Accel Entertainment Inc Stock Price, News & Analysis

Accel Entertainment, Inc. (NYSE: ACEL) reported Q2 2022 revenue of $227.9 million, up 13% year-over-year. Net income soared 81% to $22.5 million. The company ended the quarter with 3,489 locations and 22,128 gaming terminals, reflecting increases of 38% and 68%, respectively. However, net debt rose 69% to $282 million due to a $160 million credit facility draw for acquiring Century Gaming. Updated guidance projects $960 - $990 million in revenue and $160 - $165 million Adjusted EBITDA for 2022, including Century's pro forma results.

Accel Entertainment, Inc. (NYSE: ACEL) will release its financial results for Q2 2022 on August 9, 2022, after market close. A conference call to discuss these results is scheduled for August 10, 2022, at 8:30 AM ET. Interested participants can register for the live webcast at this link. Accel is a leading distributed gaming operator in the U.S., specializing in VGT installation and maintenance across various non-casino locations in Illinois.

Accel Entertainment has successfully completed the acquisition of Century Gaming for $164.2 million in cash and stock. This strategic move adds over 8,300 gaming terminals and more than 900 licensed locations across Montana and Nevada, enhancing Accel's footprint in the Western U.S. The acquisition also includes manufacturing capabilities through Grand Vision Gaming, and additional rewards programs. Accel CEO Andy Rubenstein expressed enthusiasm about future growth opportunities within these markets.

Accel Entertainment, Inc. (NYSE: ACEL) reported strong Q1 2022 results, showcasing a 34% revenue increase year-over-year to $196.9 million. Net income surged to $15.8 million, a 952% rise from Q1 2021. Adjusted EBITDA grew 37% to $35.2 million. The company expanded its operations, ending the quarter with 2,565 locations and 13,663 video gaming terminals, representing increases of 4% and 7% respectively. Net debt decreased by 22% to $147 million. Additionally, Accel is on track to acquire Century Gaming, Inc., expected to close by the end of May.

Accel Entertainment, Inc. (NYSE: ACEL) announced it will release its financial results for Q1 2022 after market close on May 4, 2022. The company will host a conference call on May 5, 2022, at 11:00 AM CT to discuss its operating and financial results. Interested parties can register for the live webcast via the provided link. Accel is a prominent distributed gaming operator in the US, particularly in Illinois, focusing on the installation and operation of video gaming terminals in non-casino locations.

Accel Entertainment has appointed Mathew Ellis as Chief Financial Officer, effective May 1, 2022. Ellis, formerly the Senior Vice President of Corporate Strategy, succeeds Brian Carroll, who will assist during the transition before retiring at the end of 2023. CEO Andy Rubenstein highlighted Accel's financial strengths and Ellis's role in advancing the company’s strategic direction and investor relations. Ellis aims to maintain Accel's competitive edge in the gaming industry while enhancing shareholder returns, leveraging his experience in M&A and financial planning.

Accel Entertainment, Inc. (NYSE: ACEL) reported strong financial results for Q4 and the full year 2021. Revenue reached $192 million for Q4 and $735 million for the year, achieving record figures in revenue, net income, and adjusted EBITDA. Net income was $7 million for Q4 and $32 million for the year, with adjusted EBITDA of $33 million and $140 million, respectively. The company ended 2021 with 2,584 locations and 13,639 VGTs, marking increases of 6% and 11% year-over-year. Net debt decreased by 31% to $143 million.

Accel Entertainment, Inc. (NYSE: ACEL) has announced that it will release its financial and operating results for the fourth quarter and full year ending December 31, 2021, after market close on March 9, 2022. A conference call to discuss these results will take place on March 10, 2022, at 11:00 AM CT (12:00 PM ET). Interested parties can join the live webcast by registering at the provided link. Accel is a leading distributed gaming operator in the U.S., specializing in the operation of video gaming terminals in various non-casino locations across Illinois.

Accel Entertainment, Inc. (NYSE: ACEL) announced a $200 million share repurchase program aimed at maximizing shareholder value. The timing and number of shares repurchased will depend on various factors, including market conditions. CEO Andy Rubenstein emphasized the company's strong free cash flow and confidence in its strategic growth plans. The repurchase may occur through open market purchases or private transactions, with no obligation for the company to repurchase any specific number of shares.