Sonic Automotive reports Q4 adj EPS $1.63, record FY revenue $14.4B; EchoPark targets breakeven in Q1 2024

SONIC AUTOMOTIVE INC

2023-FY EPS reported $4.97 revenue$14,372,400,000

Q4 revenues $3.6B flat YoY; reported EPS $1.11 (incl $16.7M impairment); adj EPS $1.63.
FY 2023 record revenue $14.4B (+3% YoY); adj EPS $6.81 vs reported $4.97.
EchoPark segment Q4 adj EBITDA loss $9.1M (improved 64% YoY); expects breakeven adj EBITDA in Q1 2024.
Repurchased 3.3M shares in 2023 for $177.6M (~9% of shares outstanding).

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SONIC AUTOMOTIVE INC reported financial results for fourth fiscal quarter and fiscal year ended December 31, 2023.

Period: fourth fiscal quarter and fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 14, 2024, Sonic Automotive, Inc. (the “Company”) issued a press release announcing its financial results for its fourth fiscal quarter and fiscal year ended December 31, 2023 (the “Earnings Press Release”).

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Source: SEC EDGAR

accession 0001043509-24-000016

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