Accel Entertainment Q3 revenue up 8% to $287.5M; net income falls 53% to $10.5M

Accel Entertainment, Inc.

2023-Q3 EPS reported $0.34 revenue$873,352,000

Revenue $287.5M (+8% YoY); net income $10.5M (-53%) due to $1.6M loss on contingent earnout shares vs $10.4M gain in prior year.
Adjusted EBITDA $44.1M (+7% YoY); locations up 5% to 3,687; terminals up 7% to 24,016.
Illinois same-store sales grew 1%; net debt reduced 9% to $282M.
Repurchased ~$3M of Class A-1 common stock in Q3 2023.
CEO cites strong balance sheet and expansion opportunities outside Illinois.

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 third quarter ended September 30, 2023 results: revenue $287.5 million, net income $10.5 million.

Period: third quarter ended September 30, 2023
Revenue: $287.5 million
Net income: $10.5 million
Result: reported results

Exact text from the filing

• Ended Q3 2023 with 3,687 locations; an increase of 5% compared to Q3 2022 • Ended Q3 2023 with 24,016 gaming terminals; an increase of 7% compared to Q3 2022 • Revenue of $287.5 million for Q3 2023, an increase of 8% compared to Q3 2022 • Net income of $10.5 million for Q3 2023; a decrease of 53% compared to Q3 2022 primarily attributable to the $1.6 million

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Source: SEC EDGAR

accession 0001698991-23-000048

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