Driven Brands Holdings Inc (OQ:DRVN)
Business Focus: Consumer Repair Services
| Sector: Consumer Non-Cyclicals | Industry: Personal Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 440 S. Church Street, Suite 700 CHARLOTTE NC 28202 |
| Tel: | N/A |
| Website: | https://www.drivenbrands.com |
| IR: | See website |
| Key People | ||
| Jonathan Fitzpatrick President, Chief Executive Officer, Director | Gary W. Ferrera Chief Financial Officer, Executive Vice President | Tracy Ann Gehlan President, Car Wash International |
| Daniel R. Rivera Chief Operating Officer, Executive Vice President | Scott O' Melia Executive Vice President, General Counsel, Company Secretary | Mo Khalid Executive Vice President and President of Maintenance |
| Michael G. Macaluso Executive Vice President and Group President, Paint, Collision & Glass | Kyle Marshall Executive Vice President, President, Platform Services | John R Teddy Executive Vice President and President, Car Wash North America |
| Business Overview |
| Driven Brands Holdings Inc. is an automotive services company providing a range of consumer and commercial automotive needs. The Company's segments include Maintenance, Car Wash, Paint, Collision & Glass, and Platform Services. The Maintenance segment is primarily comprised of the Take 5 Oil Change (Take 5 Oil) and Meineke Car Care Centers (Meineke) brands. It includes oil changes and other regularly scheduled or as-needed automotive services, including vehicle component repair and replacement. The Car Wash segment primarily consists of express-style exterior car wash services that utilize an automated conveyor belt to pull vehicles along a track where they are machine washed and it is primarily offered through the IMO brand. Paint, Collision & Glass segment primarily consists of the CARSTAR, ABRA, Fix Auto, Maaco, Uniban and AGN brands. The Platform segment primarily consists of the 1-800-Radiator & A/C, PH Vitres D'Autos, Spire Supply and Automotive Training Institute (ATI) brands. |
| Financial Overview |
| For the 39 weeks ended 30 September 2023, Driven Brands Holdings Inc revenues increased 17% to $1.75B. Net loss totaled $731.8M vs. income of $15.8M. Revenues reflect Maintenance segment increase of 24% to $714.4M, Paint, Collision & Glass segment increase of 33% to $383.4M. Net loss reflects Asset impairment charges and lease termi increase from $2.9M to $117.5M (expense), Selling. |
| Employees: | 11,000 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $4,854M as of Sep 30, 2023 |
| Annual revenue (TTM): | $2,290M as of Sep 30, 2023 |
| EBITDA (TTM): | $486.26M as of Sep 30, 2023 |
| Net annual income (TTM): | -$704.42M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$401.06M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $2,698M as of Sep 30, 2023 |
| Shares outstanding: | 163,959,225 as of Nov 6, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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