NYSE$ACEL

Accel Entertainment Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Accel Entertainment reported an increase in revenue and net income for Q4 2021, driven by growth in video gaming terminal operations.

Accel Entertainment reported a strong Q4 2021, with revenue increasing to $212.1 million and net income reaching $11.5 million. The company benefited from continued growth in its video gaming terminal operations and effective cost management.

  • Q4 revenue increased to $212.1 million, up from $163.5 million in the prior year.
  • Net income for Q4 was $11.5 million, compared to a net loss of $1.7 million in the prior year.
  • Adjusted EBITDA for Q4 increased to $34.4 million, up from $27.4 million in the prior year.
  • The company expanded its footprint, adding new locations and terminals during the quarter.

Headline financials

Total Revenue

$192M

Previous: $74.4M+158.4%
EPS (adj)

$0.18

Previous: -$0.04+550.0%
Total Locations

2.4K

Previous: 13.3K-82.2%
Total Gaming Terminals

13.6K

No prior period
Capital Expenditures

$11M

Previous: $8.11M+35.5%
Free Cash Flow

$19.5M

Previous: -$15.9M+222.5%
Net Income

$11.5M

Previous: $4.4M+161.4%
Operating Income

$17.4M

Previous: $8M+117.5%
Gross Profit

$62.7M

Previous: $25.1M+149.5%
Cash & Equivalents

$199M

Previous: $138M+43.6%
Total Assets

$616M

Previous: $560M+10.0%
Stock-Based Comp

$1.7M

Previous: $1.48M+14.4%

Revenue & EPS history

Accel Entertainment · Revenue · Quarterly

$192M

Q4 2021+158.4%vs Q4 2020
Beat estimate in 8 of 12 quarters(67%)
ActualEstimate

Forward guidance

Accel Entertainment anticipates continued growth in 2022, driven by expansion in existing markets and entry into new jurisdictions. The company expects to benefit from increased consumer spending and the ongoing recovery of the entertainment industry.

Tailwinds

  • Continued expansion in existing markets
  • Potential entry into new jurisdictions
  • Increased consumer spending
  • Ongoing recovery of the entertainment industry
  • Strategic acquisitions and partnerships

Headwinds

  • Increased competition
  • Changes in regulations
  • Economic downturn
  • Supply chain disruptions
  • Labor shortages

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 Q4 2021

Historical avgQ4 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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