Paint, Collision & Glass segment same-store sales up 11.4% in quarter. Driven Brands Holdings Inc. (NASDAQ:DRVN) reported revenue was $391.9 million in its fourth quarter ended December 25, 2021, an increase of 36% versus the prior year. System-wide sales were $1.2 billion, an increase of 26% versus the prior year, with 6% net store growth […]
Axalta Reports 2021 Sales of $4.4 Billion Up Over 18% from 2020
Company reports improved operating results despite continued supply chain challenges. Persistent inflation was partially offset by continued pricing gains. Axalta Coating Systems Ltd. (NYSE: AXTA) announced net sales of $1,137.2 million increased 5.8% year-over-year for its fourth quarter ended December 31. Net sales for the full year were $4,416.2 million, an increase of 18.2% year-over-year; […]
Würth Group Reports Record Sales
The Würth Group set historic records in the 2021 fiscal year: According to the preliminary annual financial statements, the company generated sales of €17.1 billion ($19.1 billion) an increase of 18.5 percent, or 19.0 percent adjusted for currency effects, from €14.4 billion in 2020. In Germany, the Würth Group’s sales grew by 14.1 percent to […]
3M Reports Fourth-Quarter Sales of $8.6 Billion, Up 0.3% Compared to 2020
Sales in automotive aftermarket up nearly 13% for the full 2021 compared to pandemic impacted 2020. 3M (NYSE: MMM) today reported fourth-quarter sales of $8.6 billion, up 0.3 percent year-on-year. Organic local-currency sales increased 1.3 percent year-on-year. For the full year sales were $35.4 billion, up 9.9 percent year-on-year and organic local-currency sales increased 8.8 […]
PPG Reports Fourth Quarter Sales Up 12% from Last Year
Refinish volume improved but remain below pre-pandemic levels. PPG (NYSE:PPG) reported record fourth quarter 2021 net sales of approximately $4.2 billion, an increase of 12% versus last year that was negatively impacted by the pandemic. According to the company, while underlying demand in most end-use markets remained strong, fourth quarter results continued to be significantly […]
Axalta Reports Preliminary Fourth Quarter and Full-Year 2021 Earnings
Axalta Coating Systems Ltd. (NYSE:AXTA) provided preliminary selected fourth quarter and full-year 2021 unaudited financial updates. Results in the period reflect impacts from greater than previously forecasted raw material inflation and supply chain constraints relative to guidance initially provided on October 25, 2021. Axalta expects Net Sales growth of 5.8% for Q4, ~7% excluding foreign […]
Service King Reported in Cash Crunch as Pandemic Continues to Impact Sales
According to an article in Bloomberg, Service King has warned its lenders that dwindling cash is casting doubt on its ability to pay debt and continue as a going concern. The business news publisher cites anonymous sources familiar with the company’s financial results indicating that lower sales compared to pre-pandemic levels is impacting the company’s […]
Copart Reports Revenue of $810 Million in Fiscal 2022 First Quarter
Copart, Inc. (NASDAQ: CPRT) reported revenue of $810.1 million for its fiscal 2022 first quarter financial ended October 31, 2021, an increase of $217.2 million, or 36.6%, from the previous year. Gross profit was $385.0 million, up $88.3 million, or 29.7% during the quarter and net income was $260.4 million, an increase of $60.1 million, […]
U.S. Property and Casualty Insurers Report Net Income Rose to $37.5 Billion
Insurers report improved income as resumption in economic activity drives growth in premiums and losses, according to Verisk and APCIA. Private property/casualty insurers in the United States posted strong net income growth in the first half of 2021 as the country continued to recover from the economic disruption caused by the COVID-19 pandemic, according to […]
CCC Reports $176.6 Million in Revenue During Third Quarter
CCC Intelligent Solutions Holdings Inc. (CCC) (NYSE: CCCS) announced total revenue was $176.6 million for the third quarter of 2021 ended September 30, compared to $157.8 million for the third quarter of 2020. Adjusted for the impact of the divestiture of a portion of its professional services casualty solution in December 2020, total revenue grew […]
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