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.