---
schema_version: "secwatch.filing_event.v1"
accession: "0001698991-24-000024"
form_type: "8-K"
ticker: "ACEL"
cik: "0001698991"
company_name: "Accel Entertainment, Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T11:39:09.607710+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001698991-24-000024
- form_type: 8-K
- ticker: ACEL
- cik: 0001698991
- company_name: Accel Entertainment, Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1698991/000169899124000024/0001698991-24-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698991/000169899124000024/acel-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001698991-24-000024
- JSON: https://secwatch.observer/filing/0001698991-24-000024.json
- Plain text: https://secwatch.observer/filing/0001698991-24-000024.txt

## Key facts
- Earnings Releases
  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
  source text: • 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698991/000169899124000024/0001698991-24-000024-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.