Mister Car Wash (MCW) reported $249.33 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 6.5%. EPS of $0.09 for the same period compares to $0.08 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $248.77 million, representing a surprise of +0.23%. The company delivered an EPS surprise of +12.50%, with the consensus EPS estimate being $0.08. While investors closely watch year-over-year changes in headline numbers -- revenue and earni ...

Mister Car Wash (MCW) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this car wash operator would post earnings of $0.09 per share when it actually produced earnings of $0.11, delivering a surprise of 22.22%. Over the last four quarters, t ...

Growth and Expansion - As of June 30, 2024, Mister Car Wash operates 491 locations, an increase from 449 locations as of June 30, 2023, representing a growth of approximately 9.4%[78] - In the first half of 2024, Mister Car Wash opened 15 greenfield locations, contributing to its growth strategy focused on expanding Express Exterior Locations[76] - The company added 42 new locations year-over-year, contributing to the growth in car wash sales and UWC membership[84] Financial Performance - Net income for the three months ended June 30, 2024, was $22.1 million, down from $27.1 million in the same period of 2023, resulting in a net income margin of 8.7%[80] - Adjusted EBITDA for the three months ended June 30, 2024, was $88.7 million, compared to $73.9 million for the same period in 2023, with an adjusted EBITDA margin of 34.8%[80] - Net revenues for the three months ended June 30, 2024, were $255,043, an increase of 8% compared to $236,894 for the same period in 2023[85] - For the six months ended June 30, 2024, net revenues were $494,226, an increase of 7% from $462,854 in the same period of 2023[93] - The company reported a net income of $22,091 for the three months ended June 30, 2024, down from $27,132 in the prior year, reflecting a net income margin of 9%[84] Membership and Sales - The number of Unlimited Wash Club (UWC) Members reached approximately 2.1 million as of June 30, 2024, reflecting a growth of about 3% from the previous year[81] - UWC sales accounted for 72% of total wash sales for the three months ended June 30, 2024, up from 69% in the same period of 2023[82] - UWC sales as a percentage of total wash sales for the six months ended June 30, 2024, were 73%, compared to 69% for the same period in 2023, indicating a growing penetration of the subscription model[82] Operating Costs and Expenses - Store operating costs for the three months ended June 30, 2024, included labor and chemical costs of $72,691, representing 29% of net revenues, a slight decrease from 30% in the prior year[86] - Other store operating expenses increased by 10% to $99,543, accounting for 39% of net revenues, driven by inflationary pressures and the addition of new locations[87] - General and administrative expenses decreased by 10% to $24,912, representing 10% of net revenues, primarily due to reduced marketing and corporate travel expenses[88] - Total costs and expenses for the three months ended June 30, 2024, were $200,043, maintaining a consistent 78% of net revenues compared to the previous year[89] Tax and Other Financial Impacts - The income tax provision for the three months ended June 30, 2024, was $12,655, a 76% increase from $7,205 in the prior year, reflecting unfavorable tax impacts from equity awards[90] - The income tax provision increased by 57% to $21.846 million for the six months ended June 30, 2024, primarily due to unfavorable income tax impacts from equity awards[98] Cash Flow and Liquidity - For the six months ended June 30, 2024, net cash provided by operating activities was $118.9 million, compared to $117.1 million for the same period in 2023, reflecting a year-over-year increase of $1.8 million[101] - Cash and cash equivalents decreased from $19.0 million as of December 31, 2023, to $3.6 million as of June 30, 2024, indicating a significant reduction in liquidity[99] - The company had $291.7 million of available borrowing capacity under its Revolving Commitment as of June 30, 2024[99] Debt and Interest Expenses - Total other expense, net increased by 3% to $36.971 million for the six months ended June 30, 2024, driven by increased interest expense of approximately $4.2 million due to higher long-term debt and interest rates[97] - General and administrative expenses rose by 5% to $54.622 million for the six months ended June 30, 2024, primarily due to $4.2 million in third-party costs related to debt refinancing[96] - As of June 30, 2024, the company had $925.0 million of variable rate debt outstanding, with a potential interest expense fluctuation of approximately $9 million for a 100 basis point change in interest rates[110]

Mister Car Wash (MCW) reported $255.04 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 7.7%. EPS of $0.11 for the same period compares to $0.09 a year ago. The reported revenue represents a surprise of -0.63% over the Zacks Consensus Estimate of $256.65 million. With the consensus EPS estimate being $0.09, the EPS surprise was +22.22%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to det ...

Mister Car Wash (MCW) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 22.22%. A quarter ago, it was expected that this car wash operator would post earnings of $0.08 per share when it actually produced earnings of $0.08, delivering no surprise. Over the last four quarters, the compan ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40542 Mister Car Wash, Inc. WASHINGTON, DC 20549 FORM 10-Q (Exact name of registrant as specified in its charter) | Delaware | 47-1393909 | | --- | --- | | (Sta ...

For the quarter ended March 2024, Mister Car Wash (MCW) reported revenue of $239.18 million, up 5.9% over the same period last year. EPS came in at $0.08, compared to $0.08 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $244.06 million, representing a surprise of -2.00%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.08.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...

Mister Car Wash (MCW) came out with quarterly earnings of $0.08 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this car wash operator would post earnings of $0.07 per share when it actually produced earnings of $0.07, delivering no surprise.Over the last four quarters, the company has surpassed consensus EPS estimates just once.Mister Car Wash, which belongs ...

Exhibit 99.1 Mister Car Wash Announces First Quarter 2024 Financial Results Net revenues increased 6% Comparable-store sales increased 0.9% Unlimited Wash Club® ("UWC") memberships increased 5% year-over-year Opened six new greenfield locations Reiterating previously provided Fiscal 2024 outlook figures Tucson, Ariz., May 1, 2024 – Mister Car Wash, Inc. (the "Company") (NYSE: MCW), the nation's largest car wash brand, today announced its financial results for the quarter ended March 31, 2024. "Our overall r ...

Investors with an interest in Consumer Services - Miscellaneous stocks have likely encountered both Pactiv Evergreen Inc. (PTVE) and Mister Car Wash (MCW) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate ...