Accel Entertainment, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 28, 2024 at 04:30 pm EST
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Accel Entertainment, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 297.07 million compared to USD 278.07 million a year ago. Net income was USD 15.99 million compared to USD 13.41 million a year ago.
For the full year, sales was USD 1,113.57 million compared to USD 925.01 million a year ago. Revenue was USD 1,170.42 million compared to USD 969.8 million a year ago. Net income was USD 45.6 million compared to USD 74.1 million a year ago. Basic earnings per share from continuing operations was USD 0.53 compared to USD 0.82 a year ago. Diluted earnings per share from continuing operations was USD 0.53 compared to USD 0.81 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.