Sonic Automotive Q3 2022: record revenue $3.4B, net income $87.3M, dividend raised 12%

SONIC AUTOMOTIVE INC

2022-Q3 EPS reported $6.90 revenue$10,410,500,000

Record Q3 revenue $3.4B (+12% YoY); gross profit $580.7M (+23%).
Net income $87.3M ($2.23 diluted EPS); record F&I per unit $2,477 (+5%).
EchoPark gross profit record $48.6M (+88%); segment loss $29.9M.
Repurchased 3.1M shares for $151.5M (8% of shares outstanding).
Quarterly dividend increased 12% to $0.28 per share; payable Jan 13, record Dec 15.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SONIC AUTOMOTIVE INC reported third quarter ended September 30, 2022 results: revenue $3.4 billion, net income $87.3 million ($2.23 per diluted share), EPS $2.23 per diluted share.

Period: third quarter ended September 30, 2022
Revenue: $3.4 billion
Net income: $87.3 million ($2.23 per diluted share)
EPS: $2.23 per diluted share
Result: reported results

Exact text from the filing

largest automotive retailers, today reported financial results for the third quarter and nine months ended September 30, 2022. Key Highlights • Record third quarter revenues of $3.4 billion, up 12% year-over-year; record third quarter gross profit of $580.7 million, up 23% year-over-year • Record third quarter net income of $87.3 million ($2.23 per diluted share) •

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Source: SEC EDGAR

accession 0001043509-22-000015

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