Last $24.35 USD
Change Today -0.54 / -2.17%
Volume 278.4K
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As of 8:04 PM 03/4/15 All times are local (Market data is delayed by at least 15 minutes).

sonic automotive inc-class a (SAH) Key Developments

Sonic Automotive, Inc. Declares Quarterly Cash Dividend, Payable on April 15, 2015

Sonic Automotive Inc. announced that its Board of Directors approved a quarterly dividend of $0.025 per share payable in cash for stockholders of record on March 13, 2015. The dividend will be payable on April 15, 2015.

Sonic Automotive Inc. Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year of 2015; Reports Impairment Charges for the Fourth Quarter Ended December 31, 2014; Announces Expansion Plans

Sonic Automotive Inc. announced unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of $2,351,828,000 compared with $2,315,369,000 for the same period a year ago. Operating income was $62,470,000 compared with $59,264,000 for the same period a year ago. Income from continuing operations before taxes was $45,002,000 compared with $40,394,000 for the same period a year ago. Income from continuing operations was $26,957,000 or $0.52 per diluted share compared with $29,562,000 or $0.55 per diluted share for the same period a year ago. Net income was $26,126,000 or $0.50 per diluted share compared with $28,084,000 or $0.53 per diluted share for the same period a year ago. On adjusted basis, the company reported income from continuing operations was $32,545,000 or $0.63 per diluted share compared with $35,584,000 or $0.67 per diluted share for the same period a year ago. Net income was $31,714,000 or $0.61 per diluted share compared with $34,106,000 or $0.64 per diluted share for the same period a year ago. For the full year, the company reported total revenues of $9,197,099,000 compared with $8,843,168,000 for the same period a year ago. Operating income was $233,613,000 compared with $234,603,000 for the same period a year ago. Income from continuing operations before taxes was $161,727,000 compared with $129,021,000 for the same period a year ago. Income from continuing operations was $98,559,000 or $1.87 per diluted share compared with $84,678,000 or $1.59 per diluted share for the same period a year ago. Net income was $97,217,000 or $1.84 per diluted share compared with $81,618,000 or $1.53 per diluted share for the same period a year ago. On adjusted basis, the company reported income from continuing operations was $100,032,000 or $1.90 per diluted share compared with $108,404,000 or $2.03 per diluted share for the same period a year ago. Net income was $97,846,000 or $1.86 per diluted share compared with $105,344,000 or $1.98 per diluted share for the same period a year ago. CapEx for 2014, total spend of $164 million, offset by $44 million in mortgages. For the fourth quarter ended December 31, 2014, the company recorded impairment charges of $6,379,000 against $9,803,000 a year ago. For 2015, the company expects diluted earnings per share from continuing operations for 2015 to be between $1.85 and $1.95 per share. Excluding the effects of EchoPark on this range, adjusted diluted earnings per share from continuing operations from historical franchised group of stores is expected to be between $2.01 and $2.11 per share. CapEx total spend estimated to be $201 million, offset by $100 million in mortgages. The company expected at least 2 additional locations in Greater Denver market to open in 2015, and is currently searching for real estate to begin planning for opening of second market for EchoPark in 2016.

Sonic Automotive, Inc. Appoints R. Eugene Taylor as Director

On February 11, 2015, the board of directors of Sonic Automotive Inc. elected R. Eugene Taylor, Chairman and Chief Executive Officer of Capital Bank Financial Corp., to the company's board as a director, effective that day, with a term expiring at the company's 2015 annual meeting of stockholders. Mr. Taylor is expected to be appointed to the Compensation Committee and the Nominating and Corporate Governance Committee of the company's board of directors.

Sonic Automotive Inc. to Report Q4, 2014 Results on Feb 24, 2015

Sonic Automotive Inc. announced that they will report Q4, 2014 results at 11:00 AM, US Eastern Standard Time on Feb 24, 2015

Sonic Automotive Inc., Q4 2014 Earnings Call, Feb 24, 2015

Sonic Automotive Inc., Q4 2014 Earnings Call, Feb 24, 2015

 

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