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Driven Brands Holdings Inc., together with its subsidiaries, provides automotive services to retail and commercial customers in the United States, Canada, and internationally. It offers various services, such as paint, collision, glass, repair, car wash, oil change, and maintenance services. The company also distributes automotive parts, including radiators, air conditioning components, and exhaust products to automotive repair shops, auto parts stores, body shops, and other auto repair outlets; windshields and glass accessories through a network of distribution centers; and consumable products, such as oil filters and wiper blades, as well as training services to repair and maintenance, and paint and collision shops. It sells its products and services under the CARSTAR, IMO, MAACO, Meineke Car Care Centers, PH Vitres D'Autos, Take 5 Oil Change, Take 5 Car Wash, Auto Glass Now, Fix Auto USA, and 1-800-Radiator & A/C, Spire Supply, and Automotive Training Institute brands. The company was founded in 1972 and is headquartered in Charlotte, North Carolina.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2024
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2024 | $2.3B | $28M | $-292M | $-47M | -48.2% | 1.5% | - |
| 2023 | $2.3B | $-506M | $-745M | $-361M | -82.2% | 13.3% | -1824.9% |
| 2022 | $2.0B | $330M | $43M | $-239M | 2.6% | 38.6% | 348.4% |
| 2021 | $1.5B | $224M | $10M | $123M | 0.6% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Total Revenue | 1,467.28 | 2,033.19 | 2,304.03 | 2,339.59 |
| Cost Of Revenue | 742.27 | 1,065.68 | 1,271.99 | 1,254.07 |
| Gross Profit | 725.01 | 967.51 | 1,032.04 | 1,085.52 |
| Operating Expense | 482.30 | 636.80 | 734.70 | 836.50 |
| Operating Income | 242.71 | 330.71 | 297.34 | 249.01 |
| EBITDA | 223.58 | 329.59 | -506.24 | 27.71 |
| EBIT | 110.81 | 182.44 | -683.46 | -160.68 |
| Pretax Income | 34.89 | 68.34 | -847.65 | -317.64 |
| Tax Provision | 25.36 | 25.17 | -102.69 | -25.14 |
| Net Income | 9.63 | 43.19 | -744.96 | -292.50 |
| Net Income Common Stockholders | 9.43 | 42.27 | -729.29 | -287.17 |
| Total Expenses | 1,224.57 | 1,702.48 | 2,006.69 | 2,090.58 |
| Interest Expense | 75.91 | 114.10 | 164.20 | 156.96 |
| Selling General And Administration | 367.03 | 489.65 | 559.41 | 656.39 |
| Normalized EBITDA | 355.49 | 477.87 | 474.56 | 437.39 |
| Normalized Income | 105.92 | 136.90 | 117.16 | 84.82 |
| Basic EPS | 0.06 | 0.26 | -4.50 | -1.79 |
| Diluted EPS | 0.06 | 0.25 | -4.53 | -1.82 |
| Tax Effect Of Unusual Items | -35.61 | -54.56 | -118.68 | -32.37 |
| Tax Rate For Calcs | 0.27 | 0.37 | 0.12 | 0.08 |
| Total Unusual Items | -131.90 | -148.27 | -980.79 | -409.69 |
| Total Unusual Items Excluding Goodwill | -131.90 | -148.27 | -980.79 | -409.69 |
| Net Income From Continuing Operation Net Minority Interest | 9.63 | 43.19 | -744.96 | -292.50 |
| Reconciled Depreciation | 112.78 | 147.16 | 177.22 | 188.38 |
| Reconciled Cost Of Revenue | 742.27 | 1,065.68 | 1,270.06 | 1,245.80 |
| Net Interest Income | -75.91 | -114.10 | -164.20 | -156.96 |
| Net Income From Continuing And Discontinued Operation | 9.63 | 43.19 | -744.96 | -292.50 |
| Total Operating Income As Reported | 177.06 | 199.60 | -686.53 | -140.23 |
| Diluted Average Shares | 164.64 | 166.74 | 161.92 | 160.32 |
| Basic Average Shares | 160.68 | 162.76 | 161.92 | 160.32 |
| Diluted NI Availto Com Stockholders | 9.45 | 42.27 | -729.29 | -287.17 |
| Average Dilution Earnings | 0.02 | 0.10 | -3.50 | 0 |
| Otherunder Preferred Stock Dividend | 0.21 | 0.91 | -15.67 | -5.33 |
| Minority Interests | 0.10 | 0.01 | 0 | 0 |
| Net Income Including Noncontrolling Interests | 9.54 | 43.17 | -744.96 | -292.50 |
| Net Income Continuous Operations | 9.54 | 43.17 | -744.96 | -292.50 |
| Other Income Expense | -131.90 | -148.27 | -980.79 | -409.69 |
| Special Income Charges | -111.22 | -131.10 | -983.87 | -389.45 |
| Other Special Charges | 45.58 | 0 | 0 | 0.20 |
| Write Off | 3.26 | 131.10 | 132.90 | 389.24 |
| Impairment Of Capital Assets | 0 | 0 | 850.97 | 0 |
| Restructuring And Mergern Acquisition | 62.39 | 15.30 | 13.17 | 0 |
| Gain On Sale Of Security | -20.68 | -17.17 | 3.08 | -20.24 |
| Net Non Operating Interest Income Expense | -75.91 | -114.10 | -164.20 | -156.96 |
| Interest Expense Non Operating | 75.91 | 114.10 | 164.20 | 156.96 |
| Other Operating Expenses | 2.50 | 2.88 | 5.83 | 139.66 |
| Depreciation Amortization Depletion Income Statement | 112.78 | 147.16 | 175.30 | 180.11 |
| Depreciation And Amortization In Income Statement | 112.78 | 147.16 | 175.30 | 180.11 |
| Selling And Marketing Expense | 74.77 | 87.99 | 97.29 | 101.62 |
| General And Administrative Expense | 292.26 | 401.66 | 462.12 | 554.77 |
| Other Gand A | 292.26 | 401.66 | 462.12 | 554.77 |
| Operating Revenue | 1,467.28 | 2,033.19 | 2,304.03 | 2,339.59 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Driven Brands Holdings Inc.this co. | DRVN | $2.1B | - | 2.64 | -48.2% | 12.08 |
| Brightstar Lottery PLC | BRSL | $2.4B | - | 2.76 | 9.2% | 6.75 |
| Peloton Interactive, Inc. | PTON | $2.4B | - | -7.24 | 28.7% | 18.11 |
| Ardagh Metal Packaging S.A. | AMBP | $2.3B | - | -3.30 | -1.6% | 8.88 |
| Capri Holdings Limited | CPRI | $2.3B |
| - |
| 21.91 |
| -317.7% |
| 18.31 |
| The Goodyear Tire & Rubber Company | GT | $2.0B | - | 0.62 | -50.6% | 6.94 |
| National Vision Holdings, Inc. | EYE | $1.9B | 63.90 | 2.18 | 3.4% | 16.05 |
| Revolve Group, Inc. | RVLV | $1.8B | 29.99 | 3.07 | 12.0% | 19.01 |
| United Parks & Resorts Inc. | PRKS | $1.8B | 9.76 | -3.77 | -38.6% | 7.27 |
| Peer Median | - | 29.99 | 1.40 | 0.9% | 12.46 | |