Mister Car Wash ends 2022 on a positive note

Mister Car Wash Inc. reported fourth-quarter net income of $17.8 million, The Washington Post reports.
On a per-share basis, the Arizona-based car wash company said it had net income of 5 cents. Earnings, adjusted for one-time gains and costs, were 8 cents per share.

The results were above Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

For the year, the company reported net income of $112.9 million, or 34 cents per share, swinging to a profit in the period. Revenue was reported as $876.5 million.

According to the newspaper, the company expects full-year earnings to be 30 cents to 35 cents per share, with revenue in the range of $925 million to $960 million.

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Author: Rene Passet

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