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Penske Automotive Group Inc   (PAG)
    Sector  Retail    Industry Automotive Aftermarket
   Industry Automotive Aftermarket
   Sector  Retail
 

Earnings lifted by $200.80 million tax provisions

A $200.80 million in provisions on taxes, supported Penske Automotive Group Inc to present $3.84 eps in the financial fourth quarter of 2017


Published Mar 25 2023
CSIMarket Team / CSIMarket.com


Greatmats_Garage_Floor_Tile_Diamond_Polypropylene_Flooring_Tiles Concentrating on the most recent fiscal period earnings per share more than doubled by 296.35 % to $3.84 per share, followed by Revenue increase of 10.438 % to $5.40 billion, compared with the prior year period.

From the preceding reporting season, earnings per share more than doubled by 249.31 % from $1.10 per share and Revenue decreased by -2.288 % from $5.52 billion.


Bottom-line of $328.600 million in the October to December 31 2017 interval increased by 297.34 % from net earnings of $82.700 million reported in the October to December 31 2017 interval a year ago. Although operating margin fell to 2.54%, in the October to December 31 2017 interval, the PAGs' net margin actually improved to 6.09%.

But, to be fair enough, the Penske Automotive Group Inc s' earnings per share rise was supported by the $200.80 million tax provisions, excluding this, the fourth quarter of 2017 earnings would be much more minuscular.
Operating earnings, on the other hand, improved just 9.42% to $137 million. Analyzing further the financial numbers for the financial 12 Months 2022, PAG disclosed revenue of $27.81 billion and net profits of $1.39 billion.

Automotive Aftermarket company voiced also, that Earnings per share grew by 24.58 % to $18.55 per share from $14.89 in the prior financial 12 Months , told as well, that revenue advanced by 8.84 % from $25.55 billion a year prior.

Penske Automotive Group Inc is expected to report next financial earnings on July 27, 2023.



Penske Automotive Group Inc's Effective Tax Rate

Penske Automotive Group Inc's ROA



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