The Allstate Corporation (NYSE: ALL) today announced estimated results for the third quarter of 2022 of a net loss between $675 million and $725 million and adjusted net loss estimated between $400 million and $450 million. Property-Liability Premiums written increased 9.8% from Q3 2021 to $12.0 billion due to higher average auto and home insurance […]
Enterprise Holdings Reports Diverse Mobility Portfolio Drives Steady Growth as Revenue Surpasses $30 Billion
Enterprise Holdings Inc. has developed and cultivated a broad portfolio of business lines designed to meet the evolving needs of customers, delivering innovative mobility solutions for both consumers and businesses, as the 65-year-old company places itself at the forefront of building the future of mobility. According to the company, this future-forward approach, coupled with the […]
PPG Provides Earnings Update, Reports Soft Demand Conditions in Europe and China Expected to Continue Into Fourth Quarter
PPG (NYSE:PPG) on October 10 announced that it expects third quarter 2022 adjusted earnings per diluted share to be between 5% and 7% below the low end of the company’s forecasted range of $1.75 to $2.00 that was previously communicated in July. In comparison to its forecast at the beginning of the third quarter, company […]
AkzoNobel Says Raw Material Supplies Normalizing in Q3 Financial Update
On Tuesday, AkzoNobel provided a third quarter update as high macro-economic uncertainty, especially in Europe and China, led to near historical low consumer confidence. The company said that in anticipation, customers and channel partners in the paints and coatings industry are proactively destocking in these regions. According to the company, adjusted operating income is now […]
IAA Reports Second Quarter Revenue Up 16.9% to $520.3 Million
IAA, Inc. (NYSE: IAA) announced consolidated revenues increased 16.9% to $520.3 million in its second quarter ended July 3, from $445.1 million in the second quarter of fiscal 2021. Foreign currency movements had a negative impact of $4.1 million on revenue for the quarter. Revenue from our recent acquisitions of Auto Exchange and SYNETIQ was […]
Boyd Group Reports Second Quarter Sales of Over $612 Million, Up Nearly 38%
Same store sales were up over 22% compared to last year. Announces planned retirement of CFO Pathipati. Boyd Group Services Inc. (TSE:BYD) today announced sales of $612.8 million in the second quarter ended June 30. Sales during the quarter increased by 37.8% from $444.6 million in the same period of 2021. Results included same-store sales […]
Berkshire Hathaway Reports GEICO Collision Claims Severity Up 19-20% in Second Quarter Compared to Last Year
Reports underwriting loss as higher used car prices and shortages of collision repair parts increase severity. Berkshire Hathaway reported its second quarter 2022 earnings, including details about its GEICO subsidiary, the second largest private passenger auto insurer in the U.S. on August 6. GEICO’s pre-tax underwriting loss in the first half of 2022 reflected increased […]
Allstate Announces Revenue of $12.2 Billion in Second Quarter
Cites increasing parts prices, cycle time, and technician shortage driving higher repair costs. “Doubles down” on its relationships with parts suppliers and direct repair program to help control costs. The Allstate Corporation (NYSE: ALL) reported total revenues of $12.2 billion in the second quarter of 2022 decreased 3.4% compared to the prior year quarter as […]
CCC Intelligent Solutions Reports Revenue of $192.8 Million in Second Quarter, Up 16% from Last Year
CCC Intelligent Solutions Holdings Inc. (NYSE: CCCS), announced total revenue was $192.8 million for the second quarter of 2022 ended June 30, an increase of 16% from $166.8 million for the second quarter of 2021. GAAP gross profit was $139.9 million, representing a gross profit margin of 73%, for the second quarter of 2022, compared […]
Uni-Select Reports Sales Up 6.7% in Second Quarter
FinishMaster US second quarter sales were $186.5 million, up 8.9%. Uni-Select Inc. (TSE: UNS) today reported consolidated sales of $444.3 million, up $27.9 million or 6.7%, for the second quarter ended June 30. Sales were up 10.8% excluding the impact of unfavorable fluctuation of the British pound and the Canadian dollar against the US dollar […]
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