Mister Car Wash, Inc. (NYSE:MCW) Q3 2024 Earnings Conference Call October 30, 2024 4:30 PM ET Company Participants John Lai - Chairman & Chief Executive Officer Jed Gold - Chief Financial Officer Conference Call Participants Justin Kleber - Baird Simeon Gutman - Morgan Stanley John Heinbockel - Guggenheim Securities David Bellinger - Mizuho Michael Lasser - UBS Christian Carlino - JPMorgan Sabrina Baxamusa - William Blair David Lantz - Wells Fargo Operator Good afternoon and welcome to Mister Car Wash’s Con ...

Mister Car Wash (MCW) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this car wash operator would post earnings of $0.09 per share when it actually produced earnings of $0.11, delivering a surprise of 22.22%. Over the last four quarters, t ...

Exhibit 99.1 Mister Car Wash Announces Third Quarter 2024 Financial Results Net revenues increased 7% Comparable-store sales increased 2.9% Unlimited Wash Club® ("UWC") memberships increased 2% year-over-year Opened 10 new greenfield locations surpassing 500 locations Raising 2024 adjusted net income and adjusted EBITDA guidance Tucson, Ariz., October 30, 2024 – Mister Car Wash, Inc. (the "Company") (NYSE: MCW), the nation's largest car wash brand, today announced its financial results for the quarter ended ...

i II II t i I 1 T tion L I the r T E 0 L l + I 4 1 r 11 t l L III Property 11 11 11 l 1 = H 1 i H 1 t t 1 I F 1 F t - 1 Pascal Preti Investment action I recommended a hold rating for Mister Car Wash (NYSE:MCW) when I wrote about it in May, as I expected poor growth due to lower consumer spending and customer churn. Based on my current outlook and analysis, I recommend a buy rating for MCW. My key update to my thesis is that the growth outlook for FY25 and the adj. EBITDA performance is better than my initia ...

Growth and Expansion - As of June 30, 2024, Mister Car Wash operates 491 locations, an increase from 449 locations as of June 30, 2023, representing a growth of approximately 9.4%[78] - In the first half of 2024, Mister Car Wash opened 15 greenfield locations, contributing to its growth strategy focused on expanding Express Exterior Locations[76] - The company added 42 new locations year-over-year, contributing to the growth in car wash sales and UWC membership[84] Financial Performance - Net income for the three months ended June 30, 2024, was $22.1 million, down from $27.1 million in the same period of 2023, resulting in a net income margin of 8.7%[80] - Adjusted EBITDA for the three months ended June 30, 2024, was $88.7 million, compared to $73.9 million for the same period in 2023, with an adjusted EBITDA margin of 34.8%[80] - Net revenues for the three months ended June 30, 2024, were $255,043, an increase of 8% compared to $236,894 for the same period in 2023[85] - For the six months ended June 30, 2024, net revenues were $494,226, an increase of 7% from $462,854 in the same period of 2023[93] - The company reported a net income of $22,091 for the three months ended June 30, 2024, down from $27,132 in the prior year, reflecting a net income margin of 9%[84] Membership and Sales - The number of Unlimited Wash Club (UWC) Members reached approximately 2.1 million as of June 30, 2024, reflecting a growth of about 3% from the previous year[81] - UWC sales accounted for 72% of total wash sales for the three months ended June 30, 2024, up from 69% in the same period of 2023[82] - UWC sales as a percentage of total wash sales for the six months ended June 30, 2024, were 73%, compared to 69% for the same period in 2023, indicating a growing penetration of the subscription model[82] Operating Costs and Expenses - Store operating costs for the three months ended June 30, 2024, included labor and chemical costs of $72,691, representing 29% of net revenues, a slight decrease from 30% in the prior year[86] - Other store operating expenses increased by 10% to $99,543, accounting for 39% of net revenues, driven by inflationary pressures and the addition of new locations[87] - General and administrative expenses decreased by 10% to $24,912, representing 10% of net revenues, primarily due to reduced marketing and corporate travel expenses[88] - Total costs and expenses for the three months ended June 30, 2024, were $200,043, maintaining a consistent 78% of net revenues compared to the previous year[89] Tax and Other Financial Impacts - The income tax provision for the three months ended June 30, 2024, was $12,655, a 76% increase from $7,205 in the prior year, reflecting unfavorable tax impacts from equity awards[90] - The income tax provision increased by 57% to $21.846 million for the six months ended June 30, 2024, primarily due to unfavorable income tax impacts from equity awards[98] Cash Flow and Liquidity - For the six months ended June 30, 2024, net cash provided by operating activities was $118.9 million, compared to $117.1 million for the same period in 2023, reflecting a year-over-year increase of $1.8 million[101] - Cash and cash equivalents decreased from $19.0 million as of December 31, 2023, to $3.6 million as of June 30, 2024, indicating a significant reduction in liquidity[99] - The company had $291.7 million of available borrowing capacity under its Revolving Commitment as of June 30, 2024[99] Debt and Interest Expenses - Total other expense, net increased by 3% to $36.971 million for the six months ended June 30, 2024, driven by increased interest expense of approximately $4.2 million due to higher long-term debt and interest rates[97] - General and administrative expenses rose by 5% to $54.622 million for the six months ended June 30, 2024, primarily due to $4.2 million in third-party costs related to debt refinancing[96] - As of June 30, 2024, the company had $925.0 million of variable rate debt outstanding, with a potential interest expense fluctuation of approximately $9 million for a 100 basis point change in interest rates[110]

Mister Car Wash, Inc. (NYSE:MCW) Q2 2024 Earnings Call July 31, 2024 4:30 PM ET Company Participants John Lai - Chairman and Chief Executive Officer Jed Gold - Chief Financial Officer Conference Call Participants Justin Kleber - Baird Henry Carr - UBS Chris O’Cull - Stifel Christian Carlino - JPMorgan David Bellinger - Mizuho John Heinbockel - Guggenheim Simeon Gutman - Morgan Stanley Phillip Blee - William Blair Peter Keith - Piper Sandler Robby Ohmes - Bank of America Tristan Thomas-Martin - BMO Capital M ...

Mister Car Wash (MCW) reported $255.04 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 7.7%. EPS of $0.11 for the same period compares to $0.09 a year ago. The reported revenue represents a surprise of -0.63% over the Zacks Consensus Estimate of $256.65 million. With the consensus EPS estimate being $0.09, the EPS surprise was +22.22%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to det ...

Mister Car Wash (MCW) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 22.22%. A quarter ago, it was expected that this car wash operator would post earnings of $0.08 per share when it actually produced earnings of $0.08, delivering no surprise. Over the last four quarters, the compan ...

Exhibit 99.1 Mister Car Wash Announces Second Quarter 2024 Financial Results Net revenues increased 8% Comparable-store sales increased 2.4% Unlimited Wash Club® ("UWC") memberships increased 3% year-over-year Opened nine new greenfield locations Reiterating previously provided Fiscal 2024 outlook figures Tucson, Ariz., July 31, 2024 – Mister Car Wash, Inc. (the "Company") (NYSE: MCW), the nation's largest car wash brand, today announced its financial results for the quarter ended June 30, 2024. "We deliver ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40542 Mister Car Wash, Inc. WASHINGTON, DC 20549 FORM 10-Q (Exact name of registrant as specified in its charter) | Delaware | 47-1393909 | | --- | --- | | (Sta ...