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 Markets
Operator
Good afternoon and welcome to Mister Car Wash’s Earnings Call to discuss the Financial Results for the Second Quarter ending June 30, 2024. [Operator Instructions] Please note that this call is being recorded and a reproduction of this call in whole or in part is not permitted without written authorization from the company.
Speaking from management on today’s call are John Lai, Chairman and Chief Executive Officer and Jed Gold, Chief Financial Officer. After John and Jed have made their formal remarks, we will open the call for questions.
During this conference call, references to non-GAAP financial measures will be made. A complete reconciliation of these measures to the most comparable GAAP measures have been included in the company’s earnings press release issued earlier today and posted to the Investor Relations section of the company’s website at mistercarwash.com. As a reminder, comments made on today’s call may include forward-looking statements. which are subject to significant risks and uncertainties that could cause the company’s actual results to differ materially from the management’s current expectations.
Please be advised that the statements made today are current only as of this call and are based on the company’s present understanding of the market and industry conditions. While the company may choose to update these statements in the future, they are under no obligation to do so unless required by applicable law or regulations. Please review the forward-looking statements disclaimer contained in the company’s latest annual 10-K and 10-Q reports. As such, factors may be updated from time to time and other filings with the Securities and Exchange Commission.
I will now turn the call over to Mr. John Lai. Please go ahead, sir.
John Lai
Good afternoon, and thank you for joining our second quarter earnings call. I’d like to start with a quick update on Houston and the impact of Hurricane Beryl. As many of you are aware, the storm damaged a lot of power lines, and it took the city several weeks to get things back up and running. We initially had to close 42 of our stores and then began to reopen as power was restored. I am happy to report that today all stores are open and processing cars.