in 2022.
Century acquired Progressive (Montana) in Dec 2022, adding 26 locations and ~300 terminals.
CEO cites strong quarter and integration progress; asset-light model remains competitive.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Accel Entertainment, Inc. reported the three months ended December 31, 2022 results: revenue $278 million, net income $13 million.

Period: the three months ended December 31, 2022
Revenue: $278 million
Net income: $13 million
Result: reported results

Exact text from the filing

• Revenue of $278 million for Q4 2022 and $970 million for YE 2022 • Net income of $13 million for Q4 2022 and $74 million for YE 2022

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Accel Entertainment, Inc. reported the year ended December 31, 2022 results: revenue $970 million, net income $74 million.

Period: the year ended December 31, 2022
Revenue: $970 million
Net income: $74 million
Result: reported results

Exact text from the filing

• Revenue of $278 million for Q4 2022 and $970 million for YE 2022 • Net income of $13 million for Q4 2022 and $74 million for YE 2022

View on SEC.gov

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Accel Entertainment, Inc. filing history →

Source: SEC EDGAR

accession 0001698991-23-000005

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