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Investing.com -- Driven Brands Holdings Inc. (NASDAQ:DRVN) on Tuesday reported second-quarter earnings that exceeded analyst expectations, with adjusted earnings per share of $0.36 surpassing the consensus estimate of $0.32, while revenue of $551 million beat the analyst forecast of $539.41 million.
The automotive services provider posted a 6.2% YoY revenue increase, driven by a 1.7% rise in same-store sales and a 3.9% store count expansion.
The company's Take 5 Oil Change segment was a standout performer, delivering 15% revenue growth and 6.6% same-store sales growth, marking its 20th consecutive quarter of comparable sales increases.
Adjusted EBITDA was $143.2 million, a slight decrease of $0.2 million compared to the same period last year.
Net income from continuing operations fell to $11.8 million or $0.07 per diluted share, down from $37.2 million or $0.22 per diluted share in the prior-year quarter.
"In the second quarter, we delivered another strong performance, with consistent results across same store sales, revenue, adjusted EBITDA, and adjusted earnings per share," said Danny Rivera, President and Chief Executive Officer.
The company reaffirmed its full-year 2025 guidance, projecting earnings per share of $1.15-$1.25 compared to the analyst consensus of $1.23, and revenue of $2.05-2.15 billion versus the consensus estimate of $2.111 billion.
Driven Brands also reported progress on debt reduction, achieving a pro forma net leverage ratio of 3.9x Adjusted EBITDA following the July divestiture of its U.S. car wash seller note for $113 million.
The company ended the quarter with total liquidity of $654.8 million, including $166.1 million in cash and cash equivalents.
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