Copart’s Q3 Includes Jumps in Revenue, Operating Income and Net Income
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FAIRFIELD, Calif. –
About a week after announcing its expanded footprint, Copart revealed its third-quarter financial statement Wednesday, highlighting gains in revenue, operating income and net income.
For the quarter that ended April 30 — the third quarter of its 2012 fiscal year — Copart calculated its revenue, operating income and net income came in at $244.1 million, $87.9 million and $55.5 million, respectively.
Officials indicated the figures represented increases in revenue of $7.4 million, or 3.1 percent; in operating income of $5.9 million, or 7.2 percent; and in net income of $5.3 million, or 10.6 percent, respectively, from the same quarter last year.
The company noted its fully diluted earnings per share were 43 cents compared to 35 cents last year, an increase of 22.9 percent.
For the nine-month span that also wrapped up April 30, Copart tallied that its revenue, operating income and net income totaled $697.6 million, $216.9 million and $137.2 million, respectively.
Officials said these sums represented increases in revenue of $40.8 million, or 6.2 percent; in operating income of $15.0, million or 7.4 percent; and in net income of $11.4 million, or 9.0 percent, respectively, from the same period last year.
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Finally, Copart noted its fully diluted earnings per share for the first nine months of its 2012 fiscal year settled at $1.04 compared to 79 cent last year, marking a jump of 31.6 percent.
The financial report came soon after Copart announced it acquired a pair of auction facilities in Alberta, Canada. Auto Remarketing’s report on that development can be found here.
