Automotive refinish coatings declined on strong prior year comparison but the company said U.S. distributor destocking is finished and refinish volumes projected to return to growth in the third quarter. PPG (NYSE: PPG) reported second quarter 2026 net sales of $4.5 billion, up 7% year over year, and said automotive refinish coatings organic sales fell […]
LKQ North America Returns to Growth as Alternative Parts Utilization Tops 40%
Alternative parts utilization set a second consecutive record — though a ERP system conversion in Germany drove a cut to full-year guidance. LKQ Corporation’s (NASDAQ: LKQ) North America segment returned to organic revenue growth in the second quarter for the first time since 2023, as alternative parts utilization exceeded 40% and the decline in repairable […]
Axalta Reports Second Quarter Sales of $1.35 Billion as Refinish Grows 6%
Axalta Coating Systems Ltd. (NYSE: AXTA) reported second quarter net sales of $1.35 billion, up 3% year over year, and record adjusted earnings, as refinish net sales rose 6% and the coatings supplier secured more than 1,900 net new collision repair facilities in the first half of 2026. Adjusted earnings before interest, taxes, depreciation and […]
AkzoNobel Reports Refinish Return to Growth in Second Quarter as Axalta Merger Vote Nears
AkzoNobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) reported second-quarter 2026 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of €398 million ($453.7 million) on July 22, up 1% as reported and 5% at comparable scope and constant currencies, as the coatings supplier delivered its fifth consecutive quarter of year-over-year margin expansion. Adjusted EBITDA margin rose […]
Progressive Reports Personal Auto Policies in Force Up 8.8% in June Compared to 2025
Total policies in force top 40 million for the first time as June net income falls 31% on investment losses and a higher combined ratio. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 27,932,000 in June 2026, an increase of 2,264,000 or 8.8% from 25,668,000 in June 2025. […]
U.S. Property/Casualty Industry Posts $84 Billion in Underwriting Gains Across Two Years
Private passenger auto held a combined ratio well below 100 for a second straight year, while commercial auto liability absorbed another $2.0 billion in reserve deficiencies. The U.S. property/casualty insurance industry generated $84 billion in underwriting gains across the past two full calendar years, its strongest showing in a decade and a reversal of the […]
Driven Brands Reports First Quarter Revenue of $484.4 Million
Sees collision repair industry stabilizing in 2026. Driven Brands Holdings Inc. (NASDAQ: DRVN), the parent company of collision repair networks CARSTAR, Abra and Fix Auto USA and paint franchise Maaco, on June 11 reported first quarter 2026 revenue increased 8% to $484.4 million, with same-store sales up 2.1% across the company’s portfolio. The report marks […]
Progressive Reports Personal Auto Policies in Force Up 10.2% in April Compared to 2025
Net premiums written up 6% year over year as combined ratio deteriorates 5.3 points on spring storm losses. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 27,753,000 in April 2026, an increase of 2,569,000 or 10.2% from 25,184,000 in April 2025. The April figures show personal auto policy […]
Boyd Group Reports Record First Quarter Sales of $996.7 Million
Same store sales up 1.7%. Boyd Group Services Inc. (TSX: BYD; NYSE: BGSI) reported first quarter sales of $996.7 million for the three months ended March 31, an increase of 28.1% from $778.3 million in the same period of 2025, as the contribution from its Joe Hudson’s Collision Center acquisition combined with positive same-store sales […]
Axalta Reports Sales of $1.25 Billion in First Quarter
Axalta Coating Systems Ltd. (NYSE: AXTA) reported first quarter net sales of $1.25 billion, down 1% year-over-year, as the global coatings company beat its own guidance on revenue, adjusted earnings and adjusted earnings per share while delivering record first quarter cash generation. The company posted net income of $91 million, down 8% from the prior […]
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