tiprankstipranks
Murphy USA reports preliminary Q4 EPS $5.21, consensus $6.25
The Fly

Murphy USA reports preliminary Q4 EPS $5.21, consensus $6.25

Reports preliminary Q4 revenue $5.37B, consensus $5.38B. "Performance in 2022 demonstrates how far we have come in the nearly ten years since we first reported results as a public company in 2013," said President and CEO Andrew Clyde. "We have invested in critical areas of the business to ensure our ongoing success, including assembling an engaged and experienced leadership team that has helped drive cultural and operational change. We have consistently executed against our clear and coherent strategy to grow the network, improve store performance, enhance differentiated capabilities, and optimize our cost structure to sustain and grow our competitive advantage in the market. We have allocated capital in a focused and disciplined manner, resulting in significant store growth and more than 50% reduction in outstanding shares since our spin. Looking out over the next decade, we continue to see an equally attractive opportunity set of growth and capability building investments to further improve the business. With an attractive free cash flow profile, a healthy balance sheet, and strong momentum heading into 2023, we expect to continue our track record of value creation for long-term investors."

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on MUSA:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles