Mister Car Wash, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 04:05 pm EDT
Share
Mister Car Wash, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 225.16 million compared to USD 197.08 million a year ago. Net income was USD 35.66 million compared to net loss of USD 110.3 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to basic loss per share from continuing operations of USD 0.42 a year ago. Diluted earnings per share from continuing operations was USD 0.11 compared to diluted loss per share from continuing operations of USD 0.42 a year ago.
For the six months, sales was USD 444.58 million compared to USD 372.59 million a year ago. Net income was USD 71.15 million compared to net loss of USD 85.72 million a year ago. Basic earnings per share from continuing operations was USD 0.24 compared to basic loss per share from continuing operations of USD 0.33 a year ago. Diluted earnings per share from continuing operations was USD 0.22 compared to diluted loss per share from continuing operations of USD 0.33 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. 
