secwatch.observer — SEC 8-K summary
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Issuer:     Accel Entertainment, Inc. (ACEL)
CIK:        0001698991
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001698991-24-000024
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698991/000169899124000024/0001698991-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698991/000169899124000024/acel-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001698991-24-000024

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