Accel Entertainment (ACEL) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this company would post earnings of $0.21 per share when it actually produced earnings of $0.19, delivering a surprise of -9.52%.Over the last four quarters, the comp ...

Financial Data and Key Metrics Changes - The company reported total revenue of $344 million for Q1 2025, marking a 7% year-over-year increase, and adjusted EBITDA of $50 million, also a 7% increase year-over-year [5][15] - As of March 31, the company had 27,180 terminals across 4,391 locations, reflecting year-over-year increases of 4.4% and 2.9% respectively [15] Business Line Data and Key Metrics Changes - Revenue growth was particularly strong in Illinois and Montana, with year-over-year increases of 48% in Illinois and 48% in Montana [6] - Revenue per location in core states showed varied performance: Illinois at $885 per day (up 2.9%), Montana at $610 per day (up 2.7%), Nevada at $802 per day (down 5.3%), Louisiana at $972 per day, Nebraska at $263 per day (up 12.9%), and Georgia at $145 per day (up 59.3%) [16] Market Data and Key Metrics Changes - Nebraska and Georgia continued to show strong double-digit revenue growth, while Nevada experienced a slight revenue decline due to the loss of a key customer [6] - The company has completed the integration of operations in Louisiana, which is expected to generate revenue growth opportunities [6] Company Strategy and Development Direction - The company aims to drive further synergies and performance improvements through the integration of acquired operations and the rollout of proprietary products across its national footprint [7][9] - The decentralized gaming model allows the company to efficiently allocate capital based on local demand trends, differentiating it from larger operators [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the continued strength of consumer demand and the company's ability to scale operations effectively [25][29] - The company remains focused on generating organic revenue growth with expanding margins and improved free cash flow [19] Other Important Information - The Fairmont Park Casino opened on April 18, 2025, marking a significant milestone for the company [10] - The company announced the departure of CFO Matt Ellis, with Mark Phelan stepping in as acting CFO [13][14] Q&A Session Summary Question: Impact of tariffs on growth and CapEx - Management indicated that most CapEx for the year has locked in prices, minimizing tariff impacts, and noted strong consumer demand [24][25] Question: Weather impact on performance - Weather was reported as a neutral factor, with no significant negative impact on consumer behavior [28][29] Question: Strategy for underperforming locations - The company continues to prune underperforming locations to optimize profitability and reallocate assets to better-performing situations [32][33] Question: Update on Louisiana's performance - Early trends in Louisiana are positive, with ongoing remodeling and optimization efforts expected to enhance performance [35][36] Question: Timing and next steps for Fairmont Phase two - Phase two will be informed by the operational performance of Phase one, with clarity expected after the racing season ends in October [45] Question: CapEx expectations for 2025 - The company reiterated its CapEx forecast of $75 million to $80 million for 2025, with expectations of returning to normalized levels of $40 million to $45 million thereafter [48][49]

First Quarter 2025 Earnings Presentation May 2025 Important Information Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, contained in this presentation are forward-looking statements, including, but not limited to, any statements regarding our estimates of number of gaming ter ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ______ Commission File Number 001-38136 Accel Entertainment, Inc. (Exact Name of Registrant as specified in its charter) (State or other jurisdiction of incor ...

Highlights: Accel CEO Andy Rubenstein commented, "Our operating and financial momentum continues in 2025. In the first quarter, we generated our highest quarterly revenue since going public and strong Adjusted EBITDA as we expanded the number of locations we serve and increased the number of gaming terminals. In April, we opened Phase I of our casino and commenced horse racing operations at Fairmount Park Casino & Racing, which has already garnered solid customer visitation and play. This past Saturday, we ...

