Accel Entertainment(US:ACEL)2025-05-05 20:35Q1 2025 Financial Highlights - Accel achieved record revenues of $324 million in Q1 2025, a 7% increase compared to $302 million in Q1 2024[17, 24] - Net income for Q1 2025 was $15 million, a 97% increase compared to $7 million in Q1 2024[17, 32] - Adjusted EBITDA for Q1 2025 reached $50 million, a 7% increase compared to $46 million in Q1 2024[17, 22, 24] - Capital expenditures (CapEx) increased to $27 million in Q1 2025, a 30% increase compared to $21 million in Q1 2024[25] Operational Performance - As of March 31, 2025, Accel operated 27,180 gaming terminals across 4,391 locations in multiple states[9] - The number of locations increased by 3% from 4,267 in Q1 2024 to 4,391 in Q1 2025[25] - The number of terminals increased by 4% from 26,029 in Q1 2024 to 27,180 in Q1 2025[25] - Net Debt was $309 million as of March 31, 2025[11] Capital Allocation - Accel repurchased $10 million of its Class A-1 Common Stock in Q1 2025, bringing the total repurchased to $154 million since the program's inception in November 2021[17] Expansion and New Ventures - Casino and racing operations commenced at Fairmount Park Casino & Racing in April 2025[17]