Accel Entertainment, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 04:37 pm EST
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Accel Entertainment, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 274.12 million compared to USD 255.61 million a year ago. Revenue was USD 287.5 million compared to USD 266.97 million a year ago. Net income was USD 10.45 million compared to USD 22.44 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to USD 0.25 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to USD 0.25 a year ago.
For the nine months, sales was USD 831.05 million compared to USD 662.49 million a year ago. Revenue was USD 873.35 million compared to USD 691.73 million a year ago. Net income was USD 29.62 million compared to USD 60.7 million a year ago. Basic earnings per share from continuing operations was USD 0.34 compared to USD 0.66 a year ago. Diluted earnings per share from continuing operations was USD 0.34 compared to USD 0.66 a year ago.
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 Companyâs 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.