Accel Entertainment Inc Stock Price, News & Analysis

Accel Entertainment, Inc. (NYSE: ACEL) is set to release its financial and operational results for Q1 ending March 31, 2023, after market close on May 3, 2023. A conference call will follow at 5:30 PM ET to discuss these results. The registration for the live webcast is available via the company's investor relations website, enabling participants to access the event and subsequent replay.

Accel positions itself as a leading distributed gaming operator in the U.S. based on Adjusted EBITDA. The company's operations focus on the installation and maintenance of gaming terminals and devices in non-casino locations, targeting partnerships with local business owners in various sectors such as restaurants, bars, and convenience stores.

Accel Entertainment, Inc. (NYSE: ACEL) reported strong financial results for Q4 2022 and the full year, demonstrating growth due to the acquisition of Century Gaming, Inc. Highlights include:

• Revenue: $278 million in Q4 2022, up from $192 million in Q4 2021; $970 million for the full year, a rise from $735 million in 2021.
• Net Income: $13 million for Q4 2022; $74 million for the year.
• Adjusted EBITDA: $43 million in Q4 2022; $162 million for the year.
• Location Count: 3,598 locations and 23,150 gaming terminals, marking increases of 39% and 70%, respectively, compared to 2021.

Despite increased net debt of $318 million, CEO Andy Rubenstein expressed confidence in continued growth.

Accel Entertainment, Inc. (NYSE: ACEL) announced it will release its financial and operating results for Q4 and full year ended December 31, 2022, after market close on February 28, 2023. A conference call to discuss the results will take place at 5:30 PM ET on the same day. Interested parties can register for a live webcast and access a replay via Accel’s investor relations website.

Accel claims to be the leading distributed gaming operator in the U.S. on an Adjusted EBITDA basis, focusing on gaming terminals in authorized non-casino locations across Illinois, Montana, and Nevada.

Accel Entertainment, Inc. (NYSE: ACEL) reported strong financial results for Q3 2022, achieving revenue of $267.0 million, a 38% increase from Q3 2021. Net income grew by 108% to $22.4 million. The company expanded its footprint, ending the quarter with 3,517 locations and 22,429 gaming terminals, marking increases of 38% and 68%, respectively, primarily due to its acquisition of Century Gaming. Despite a 109% rise in net debt to $309 million, Accel reaffirmed its 2022 guidance for revenue and EBITDA. The CEO highlighted their growth strategy and shareholder returns amidst inflationary pressures.

Accel Entertainment, Inc. (NYSE: ACEL) will release its third-quarter financial results for the period ended September 30, 2022, after market close on November 8, 2022. A conference call will follow at 5:30 PM ET to discuss these results. Accel claims to be a leading distributed gaming operator in the U.S., focusing on gaming terminal operations in non-casino venues across Illinois, Montana, and Nevada. Interested parties can register for the live webcast or access the replay on Accel’s investor relations website.