secwatch.observer — SEC 8-K summary
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Issuer:     Accel Entertainment, Inc. (ACEL)
CIK:        0001698991
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001698991-23-000048
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698991/000169899123000048/0001698991-23-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698991/000169899123000048/acel-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001698991-23-000048

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