Driven Brands Holdings Inc (OQ:DRVN)
Business Focus: Consumer Repair Services
| Sector: Consumer Non-Cyclicals | Industry: Personal Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 440 S. Church Street, Suite 700 CHARLOTTE NC 28202 |
| Tel: | N/A |
| Website: | https://www.drivenbrands.com |
| IR: | See website |
| Key People | ||
| Jonathan Fitzpatrick President, Chief Executive Officer, Director | Gary W. Ferrera Chief Financial Officer, Executive Vice President | Daniel R. Rivera Chief Operating Officer, Executive Vice President |
| Scott O' Melia Executive Vice President, General Counsel, Company Secretary | Michael G. Macaluso Executive Vice President and Group President, Paint, Collision & Glass | |
| Business Overview |
| Driven Brands Holdings Inc. is an automotive services company. Its scaled, diversified platform provides services to a range of retail and commercial customers. Its segments include Maintenance, Car Wash, Paint, Collision & Glass and Platform Services. Its Maintenance segment comprises the Take 5 Oil and Meineke brands. Its Maintenance services include oil changes and other regularly scheduled or as-needed automotive services, including vehicle component repair and replacement. The Car Wash segment services primarily consist of express-style exterior car wash services that utilize an automated conveyor belt to pull vehicles along a track where they are machine washed. The Paint, Collision & Glass segment is primarily composed of the CARSTAR, ABRA, Fix Auto, Maaco, Uniban, and AGN brands and serves both retail and commercial customers. The Platform Services segment is composed of the 1-800 Radiator, PH, Spire Supply, Driven Advantage, and Automotive Training Institute (ATI) businesses. |
| Financial Overview |
| For the fiscal year ended 30 December 2023, Driven Brands Holdings Inc revenues increased 13% to $2.3B. Net loss totaled $745M vs. income of $43.2M. Revenues reflect Maintenance segment increase of 20% to $960.4M, Paint, Collision & Glass segment increase of 22% to $500.4M, United States segment increase of 16% to $1.97B, Rest of world segment increase of less than 1% to $202.4M. |
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