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 […]
LKQ Reports Revenue of $3.3 Billion in Second Quarter
Wholesale North America organic revenue for parts and services was 10.7% Overall parts and services organic revenue growth was 3.8% overall and 4.2% on a per day basis. LKQ Corporation (NASDAQ:LKQ) today reported revenue for the second quarter of 2022 was $3.3 billion, a decrease of 2.7% as compared to $3.4 billion in the second […]
Axalta Reports Sales Up 9.6% in Second Quarter Compared to 2021
Refinish sales increased 6% to $491.1 million. Announces CEO transition. Axalta Coating Systems Ltd. (NYSE:AXTA) announced its financial results for the second quarter ended June 30 as well as the departure of CEO Robert Bryant at the end of August. The company reported that second quarter net sales were $1,234.9 million, an increase of 9.6% […]
Driven Brands Reports Second Quarter Revenue of $508.6 Million, Up 35% Versus Last Year
Driven Brands Holdings Inc. (NASDAQ: DRVN) today reported revenue was $508.6 million for its second quarter ended June 25, an increase of 36% versus the prior year. System-wide sales were $1.4 billion, an increase of 22% versus the prior year, with 7% net store growth and an increase in consolidated same-store sales of 13.2%. The […]
PPG Reports Second Quarter Sales of Nearly $4.7 Billion
Automotive refinish sales were at all-time quarterly record. PPG (NYSE:PPG) reported net sales of $4.691 billion, up 8% from $4.359 billion in the same quarter last year. According to the company it had higher selling prices of 12%, but sales volumes were down 4%. The company reported raw material costs were up about 20% year […]
AkzoNobel Reports Revenue Up 14% in Second Quarter
Akzo Nobel N.V. (AKZA; AKZOY) reported revenue for the second quarter was up 14% to €2.853 billion ($2.909 billion) and 10% higher in constant currencies. The company reported its pricing up 16% companywide, offsetting the increase of raw material and other variable costs. Volumes were 9% lower. Operating income at €205 million ($209.05 million) was […]
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