Welcome to our dedicated page for Mister Car Wash news (Ticker: MCW), a resource for investors and traders seeking the latest updates and insights on Mister Car Wash stock.
Mister Car Wash, Inc. (symbol: MCW) is recognized as the largest and fastest-growing car wash chain in the United States. Founded in 1969 in Houston, Texas, Mister Car Wash has expanded its reach through innovative technology, a commitment to customer satisfaction, and a dedicated team of motivated employees. The company operates numerous locations offering express exterior and interior cleaning services, catering to various customer needs with outstanding efficiency and quality.
Mister Car Wash's offerings are segmented into two primary revenue streams. Firstly, the Unlimited Wash Club (UWC) program allows customers to enjoy unlimited car washes for a monthly fee, providing a convenient and cost-effective solution. This program has seen tremendous popularity due to its flexibility, with customers able to cancel at any time. Secondly, Mister Car Wash generates revenue from individual car wash and quick lube services, ensuring vehicles receive comprehensive care.
In addition to traditional services, Mister Car Wash continually seeks to improve through the use of biodegradable chemicals, reflecting their commitment to environmental responsibility. The introduction of innovative products like the original HotShine further exemplifies their dedication to excellence.
Beyond business operations, Mister Car Wash emphasizes the growth and development of its employees. By fostering a supportive environment, the company ensures that team members have the opportunity to advance their careers and shine in their roles. Interested applicants can explore open positions and consider joining a dynamic and growing team by visiting their career page.
Recent developments and company news can be found in the latest updates section, providing stakeholders with the most current information on Mister Car Wash's performance and initiatives.
Mister Car Wash (NYSE: MCW) announced its Q3 2024 financial results, highlighting a 7% increase in net revenues to $249.3 million, up from $234.1 million in Q3 2023. Comparable-store sales grew by 2.9%, while Unlimited Wash Club® memberships rose by 2% year-over-year, reaching 2.1 million members. The company opened 10 new greenfield locations, surpassing 500 total locations.
Net income was $22.3 million, with an EPS of $0.07. Adjusted net income was $28.8 million, with an adjusted EPS of $0.09. Adjusted EBITDA increased by 10% to $78.8 million. For the first nine months of 2024, net revenues increased by 7% to $743.6 million, with a net income of $61.1 million and adjusted EBITDA of $242.7 million.
The company raised its 2024 guidance, expecting net revenues between $988 to $995 million, adjusted net income of $114 to $117 million, and adjusted EBITDA of $313 to $318 million. Capital expenditures are projected at $330 to $350 million.
Mister Car Wash, Inc. (NYSE: MCW), the largest car wash brand in the United States, has announced that it will release its financial results for the third quarter of 2024 after the market closes on Wednesday, October 30, 2024. The company will also host a conference call at 4:30 p.m. Eastern Time on the same day to discuss these results.
Investors and analysts interested in participating in the call can dial 855-209-8213 (or 1-412-542-4146 for international callers) approximately 10 minutes before the start time. A live audio webcast of the conference call will be available on the company's investor relations website. Additionally, a recorded replay of the call will be accessible within about three hours of its conclusion on the same website.
Mister Car Wash (NYSE: MCW) is celebrating a major milestone with the opening of its 500th location in Tucson, Arizona on September 20. This landmark store marks a significant achievement for the nation's largest car wash company. To commemorate the event, Mister is offering free car washes from September 20-22 and giving away exclusive branded merchandise to the first 500 customers each day.
The new location on Houghton Road will feature state-of-the-art technology, including the Titanium Wash with Titanium 360™, HotShine Carnauba Wax®, and Platinum Repel Shield. As part of the celebration, Mister Car Wash is partnering with Tucson Clean & Beautiful to plant 500 trees in the city, demonstrating their commitment to environmental sustainability and community involvement.
The grand opening will include live radio broadcasts and prize giveaways, including concert tickets. Mister Car Wash's CEO, John Lai, expressed pride in this milestone, emphasizing the company's dedication to expanding its footprint and providing top-notch services nationwide.
Mister Car Wash (NYSE: MCW) is set to celebrate a major milestone with the opening of its 500th location in Tucson, Arizona on September 20, 2024. As the largest car wash company in the U.S. and the only publicly traded car wash company on the NYSE, this achievement underscores MCW's impressive growth and commitment to exceptional service.
The grand opening event will feature a ribbon-cutting ceremony and press conference at 8:30 AM at 7471 S Houghton Road, Tucson. CEO John Lai will speak about the company's expansion and dedication to quality service. This milestone store not only marks a significant achievement for Mister Car Wash but also reinforces its position as an industry leader in providing extraordinary car care experiences nationwide.
Mister Car Wash (NYSE: MCW) has expanded its presence in Michigan with a new location in Monroe. To celebrate, the company is offering a free wash weekend from August 23-25, featuring complimentary Titanium Washes valued at $26.00 each. The new facility showcases Mister's state-of-the-art tunnel experience, proprietary cleaning products, and advanced systems.
The Monroe location offers the Unlimited Wash Club membership, providing customers with unlimited washes at any Mister location and access to priority member lanes. The Titanium Wash includes exclusive features like Titanium 360, HotShine Carnauba Wax, and Platinum Repel Shield for comprehensive vehicle protection and shine.
Mister Car Wash (NYSE: MCW) reported strong Q2 2024 financial results, with net revenues increasing 8% to $255.0 million and comparable-store sales rising 2.4%. The company's Unlimited Wash Club® (UWC) memberships grew 3% year-over-year, reaching approximately 2.1 million members. Adjusted EBITDA increased 20% to $88.7 million. MCW opened nine new greenfield locations, bringing its total to 491 car wash locations, a 9% increase from the previous year. The company reiterated its fiscal 2024 outlook, projecting net revenues between $988 million and $1,016 million, and comparable-store sales growth of 0.5% to 2.5%.
Mister Car Wash (NYSE: MCW), the largest car wash brand in the United States, has announced that it will release its second quarter 2024 financial results after the market closes on Wednesday, July 31, 2024. The company will host a conference call at 4:30 p.m. Eastern Time on the same day to discuss the results. Investors and analysts can participate by dialing 855-209-8213 (or 1-412-542-4146 for international callers) about 10 minutes before the call starts. A live audio webcast and recorded replay of the conference call will be available on the company's investor relations website at https://ir.mistercarwash.com/.
Mister Car Wash, the largest car wash brand in the U.S. (NYSE: MCW), announced its participation in the William Blair 44th Annual Growth Stock Conference.
The Company will host a presentation on June 5, 2024, at 10:40 am Central Time. This presentation will be live webcast and available on the Company's Investor Relations website. An online archive will also be made accessible after the event.
Mister Car Wash, Inc. (NYSE: MCW) announced its first quarter 2024 financial results, reporting a 6% increase in net revenues, 0.9% growth in comparable-store sales, and a 5% rise in Unlimited Wash Club® memberships year-over-year. The company opened six new greenfield locations and reiterated its fiscal 2024 outlook figures. The total number of car wash locations operated increased to 482, with net income of $16.6 million and adjusted EBITDA of $75.2 million for the quarter.
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