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Axalta Reports Sales Up 13.8% in Third Quarter

October 28, 2022 By CollisionWeek Editor

Reports year-over-year market gains and continued recovery in Refinish and Mobility coatings segments. Axalta Coating Systems Ltd. (NYSE:AXTA) reported third quarter net sales of $1,238.7 million increased 13.8% year-over-year, after the negative 6.3% foreign currency impact. The strong year-over-year growth was driven by 9.7% higher average price-mix, a 1.6% M&A benefit and 8.8% better volumes. […]

Filed Under: News Tagged With: Axalta Coating Systems, Earnings

LKQ Corporation Reports Revenue of $3.1 Billion in Third Quarter

October 27, 2022 By CollisionWeek Editor

LKQ Corporation (NASDAQ:LKQ) today reported Revenue for the third quarter of 2022 was $3.1 billion, a decrease of 5.9% as compared to $3.3 billion in the third quarter of 2021. On a constant currency basis1, third quarter revenue grew by 1.0% to $3.3 billion. Parts and services organic revenue increased 4.8% on a reported basis […]

Filed Under: News Tagged With: Earnings, LKQ Corporation

Driven Brands Revenue Increased 39% in Third Quarter

October 26, 2022 By CollisionWeek Editor

Reports 9% net store growth and same-store sales up nearly 12%. Driven Brands Holdings Inc. (NASDAQ:DRVN) today reported financial results for the third quarter ended September 24. For the third quarter, revenue increased 39% versus the prior year to $516.6 million. System-wide sales increased 22% versus the prior year to $1.5 billion, with 9% net […]

Filed Under: News Tagged With: Driven Brands, Earnings

PPG Reports Record Third Quarter Sales of $4.5 Billion

October 20, 2022 By CollisionWeek Editor

Refinish sales at record levels as U.S. body shop activity robust. PPG names Tim Knavish president and chief executive officer. Michael H. McGarry to retire next year. PPG (NYSE:PPG) reported record third quarter net sales of $4.5 billion, up about 8% on a constant currency basis. Overall company sales volumes decreased by about 3% versus […]

Filed Under: News Tagged With: Earnings, People, PPG Industries

Allstate Reports Auto Insurance Premiums of $7.9 Billion, Up 9.6% in Third Quarter

October 20, 2022 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Allstate Insurance, Earnings

Enterprise Holdings Reports Diverse Mobility Portfolio Drives Steady Growth as Revenue Surpasses $30 Billion

October 19, 2022 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Earnings, Enterprise Holdings

PPG Provides Earnings Update, Reports Soft Demand Conditions in Europe and China Expected to Continue Into Fourth Quarter

October 13, 2022 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: China, Earnings, Europe, PPG Industries

AkzoNobel Says Raw Material Supplies Normalizing in Q3 Financial Update

September 29, 2022 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: AkzoNobel, Earnings, Supply Chain

IAA Reports Second Quarter Revenue Up 16.9% to $520.3 Million

August 11, 2022 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Earnings, Insurance Auto Auctions

Boyd Group Reports Second Quarter Sales of Over $612 Million, Up Nearly 38%

August 10, 2022 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Boyd Group, Earnings, People

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