secwatch.observer — SEC 8-K summary
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Issuer:     Driven Brands Holdings Inc. (DRVN)
CIK:        0001804745
Form:       8-K
Filed at:   2026-05-19T11:18:03+00:00
Accession:  0001804745-26-000044
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Driven Brands Q4 revenue $460M; completes restatement; IMO divestiture improves leverage
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- Q4 2025 revenue $460.1M (+8% YoY); adj. EBITDA $111.9M (+7% YoY).
- FY2025 net income from cont. ops $132.1M ($0.80 diluted EPS); adj. net income $199.2M ($1.21).
- Restatement completed: corrections for FY2023-2024 and interim 2025; adj. EBITDA reduced by $57M (FY23), $12M (FY24), $8M (Q1-Q3 2025).
- IMO divestiture closed Jan 27, 2026 for €411M; net proceeds used to reduce debt; pro forma net leverage 3.3x.
- FY2026 outlook: revenue ~$1.95-2.05B, adj. EBITDA $430-460M, adj. diluted EPS $1.15-1.25 (incl. $35-45M restatement costs).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804745/000180474526000044/0001804745-26-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804745/000180474526000044/drvn-20260519.htm
  HTML page:      https://secwatch.observer/filing/0001804745-26-000044

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer