Accel Entertainment has released its financial and operating results for the fourth quarter and for the 2021 full year. The company had its best year-to-date for revenue, net income and adjusted EBITDA.
The company generated $192m in revenue for the fourth quarter and a total of $735m during the 2021 fiscal year.
Net income reached of $7m during Q4 and $32m for the year’s end. The company reported an adjusted EBITDA of $33m for the fourth quarter. For the full year, adjusted EBITDA reached $140m.
The company ended the year with $143m of net debt, down 31% compared to its net debt in 2020.
The published report also reflects significant company growth throughout the year. The number of locations climbed by 6% since last year, bringing the current total to 2,584. The company also acquired amusement device and ATM operator Rich & Junnie’s and began its Iowa operations at the end of the year.
Accel Entertainment CEO Andy Rubenstein said: “We are pleased to report another strong quarter of results which led to a record full year 2021. In the year ahead, we look forward to capitalizing on this momentum and remain focused on growing our business both organically and inorganically while continuing to return capital to shareholders.
“Our asset-light and hyper-local business model remains proven and continues to give us a truly unique competitive advantage in the industry as we further cement Accel’s position as the preferred choice in distributed gaming.”
Accel Entertainment expects to close the deal to acquire Century Gaming, Inc. by the end of May.
