Sales were up nearly 20% overall. Same store sales up 7%. Boyd Group Services Inc. (TSE:BYD) announced sales increased by 19.9% to $1.9 billion in 2021 from $1.6 billion in 2020. Same-store sales increased 7.0% for the year. Fiscal 2021 had two fewer selling and production days when compared to fiscal 2020, which reduced selling […]
Berkshire Hathaway Reports GEICO Premiums Written Up Nearly 10% in 2021
Second largest auto insurer reports average collision coverage severity up in 15-16% range. Berkshire Hathaway reported its 2021 earnings, including details about its GEICO subsidiary, the second largest auto insurer in the U.S. According to the company, GEICO premiums written in 2021 increased $3.5 billion (9.9%) compared to 2020, which included a reduction of approximately […]
State Farm Reports Record Growth in Auto Policies But Lower Earned Premiums
The largest auto insurer in the U.S. returned $401 million in dividends to auto policyholders even with higher claim costs. State Farm Insurance Companies announced it experienced record growth in auto, home and life policies in 2021. While experiencing record growth in auto policies, State Farm reported another year-over-year decrease in auto earned premium. The […]
CCC Reports Revenue of $187.1 Million in Fourth Quarter
CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) announced total revenue was $187.1 million for the fourth quarter ended December 31, up from $165.4 million for the fourth 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 19% in the fourth […]
Uni-Select Reports Sales Up 9.6% in Fourth Quarter
FinishMaster organic sales up 8.5% compared to 2020. Uni-Select Inc. (TSE:UNS) on Friday reported consolidated sales of $400.2 million for the fourth quarter ended December 31, up by 9.3%, mainly driven by organic growth of 7.5% and favorable Canadian and British currency fluctuations, offsetting the adverse effect of fewer billing days. Consolidated organic growth continued […]
LKQ Corporation Reports Fourth Quarter Revenue of $3.2 Billion, up 7.9% versus 2020
LKQ Corporation (NASDAQ:LKQ) today reported revenue for the fourth quarter of 2021 was $3.2 billion, an increase of 7.9% as compared to $3.0 billion in the fourth quarter of 2020. For the fourth quarter of 2021, parts and services organic revenue increased 6.6% (7.3% on a per day basis), while the net impact of acquisitions […]
Driven Brands Reports Revenue of Over $391 Million in Fourth Quarter Up 36% Versus 2020
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 […]
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