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
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.
Other PAG's news
Penske Automotive Group Inc Faces Profit Decline Despite Revenue Growth in Q4 2023
A comfortable 5.213%, rise in revenue at the company amid the fiscal span closing Mar 31 2023
Bottom-line grew by 5.59 % at PAG all along the fourth quarter of 2022 earnings season
Modest EPS Increase by 3.13 % at the company during the most recent fiscal period
Other PAG's news
Penske Automotive Group Inc Faces Profit Decline Despite Revenue Growth in Q4 2023
A comfortable 5.213%, rise in revenue at the company amid the fiscal span closing Mar 31 2023
Bottom-line grew by 5.59 % at PAG all along the fourth quarter of 2022 earnings season
Modest EPS Increase by 3.13 % at the company during the most recent fiscal period