OPENLANE FY 2023 revenue $1.65B (+8% YoY), adj. EBITDA $272M (+18%); 2024 guidance $285-305M

OPENLANE, Inc.

2023-FY EPS reported -$1.82 revenue$1,645,100,000

Full-year 2023 revenue $1,645M (+8% YoY); adjusted EBITDA $272M (+18% YoY).
Q4 revenue $391M (+5% YoY); Q4 adj. EBITDA $61.8M (+9% YoY).
FY 2023 loss from continuing ops $155M including $251M non-cash impairment.
FY 2024 guidance: adj. EBITDA $285-305M; dil. EPS from cont. ops $0.20-$0.30.
Operating cash flow $237M in 2023; Marketplace Q4 volumes up 3% YoY.

item 2.02 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

OPENLANE, Inc. reported three months and year ended December 31, 2023 results: revenue $1,645 million, net income Loss from continuing operations of $155 million. Guidance reaffirmed.

Period: three months and year ended December 31, 2023
Revenue: $1,645 million
Net income: Loss from continuing operations of $155 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

volume growth, revenue growth and margin expansion, results that I believe position OPENLANE for future growth and success." 2023 Financial Highlights • Total revenue of $1,645 million, an increase of 8% • Loss from continuing operations of $155 million, including a $251 million non-cash impairment • Adjusted EBITDA of $272 million, an increase of 18%, with

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Source: SEC EDGAR

accession 0001395942-24-000007

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