Accel Entertainment Q1 revenue up 2.9% to $301.8M; net income down 19.2% to $7.4M

Accel Entertainment, Inc.

2024-Q1 EPS reported $0.09 revenue$301,817,000

Net income of $7.4M vs $9.2M in Q1 2023; GAAP EPS likely impacted by higher expenses.
Adjusted EBITDA of $46.2M, up 0.3% YoY; adjusted net income $19.5M, down 7.4%.
Locations grew 5.1% to 3,987 and gaming terminals up 5.6% to 25,321 year-over-year.
Net debt fell 7% to $286M; repurchased $6.1M of common stock in Q1 2024.
CEO cited solid quarter despite weather; exploring expansion 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 0.95

Accel Entertainment, Inc. reported first quarter ended March 31, 2024 results: revenue $301.8 million, net income $7.4 million.

Period: first quarter ended March 31, 2024
Revenue: $301.8 million
Net income: $7.4 million
Result: reported results

Exact text from the filing

• Ended Q1 2024 with 3,987 locations; an increase of 5.1% compared to Q1 2023 • Ended Q1 2024 with 25,321 gaming terminals; an increase of 5.6% compared to Q1 2023 • Revenues of $301.8 million for Q1 2024; an increase of 2.9% compared to Q1 2023 • Net income of $7.4 million for Q1 2024; a decrease of 19.2% compared to Q1 2023 • Adjusted EBITDA of $46.2 million for Q1

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Source: SEC EDGAR

accession 0001698991-24-000024

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