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In 2020, the pandemic caused its home sales to grind to a halt. That slowdown also caused its adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) -- which briefly turned positive in 2021 -- to turn negative again. Metric 2020 2021 2022 9M 2023 Revenue $2.6 billion $8.0 billion $15.6 billion $6.1
Image source: Getty Images If you have an older, high-mileage vehicle, it may not have much resale value. Bear in mind, though, that while used car prices have fallen in recent months, they're still more than a third higher than they were in January 2020. What about the tax deduction? But what are the hidden costs?
On June 15, at a visit to the White House, Live Nation said it would start selling tickets under an "all-in pricing" policy, where the promoted price includes all fees and taxes up front. Live Nation's operating margin is back where it was before the COVID-19 shutdowns of 2020, but the company is only converting 4.5%
Horton team produced solid results to finish the year, highlighted by consolidated pre-tax income of $1.7 billion on revenues of $10 billion, with a pre-tax profit margin of 17.1%. For the year, earnings per diluted share increased 4% to $14.34, and our consolidated pre-tax income was $6.3 billion on revenues of $36.8
As you may know, I have been a DXC board member since 2020, having previously served as chairman of the Nominating and Corporate Governance Committee and as a member of the Compensation Committee. Our results continue to be impacted by the year-to-year decline of resale revenues, which was 90 basis points of the 4.5% year to year.
You see that in the valuations of companies out there in the market, limited resale inventory leads, brokers really having a tough time, but folks selling new homes are at all time highs and really sitting pretty. Really saw a massive multiple expansion in 2020, in 2021. Management said there's two things behind that increase.
Tight inventory levels in the resale and new home market propelled demand for available new homes, and we offered a combination of attractive pricing and compelling mortgage rate programs to capture that demand. With respect to the supply chain, the second quarter had the least supply chain disruption since 2020.
Reconciliations of non-GAAP financial measures to the most comparable measures prepared in accordance with GAAP can be found in the press release we issued this morning and in our quarterly report on Form 10-Q for the quarter ended September 30, 2020, that we expect to file with the SEC later today. last year and 12.8% in the second quarter.
Our consolidated pre-tax income was $1.8 billion, with a pre-tax profit margin of 18.3%. Mike Murray -- Executive Vice President and Co-Chief Operating Officer Financial services earned $94 million of pre-tax income in the third quarter on $229 million of revenues, resulting in a pre-tax profit margin of 41.2%.
See below excerpt from a recent blog post from Peter Walker , Head of Insights at Carta, titled “ Why this year is different for startups going bankrupt ”: “This data is the bad echo of the over-exuberance of startup boom times (roughly late 2020-early 2022).
And we look at the retention rate we're getting with consumers, particularly from those high acquisition periods in 2020 and 2021. Obviously, some of the product resale affected mix this year. and $2.32, compared to $2.36 in fiscal 2022. As a reminder, this includes a $0.30 Randy Konik -- Jefferies -- Analyst Great.
We closed the deal January 2nd, 2020 Barry Ritholtz : And, and I’m assuming Covid didn’t really hurt them when everybody’s home. 00:32:57 [Speaker Changed] Tax day was Monday, tax day was, what 00:32:59 [Speaker Changed] Did I forget? So it, it was sort of a no-brainer. Covid was excellent for honey, right?
MILLER: And so I took it as, you know, this was in the spring of 2020, I was thinking, boy, if all this is true, there’s going to be 11 people left in Manhattan by the fall, which of course was not the story. RITHOLTZ: More than that, double, and it’s no bargain in terms of real estate taxes. RITHOLTZ: Fleeing, right.
Overall, we do expect markets to return to a more balanced new home versus resale equilibrium in the future, with some of our submarkets already experiencing increased competition from existing home inventory. Our commentary is the same as it has been since the start of COVID in early 2020. Now, turning to Slide 7. from $5.98
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