Mister Car Wash, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 21, 2024 at 04:05 pm EST
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Mister Car Wash, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 230.14 million compared to USD 214.35 million a year ago. Net income was USD 12.38 million compared to USD 17.76 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to USD 0.06 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to USD 0.05 a year ago.
For the full year, sales was USD 927.07 million compared to USD 876.51 million a year ago. Net income was USD 80.13 million compared to USD 112.9 million a year ago. Basic earnings per share from continuing operations was USD 0.26 compared to USD 0.37 a year ago. Diluted earnings per share from continuing operations was USD 0.24 compared to USD 0.34 a year ago.
Mister Car Wash, Inc. is a car wash company. The Company is engaged in offering express exterior cleaning services, with interior cleaning services at select locations, across approximately 476 car wash locations in 21 states. Its car wash locations consist of two formats: Express Exterior Locations and Interior Cleaning Locations. All locations offer express exterior wash packages and have exterior-only lanes. Its every wash includes its T3 Cleaning Conditioner, Wheel Cleaner, and Dynamic Dry system. Express Exterior Locations offer self-drive exterior cleaning services and include free vacuums available for customer use. Interior Cleaning Locations offer exterior and interior cleaning services, including vacuuming by its team members. It offers a monthly subscription program, Unlimited Wash Club (UWC), as a flexible, quick and convenient option for customers to keep their cars clean. It serves a diverse mix of customers, which include individual retail customers and UWC Members.
MISTER CAR WASH, INC. 
