Accel Entertainment Q2 revenue $292.6M (+28% YoY), net income $10.0M (-56% YoY)

Accel Entertainment, Inc.

2023-Q2 EPS reported $0.22 revenue$585,855,000

Revenue of $292.6M, up 28% YoY; net income of $10.0M, down 56% YoY due to $4.8M loss on contingent earnout shares.
Adjusted EBITDA of $46.6M, up 9% YoY from Century acquisition and 0.4% same-store sales growth in Illinois.
Ended Q2 with 3,655 locations (+5% YoY) and 23,759 gaming terminals (+7% YoY).
Repurchased ~$8M of Class A-1 common stock in Q2.
Reached $1.1M settlement with Illinois Gaming Board, included in Q2 results.

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 second quarter ended June 30, 2023 results: revenue $292.6 million, net income $10.0 million.

Period: second quarter ended June 30, 2023
Revenue: $292.6 million
Net income: $10.0 million
Result: reported results

Exact text from the filing

• Ended Q2 2023 with 3,655 locations; an increase of 5% compared to Q2 2022 • Ended Q2 2023 with 23,759 gaming terminals; an increase of 7% compared to Q2 2022 • Revenue of $292.6 million for Q2 2023, an increase of 28% compared to Q2 2022 • Net income of $10.0 million for Q2 2023; a decrease of 56% compared to Q2 2022 primarily attributable to the $4.8 million

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Source: SEC EDGAR

accession 0001698991-23-000038

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