Accel Entertainment Q3 revenue rises 5.1% to $302.2M; net income drops 53% on earnout adjustment

Accel Entertainment, Inc.

2024-Q3 EPS reported $0.32 revenue$913,457,000

Record revenue $302.2M (+5.1% YoY); net income $4.9M (-53.2%) due to fair value change on earnout shares.
Adjusted EBITDA $45.9M (+3.9%); locations up 2.8% to 4,014, terminals up 4.1% to 25,729.
Two Q4 acquisitions announced: Louisiana distributed gaming operator and FanDuel Sportsbook in Collinsville, IL.
Repurchased $6.2M of stock in Q3; net debt $289M (+2.4% from Q3 2023).

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