Carvana Announces Record Third Quarter Results for Total Gross Profit per Unit, Net Income, and Adjusted EBITDA
Focus on profitability drives new Q3 bests: Net Income $741 Million; Adjusted EBITDA $148 Million Differentiated unit economics, including Q3 best GPU of $5,952 and Q3 best Non-GAAP GPU of $6,396, validate strength and profitability of Carvana business model Simultaneous 6% sequential retail unit growth and more than $400 per retail unit sequential SG&A expense […]
Allison Transmission Declares Quarterly Dividend
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN) today announced that its Board of Directors has declared a cash dividend of $0.23 per share on the Company’s common stock for the fourth quarter of 2023. Payment will be made on November 30, 2023, to stockholders of record at the close of business on November 13, 2023. […]
Stem Announces Third Quarter 2023 Results
Record Third Quarter Bookings of $676 million 10+ GWh Software and Services Agreement with SB Energy Expect Full-Year Adjusted EBITDA Positive in 2024 Outlook The Company expects to achieve adjusted EBITDA positive in 2H 2023, which reflects an adjustment to exclude the impact of a $37.4 million reduction in revenue(1) Expect full year adjusted EBITDA […]
Mister Car Wash Announces Third Quarter 2023 Financial Results
Net revenues increased 7.6% Unlimited Wash Club memberships increased 11.3% Opened eight new greenfield locations and acquired five locations Adjusting capital expenditure range and reiterating outlook for all other financial projections for 2023 TUCSON, Ariz.–(BUSINESS WIRE)–Mister Car Wash, Inc. (the “Company”) (NYSE: MCW), the nation’s largest car wash brand, today announced its financial results for […]
Lightning eMotors to Report Third Quarter 2023 Earnings on November 14
LOVELAND, Colo.–(BUSINESS WIRE)–Lightning eMotors, Inc. (OTC: ZEVY), a leading provider of zero emission medium-duty commercial vehicles and electric vehicle technology for fleets, today announced that the Company will release its third quarter 2023 results after the market closes on Tuesday, November 14, 2023. About Lightning eMotors Lightning eMotors (OTC: ZEVY) has been providing specialized and […]
Building a Bio-Base: AkzoNobel uses canola and pine rosin to create first bio-based interior coating for Kia Motors
Toronto, Ontario — According to a recent press release, Kia Motors is using bio-based paint supplied by AkzoNobel for the inside of its new EV9 electric SUV. This partnership marks the first time the vehicle manufacturer has specified an interior-based bio coating. AkzoNobel has used two kinds of bio-rosin to create the product—one extracted from […]
Striking No More: MPI workers reach tentative deal with Crown corporation
Winnipeg, Manitoba — On Wednesday evening, the Manitoba Government and General Employees’ Union (MGEU) announced that its members voted in favour of a tentative agreement that was originally reached on Tuesday with MPI. With the acceptance of this new agreement, MGEU members have agreed to end strike actions that initially began on August 28, 2023. […]