Group 1 - The article discusses the expertise of a seasoned equity analyst and accountant specializing in restaurant stocks, highlighting the analytical models and valuation techniques employed to provide insights and strategies for investors [1] - The coverage of the company includes various segments of the restaurant industry such as QSR, fast casual, casual dining, fine dining, and family dining, indicating a comprehensive approach to market analysis [1] - The analyst's engagement in academic and journalistic initiatives aims to promote financial education and accessibility of complex financial topics to a broader audience [1]

Core Insights - Vivic Corp. has secured a significant order from ACEL Power Inc. for three electric yachts, valued at approximately US$2.2 million, to be paid in installments based on milestone achievements [1][2][3] - The contract is expected to enhance Vivic's position in the high-end electric yacht market and reflects ACEL's recognition of Vivic's capabilities [3][4] - The partnership with ACEL is aimed at developing new energy-electric yachts, leveraging the complementary technical expertise of both companies to foster innovation in the industry [3][4] Company Overview - Vivic Corp. is focused on becoming a global leader in the yacht industry, emphasizing innovative technology, product diversity, and sustainable development [5][6] - The company offers a wide range of products, including all-electric and traditional power yachts, and provides comprehensive pre-sales and after-sales services [5][6] - Vivic is committed to environmental protection and social responsibility, striving for sustainable development while catering to various client needs [5][6]

Group 1 - Accel Entertainment (ACEL) has experienced a significant decline of 10.6% over the past four weeks, but it is now in oversold territory, indicating a potential trend reversal [1] - The Relative Strength Index (RSI) for ACEL is currently at 28.82, suggesting that the heavy selling pressure may be exhausting itself [5] - There is strong consensus among Wall Street analysts that ACEL will report better earnings than previously predicted, with a 23.7% increase in the consensus EPS estimate over the last 30 days [6] Group 2 - ACEL holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [7]

Regulatory Risks - The company is subject to strict government regulations that may limit operations and expose it to fines or penalties [110] - The company is involved in an administrative hearing process related to alleged violations of the Video Gaming Act, which could affect its ability to retain or obtain licenses [113] - Changes in gaming or horse racing legislation could hinder operations and increase compliance costs, potentially impacting profitability [114] - The company is monitoring regulatory developments that could impact the expansion of gaming operations [125] - Holders of Class A-1 common stock are subject to gaming regulations, which may require disclosure and qualification by gaming authorities [150] - Changes in gaming laws and regulations could impact the company's operations and market position [153] Financial Condition and Debt - As of December 31, 2024, the company had total indebtedness of $597.4 million, all borrowed under the Credit Agreement, with approximately $143.5 million of availability [134] - The company is required to maintain a consolidated first lien net debt to consolidated EBITDA ratio no greater than 4.50 to 1.00 and a consolidated EBITDA to consolidated fixed charges ratio no less than 1.20 to 1.00 [141] - The company may not have sufficient cash flows from operating activities to service all indebtedness and may need to take actions such as refinancing or selling assets [136] - As of December 31, 2024, borrowings under the senior secured credit facility amounted to $597.4 million [274] - A 1.0% increase in underlying interest rates would result in an annual increase in interest expense of approximately $3.0 million, assuming the balance remains at $597.4 million [274] - The company has hedged the variability of cash flows attributable to changes in the 1-month LIBOR/SOFR interest rate on the first $300 million of the term loan through a series of 48 deferred premium caplets [274] Operational Risks - The company faces risks from natural disasters that could disrupt operations and impact financial condition [109] - The company may incur significant expenses related to product defects or claims from location partners, affecting profitability [115] - Ongoing litigation could result in substantial costs and distract management from core operations [117] - The company’s financial results depend on estimates and judgments that, if incorrect, could adversely affect operating results [118] - Security breaches or disruptions could compromise sensitive information and expose the company to liability [126] - The company faces risks related to third-party service providers, such as Microsoft and Salesforce, which have experienced cybersecurity incidents that could adversely affect operations [129] Market Risks - The company is exposed to interest rate risk as a significant portion of borrowings are at variable rates, which could negatively impact cash flows and financial condition if rates increase [135] - The market price and trading volume of Class A-1 common stock may be volatile and could decline significantly due to various factors [152] - Future issuances of debt or equity securities may adversely affect the market price of existing securities and could be dilutive to current stockholders [156] - The company may face substantial costs and management distraction from potential securities class-action litigation following periods of market volatility [155] - The company is exposed to market risk primarily due to fluctuations in interest rates [273] - The sale or perception of a large number of securities could depress the market price of Class A-1 common stock [162] Strategic Risks - The company’s success relies on the protection of intellectual property, which may be difficult to enforce [120] - The company may incur significant upfront costs prior to receiving any revenue under gaming or amusement contracts, impacting liquidity and the ability to secure new contracts [131] - The company’s ability to pursue strategic acquisitions or market expansions may be restricted if adequate liquidity is not maintained [132] - The company may not realize anticipated returns on new or renewed contracts due to factors like lower retail sales or higher operating expenses [132]

Financial Data and Key Metrics Changes - For Q4 2024, total revenue reached $318 million, a year-over-year increase of 6.9%, and adjusted EBITDA was $47 million, up 6.2% year-over-year [23] - For the full year, total revenue was $1.2 billion, reflecting a 5.2% increase, while adjusted EBITDA increased by 4.2% to $189 million [23] - As of December 31, 2024, the company had 26,346 terminals across 4,117 locations, representing year-over-year increases of 5% and 3.9%, respectively [23] Business Line Data and Key Metrics Changes - In Illinois, revenue per location was $868 per day, an increase of 3.5% year-over-year, while Montana saw $614 per day, up 4.6% year-over-year [23] - Nebraska reported $253 per day, a 5.9% increase year-over-year, while Louisiana had $979 per day [23] - The company strategically closed 54 underperforming locations in 2024 to enhance operational efficiency [10] Market Data and Key Metrics Changes - Illinois experienced market-wide GGR growth of 4% year-over-year, outperforming local casinos which were down 3% [8] - The company is focusing on refining its sales and operating model to enhance performance across its footprint [11] Company Strategy and Development Direction - The company aims for low single-digit revenue growth, mid-single-digit EBITDA growth, and high single-digit free cash flow growth in its core route-based business model [16] - Future growth levers include organic growth in Illinois, Nebraska, and Georgia, and potential acquisitions in the fragmented local gaming market [17] - The company is also preparing for the rollout of ticket in, ticket out (TITO) technology in 2025 to enhance player experience [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of their business model and the demand for local gaming offerings [23] - The company is optimistic about growth opportunities in Louisiana, particularly in the fragmented truck stop and bar markets [59] - Management is continuously monitoring regulatory changes and believes iGaming legislation may not be prioritized in established route gaming markets like Illinois [55] Other Important Information - The company repurchased 361,000 shares at an average price of $11.14 per share during the quarter, totaling $4 million [26] - The board authorized replenishing the share repurchase program to $200 million, indicating a strong balance sheet and low leverage [27] Q&A Session Summary Question: Contributions from Louisiana and Fairmont to the model - Management indicated that Louisiana is expected to contribute $6 million of EBITDA for the full year 2025, with Fairmont projected to generate $25 million of EBITDA once fully operational [34] Question: Trends in Illinois and other markets - Management noted favorable weather conditions in January contributed to strong performance, while February saw less favorable conditions [38] Question: Pruning of Illinois units and future growth - Management clarified that pruning underperforming locations is an ongoing process, with expectations for improved profitability in the future [44] Question: Expansion in e-pull tabs market - Management acknowledged the potential of the e-pull tabs market but emphasized the need for partnerships to effectively participate [49] Question: Legislative changes and iGaming prospects - Management stated that while iGaming legislation is being monitored, it is unlikely to gain traction in established route gaming markets like Illinois [55] Question: Growth opportunities in Louisiana - Management highlighted the fragmented nature of the Louisiana market and the potential for organic growth through improvements in truck stops and bars [61]