The U.S. property/casualty (P/C) industry grew its net underwriting income by 28% in the first six months of 2021 compared with the same prior-year period, according to a new AM Best report. This financial review is detailed in a new Best’s Special Report, titled, First Look: Six-Month 2021 Property/Casualty Financial Results, and the data is […]
CCC Reports $166 Million Revenue in Second Quarter
CCC Intelligent Solutions Inc. (NYSE: CCCS), announced total revenue was $166.8 million for the second quarter ended June 30, up from $150.7 million for the second quarter of 2020. Adjusted for the impact of the divestiture of a portion of its First Party Clinical Services casualty solution in December 2020, total revenue grew 16% in […]
Boyd Group Reports Sales Up Over 44% in Second Quarter Compared to Pandemic Impacted 2020
Same store sales up over 34%. Boyd Group Services Inc. (TSE:BYD.TO) today announced sales increased by 44.4% to $444.6 million in the second quarter ended June 30 from $308.0 million in the same period of 2020. Same-store sales increased 34.5%, recognizing the same number of selling and production days in the U.S. and Canada in […]
Uni-Select Reports Second Quarter Sales Up Over 37% versus 2020
Organic growth was over 28% higher on comparison to pandemic impacted quarter last year. Uni-Select Inc. (TSE:UNS) today reported consolidated sales of $416.4 million, up 37.6% year over year, driven by organic growth of 28.5% and by the favorable fluctuations of the British and the Canadian currencies. This performance reflected a recovery from trough levels […]
IAA Announces Second Quarter 2021 Revenue of $445 Million
IAA, Inc. (NYSE:IAA) announced consolidated revenues increased 50.0% to $445.1 million in its second quarter that ended June 27 from $296.8 million in the second quarter of fiscal 2020. Foreign currency movements resulted in a benefit of $5.9 million to revenue for the quarter. Excluding this impact, organic revenue increased 48.0% to $439.2 million, consisting […]
LKQ Reports Second Quarter Revenue of $3.4 Billion
Announces additional $1 billion stock repurchase program. LKQ Corporation today reported revenue for the second quarter of 2021 was $3.4 billion, an increase of 30.8% compared to $2.6 billion in the second quarter of 2020 that had been impacted by the pandemic. For the second quarter of 2021, parts and services organic revenue increased 21.9%, […]
Axalta Reports Reports Sales Up 72.6% in Second Quarter over Pandemic Impacted 2020
Axalta Coating Systems Ltd. (NYSE:AXTA) reported net sales of $1,126.8 million for its second quarter ended June 30, an increase of 72.6% year-over-year, including a 5.3% foreign currency benefit, driven by 56.4% higher volumes and 9.3% higher average price and product mix. The company reported that volume growth across all end-markets was driven by ongoing […]
AkzoNobel Reports Revenue Up 26% in Second Quarter
Revenue was also up 8% from Q2 2019 in constant currencies. AkzoNobel reported revenue of €2.511 billion ($2.96 billion) up 26% from the second quarter of 2020 impacted by the pandemic. The result was also 29% higher in constant currencies, with volumes up 26%, mainly due to strong end market demand. According to the company, […]
PPG Reports Record $4.4 Billion in Sales in Second Quarter
PPG (NYSE:PPG) today reported second quarter 2021 net sales of approximately $4.4 billion, approximately 45% higher than the prior year. Selling prices increased by 3.5% and sales volumes were higher by approximately 24% in comparison to the previous year. Favorable foreign currency translation impacted net sales by about 6%, or about $185 million, and acquisition-related […]
Copart Reports Fiscal Third Quarter Revenue of $733.9 million
Copart, Inc. (NASDAQ: CPRT) reported financial results for its fiscal third quarter ended April 30. For the quarter, revenue, gross profit, and net income were $733.9 million, $381.3 million, and $286.8 million, respectively. These represent an increase in revenue of $183.6 million, or 33.4%; an increase in gross profit of $138.7 million, or 57.2%; and […]
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