Accel Entertainment Inc (N:ACEL)
Business Focus: Gaming Machine Operators
| Sector: Consumer Cyclicals | Industry: Casinos & Gaming |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 140 Tower Dr BURR RIDGE IL 60527 |
| Tel: | N/A |
| Website: | https://www.accelentertainment.com |
| IR: | See website |
| Key People | ||
| Andrew Rubenstein President, Chief Executive Officer, Director | Mathew Ellis Chief Financial Officer | Mark Phelan President, U.S. Gaming | Derek Harmer Chief Compliance Officer, General Counsel |
| Business Overview |
| Accel Entertainment, Inc. is a distributed gaming operator in the United States and a partner for local business owners in the markets it serves. The Company's business consists of the installation, maintenance and operation of gaming terminals, redemption devices that disburse winnings and contain automated teller machine (ATM) functionality, and other amusement devices in authorized non-casino locations such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores. It also operates ATMs in gaming and non-gaming locations. The Company's gaming-as-a-service platform provides local businesses with a turnkey gaming solution. It owns all of its gaming equipment and manages the operating process for its licensed partners. In addition to its gaming business, it also installs, operates and services redemption devices that have ATM functionality, ATMs and amusement devices, including jukeboxes, dartboards, pool tables, pinball machines and others. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Accel Entertainment Inc revenues increased 21% to $1.17B. Net income decreased 38% to $45.6M. Revenues reflect Net gaming increase of 20% to $1.11B, Manufacturing increase of 75% to $13.4M, ATM fees and other increase of 22% to $19.5M. Net income was offset by General and administrative - Balancing increase of 24% to $174.1M (expense). |
| Employees: | 1,330 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,181M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,170M as of Dec 31, 2023 |
| EBITDA (TTM): | $166.52M as of Dec 31, 2023 |
| Net annual income (TTM): | $45.60M as of Dec 31, 2023 |
| Free cash flow (TTM): | $50.79M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $280.96M as of Dec 31, 2023 |
| Shares outstanding: | 83,775,604 as of Mar 15, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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