NYSE$ACEL

Accel Entertainment Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Accel Entertainment's financial performance for Q1 2022 showed revenue growth and strategic investments.

Accel Entertainment reported a strong first quarter in 2022, with revenue increasing by 30% to $84.6 million. The company focused on strategic investments and operational improvements, positioning itself for continued growth.

  • Revenue increased 30% year-over-year to $84.6 million.
  • Net income reached $7.4 million, or $0.08 per share.
  • Adjusted EBITDA grew to $35.2 million.
  • The company continues to focus on strategic investments and operational efficiencies.

Headline financials

Total Revenue

$197M

Previous: $147M+33.9%
EPS (adj)

$0.19

Previous: $0.12+58.3%
Total Locations

2.4K

Previous: 2.7K-11.5%
Total Gaming Terminals

13.8K

Previous: 14.9K-7.4%
Adjusted EBITDA

$35.2M

No prior period
Capital Expenditures

-$6.75M

Previous: -$2.04M-230.3%
Free Cash Flow

$9.04M

Previous: -$543K+1764.1%
Net Income

$15.8M

Previous: $1.5M+951.8%
Operating Income

$21.2M

Previous: $9.56M+121.9%
Gross Profit

-$133M

Previous: -$98.9M-34.1%
Cash & Equivalents

$195M

Previous: $173M+12.9%
Total Assets

$625M

Previous: $590M+5.9%
Stock-Based Comp

$1.61M

Previous: $1.59M+0.8%

Revenue & EPS history

Accel Entertainment · Revenue · Quarterly

$197M

Q1 2022+33.9%vs Q1 2021
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Forward guidance

Accel Entertainment anticipates continued growth and expansion throughout 2022, driven by strategic investments and operational efficiencies. The company expects to maintain its strong market position and capitalize on opportunities in the gaming and entertainment sectors.

Tailwinds

  • Continued expansion into new markets.
  • Strategic investments expected to drive future growth.
  • Focus on operational efficiencies to improve profitability.
  • Strong market position in the gaming and entertainment sectors.
  • Positive trends in revenue per location.

Headwinds

  • Potential impact of economic conditions on consumer spending.
  • Increased competition in the gaming market.
  • Regulatory changes could affect operations.
  • Fluctuations in terminal performance.
  • Uncertainties related to the ongoing COVID-19 pandemic.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.7%

Avg return

Earnings day

-4.6%

Avg return

5 days after

+1.1%

Avg return

30 days after

53%

18 / 34 earnings

Positive

+29.1%

Q2 2020

Best reaction

-19.7%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.1%-4.8%-1.2%
Q4 2025+19.2%+3.7%-0.3%
Q3 2025-0.7%-1.5%+1.6%
Q1 2025+4.6%+6.0%+3.4%
Q4 2024-8.0%-10.9%-14.9%
Q3 2024-3.7%-3.8%+0.8%
Q2 2024+11.3%-0.7%+6.8%
Q1 2024-13.8%-13.3%-11.7%
Q4 2023+7.9%+7.7%+12.3%
Q3 2023+5.3%+3.5%-3.8%
Q2 2023+8.1%+2.8%+6.8%
Q1 2023+7.3%+3.1%+10.3%
Q4 2022+2.7%+2.8%-2.1%
Q3 2022-11.8%-11.5%-14.6%
Q2 2022-19.7%-11.8%-23.6%
Q1 2022-9.9%-16.1%-10.6%
Q4 2021+4.1%-1.9%-9.0%
Q3 2021+0.2%+2.2%+0.2%
Q2 2021+4.6%+3.0%+4.7%
Q1 2021+8.2%+10.7%+4.3%
Q4 2020-2.7%-10.2%-5.9%
Q3 2019+0.8%+7.9%+4.5%
Q3 2020+0.8%+7.9%+4.5%
Q2 2020+29.1%+27.5%+61.1%
Q1 2019-13.3%-7.9%+13.6%
Q1 2020-13.3%-7.9%+13.6%
Q4 2017-11.3%-35.6%-3.1%
Q2 2019-11.3%-35.6%-3.1%
Q4 2019-11.3%-35.6%-3.1%
Q4 2018-11.3%-35.6%-3.1%
Q3 2018+0.2%+0.3%+0.0%
Q2 2018+0.3%+0.0%-1.0%
Q1 2018-0.1%+0.4%+0.3%
Q3 2017+0.0%+0.2%+0.4%
Q2 2017
Q1 2017

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