Accel Entertainment concluded 2024 with strong performance, achieving record revenues for both Q4 and the full year, driven by an increase in locations and gaming terminals. The company also expanded into new markets through strategic acquisitions and replenished its share repurchase program.
Record revenues of $317.5 million for Q4 2024, an increase of 6.9% compared to Q4 2023.
Ended Q4 2024 with 4,117 locations, a 3.9% increase compared to Q4 2023.
Ended Q4 2024 with 26,346 gaming terminals, a 5.0% increase compared to Q4 2023.
Adjusted EBITDA of $47.4 million for Q4 2024, an increase of 6.2% compared to Q4 2023.
Accel Entertainment anticipates continued growth and strong returns on capital, driven by strategic acquisitions, expansion into new markets like Louisiana, and ongoing construction for casino operations in Illinois. The company expects to maintain attractive low-teens returns on capital, generate more free cash flow, and improve trading multiples.
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