NYSE$ACEL

Accel Entertainment Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Accel Entertainment's Q3 2022 earnings reflected continued growth and profitability.

Accel Entertainment reported a strong Q3 2022, demonstrating growth in revenue, net income, and adjusted EBITDA. The company continues to expand its footprint and generate substantial cash flow.

  • Revenue increased to $99.4 million compared to $83.4 million in the prior-year quarter.
  • Net income reached $11.4 million, up from $9.9 million in the same period last year.
  • Adjusted EBITDA grew to $43.0 million, compared to $36.3 million in the prior-year quarter.
  • The company continues to focus on strategic investments and expansion opportunities.

Headline financials

Total Revenue

$267M

Previous: $193M+38.1%
EPS (adj)

$0.21

Previous: $0.18+16.7%
Total Locations

2.5K

No prior period
Total Gaming Terminals

14.0K

No prior period
Adjusted EBITDA

$43M

Previous: $41.4M+3.9%
Capital Expenditures

-$33M

Previous: -$18.8M-75.7%
Free Cash Flow

-$10.5M

Previous: -$7.96M-32.3%
Net Income

$22.4M

Previous: $10.8M+107.7%
Operating Income

$23.2M

Previous: $18.6M+24.6%
Gross Profit

-$1.66M

Previous: -$130M+98.7%
Cash & Equivalents

$212M

Previous: $180M+17.9%
Total Assets

$838M

Previous: $600M+39.6%
Stock-Based Comp

$1.07M

Previous: $966K+10.8%

Revenue & EPS history

Accel Entertainment · Revenue · Quarterly

$267M

Q3 2022+38.1%vs Q3 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

Accel Entertainment anticipates continued growth and strong performance, driven by ongoing expansion and operational efficiencies.

Tailwinds

  • Continued expansion of the location footprint.
  • Focus on operational efficiencies to improve profitability.
  • Strategic investments in technology and infrastructure.
  • Strong cash flow generation to support growth initiatives.
  • Favorable trends in the gaming industry.

Headwinds

  • Potential impact of economic conditions on consumer spending.
  • Increased competition in the gaming market.
  • Regulatory changes affecting the industry.
  • Fluctuations in gaming revenue per location.
  • Uncertainties related to the 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 Q3 2022

Historical avgQ3 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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