Sonic Automotive Reports Record Q4 Revenue $3.6B, FY $14B; Acquires 13 Powersports Stores; Declares Dividend

SONIC AUTOMOTIVE INC

2022-FY EPS reported $2.23 revenue$14,001,100,000

Q4 2022 revenue $3.6B (record), up 13% YoY; full-year revenue $14B (record), up 13% YoY.
Reported Q4 net loss $190.9M due to $320.4M non-cash impairment charge; adjusted net income $97.8M.
Acquired 13 Powersports locations to further diversify retail portfolio.
Repurchased 5.6M shares in 2022 for $261.9M, average $47.08 per share.
Quarterly cash dividend approved as part of the earnings press release.

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 0.9

SONIC AUTOMOTIVE INC reported fiscal year ended December 31, 2022 results: revenue $14.0 billion, net income $88.5 million ($2.23 earnings per diluted share), EPS $2.23 earnings per diluted share.

Period: fiscal year ended December 31, 2022
Revenue: $14.0 billion
Net income: $88.5 million ($2.23 earnings per diluted share)
EPS: $2.23 earnings per diluted share
Result: reported results

Exact text from the filing

Stock for an aggregate purchase price of approximately $35.8 million, or an average of $48.25 per share Full Year 2022 Financial Summary • All-time record annual revenues of $14.0 billion, up 13% year-over-year; all-time record annual gross profit of $2.3 billion, up 21% year-over-year • Reported full year net income of $88.5 million ($2.23 earnings per diluted

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SONIC AUTOMOTIVE INC reported fourth quarter and fiscal year ended December 31, 2022 results: revenue $3.6 billion, net income $190.9 million ($5.22 loss per diluted share), EPS $5.22 loss per diluted share.

Period: fourth quarter and fiscal year ended December 31, 2022
Revenue: $3.6 billion
Net income: $190.9 million ($5.22 loss per diluted share)
EPS: $5.22 loss per diluted share
Result: reported results

Exact text from the filing

today reported financial results for the fourth quarter and fiscal year ended December 31, 2022. Fourth Quarter 2022 Financial Summary • All-time record quarterly revenues of $3.6 billion, up 13% year-over-year; record fourth quarter gross profit of $576.1 million, up 9% year-over-year • Reported fourth quarter net loss of $190.9 million ($5.22 loss per diluted

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Source: SEC EDGAR

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