secwatch.observer — SEC 8-K summary
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Issuer:     Accel Entertainment, Inc. (ACEL)
CIK:        0001698991
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001698991-24-000041
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698991/000169899124000041/0001698991-24-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698991/000169899124000041/acel-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001698991-24-000041

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