Collision claim severity up 17% versus 2021. The Allstate Corporation (NYSE: ALL) reported total revenues of $13.2 billion in the third quarter of 2022 increased 5.8% compared to the prior year quarter reflecting a 9.8% increase in Property-Liability earned premium, partially offset by net losses on investments and derivatives in 2022 compared to net gains […]
Axalta Reports Sales Up 13.8% in Third Quarter
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. […]
LKQ Corporation Reports Revenue of $3.1 Billion in Third Quarter
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 […]
Driven Brands Revenue Increased 39% in Third Quarter
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 […]
PPG Reports Record Third Quarter Sales of $4.5 Billion
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 […]
Allstate Reports Auto Insurance Premiums of $7.9 Billion, Up 9.6% in Third Quarter
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 […]
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