Company: ACEL
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001698991-25-000034
Chunk: 38

Company: Accel Entertainment, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 38
---
 per share (“EPS”) were as follows for the three and six months ended June 30 (in thousands, except per share amounts):Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Net income attributable to Accel Entertainment, Inc.$7,315 $14,586 $21,954 $22,002 Basic weighted average outstanding shares of common stock85,710 83,911 85,856 84,105 Dilutive effect of stock-based awards for common stock1,233 1,143 1,226 1,073 Diluted weighted average outstanding shares of common stock86,943 85,054 87,082 85,178 Earnings per common share:Basic$0.09 $0.17 $0.26 $0.26 Diluted$0.08 $0.17 $0.25 $0.26 

Anti-dilutive stock-based awards, contingent earnout shares and warrants excluded from the calculations of diluted EPS were 4,301,986 and 4,340,250 shares as of June 30, 2025 and 2024, respectively. 

26

ITEM 2.   MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

You should read the following discussion and analysis of our financial condition and results of operations in conjunction with our unaudited condensed consolidated financial statements and the related notes and other financial information included in this Quarterly Report on Form 10-Q. This discussion and analysis contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “believe,” “expect,” “plans,” “intend,” “may,” “strategy,” “prospects,” “estimate,” “will,” “should,” “could,” “project,” “target,” “anticipate,” and other similar words and involve risks and uncertainties. Our actual results could differ materially from the forward-looking statements. Factors that could cause or contribute to such differences include those discussed in the section titled “Risk Factors” included in our Annual Report on Form 10-K for the year ended December 31, 2024. Any forward-looking statements made by us speak only as of the date on which they are made. We are under no obligation to, and expressly disclaims any obligation to,