Accel Entertainment Inc (NYSE:ACEL)

Q2 2026 Accel Entertainment Inc Earnings Call Transcript

Aug 4, 2026 / 08:03 PM GMT

Release Date Price: $12.16 (+1.08%)

Transcript 10-Q8-K

Key Points

Positve

Accel Entertainment Inc (ACEL) delivered record quarterly revenue of $368 million, up 10% year-over-year, and record adjusted EBITDA of $59 million, up 11%.
Illinois, its core market, saw average location hold per day increase 9% to $992, driven by a successful strategy of optimizing route quality over quantity.
The Chicago market is poised to open imminently, with Accel Entertainment Inc (ACEL) already approved for 44% of licensed establishments and infrastructure in place to scale quickly.
Developing markets are scaling profitably, with Nebraska and Georgia delivering exceptional revenue growth of 55% and 47%, respectively, and becoming meaningful contributors to earnings growth.
The company maintains a strong balance sheet with net leverage of 1.4 times, $255 million in cash, and a fully undrawn $300 million revolver, providing ample flexibility for growth and capital returns.
Fairmont Park delivered its highest quarterly gross profit since acquisition, up 33% year-over-year, with the investment thesis playing out as expected.

Negative

Nevada's hold per day declined 15.8% year-over-year due to a rapid mix shift toward lower-yielding convenience store locations, which are still in a 6-12 month transition period.
The company recorded a non-cash pre-tax charge of approximately $2.5 million related to disposing of legacy gaming equipment no longer part of its operating plan.
A $5 million non-cash loss was recognized due to the change in fair value of Class A2 contingent earn-out shares, which is tied to the rising share price and impacts reported net income.
Operating cash flow conversion was temporarily impacted by a $17 million green tax credit purchase, which shifted cash out of Q2 and into Q3, reducing quarterly free cash flow.
The timeline for the full deployment of the Chicago market is expected to take five-plus years, meaning the significant opportunity will be realized gradually rather than immediately.
The company's Illinois location and terminal counts declined modestly year-over-year, reflecting a strategic pruning of lower-performing locations that could limit top-line growth in the near term.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ACEL.N - Accel Entertainment Inc
Q2 2026 Accel Entertainment Inc Earnings Call
Aug 04, 2026 / 08:03PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, everyone.

Thank you for joining us and welcome to Accel Entertainment's Q2 2026 earnings call. After today's prepared remarks, we will host a question-and-answer session. If you would like to ask a question, please press *1 to raise your hand. To withdraw your question, please press *1 again.

I will now hand the conference over to Scott Levin, Chief Legal Officer at Accel. Please go ahead.

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Unidentified_2 [2]
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Thank you, operator. Welcome to Excel Entertainment's second quarter 2026 earnings call.

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