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Earnings Call Summary | Accel Entertainment(ACEL.US) Q1 2024 Earnings Conference

moomoo AI ·  May 11 16:03  · Conference Call

The following is a summary of the Accel Entertainment, Inc. (ACEL) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • Accel Entertainment reported a Q1 revenue of $302 million, a YoY increase of 2.9%.

  • Adjusted EBITDA increased by 0.3% YoY to $46 million.

  • Despite negative same-store sales growth, new locations in Illinois and Nebraska allowed for overall revenue growth.

  • The company ended Q1 with $286 million in net debt and $553 million of liquidity.

Business Progress:

  • Accel maintains a stable cost structure amidst inflationary impacts, and sees a bright future with an active pipeline across the country.

  • Almost 60% of the $200 million share repurchase program is completed.

  • Plans for expansion in multiple markets by year-end are underway, backed by their consistent growth and strong balance sheet.

More details: Accel Entertainment IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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