NYSE$ACEL

Accel Entertainment Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Accel Entertainment's revenue increased significantly, driven by growth in video gaming terminals and strategic acquisitions.

Accel Entertainment reported a strong second quarter, with significant revenue growth driven by increased video gaming terminal operations and strategic acquisitions. The company's financial performance reflects its continued expansion and market leadership in the distributed gaming industry.

  • Revenue increased to $84.7 million compared to $39.9 million in the prior year.
  • Net income increased to $7.1 million compared to $0.3 million in the prior year.
  • Adjusted EBITDA increased to $34.4 million compared to $16.7 million in the prior year.
  • The company continues to expand its footprint through strategic acquisitions and organic growth.

Headline financials

Total Revenue

$202M

Previous: $379K+53191.3%
EPS (adj)

$0.13

Previous: -$0.17+176.5%
Total Locations

2.6K

Previous: 2.8K-6.1%
Total Gaming Terminals

13.0K

Previous: 15.0K-13.0%
Adjusted EBITDA

$34.4M

No prior period
Capital Expenditures

-$10.9M

Previous: -$4.12M-165.3%
Free Cash Flow

$1.51M

Previous: -$25.4M+105.9%
Net Income

$12.4M

Previous: -$21.3M+158.5%
Operating Income

$24.9M

Previous: -$23.8M+204.6%
Gross Profit

-$136M

Previous: $0.00
Cash & Equivalents

$179M

Previous: $149M+19.9%
Total Assets

$601M

Previous: $525M+14.4%
Stock-Based Comp

$2.15M

Previous: $1.33M+61.9%

Revenue & EPS history

Accel Entertainment · Revenue · Quarterly

$202M

Q2 2021+53,191.3%vs Q2 2020
Beat estimate in 7 of 10 quarters(70%)
ActualEstimate

Forward guidance

Accel Entertainment anticipates continued growth and expansion in the distributed gaming market. The company expects to benefit from strategic acquisitions, organic growth, and favorable market conditions.

Tailwinds

  • Continued expansion in existing markets.
  • Potential entry into new geographic markets.
  • Innovation in gaming technology and offerings.
  • Favorable regulatory developments.
  • Strong consumer demand for distributed gaming.

Headwinds

  • Increased competition in the distributed gaming market.
  • Potential regulatory changes that could impact operations.
  • Economic downturn affecting consumer spending.
  • Integration challenges with acquired businesses.
  • Unforeseen operational disruptions.

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 Q2 2021

Historical avgQ2 2021

-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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