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You are here: Home / Archives for Earnings

AkzoNobel Reports Revenue Up 14% in Second Quarter

July 21, 2022 By CollisionWeek Editor Leave a Comment

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 […]

Filed Under: News Tagged With: AkzoNobel, Earnings

Property and Casualty Insurers Experience Underwriting Loss in 2021

June 1, 2022 By CollisionWeek Editor

Auto physical damage written premiums were up 6.5% but direct losses grew 25.1% over pandemic influenced 2020.  Despite experiencing an underwriting loss, the property/casualty insurance industry ended 2021 strong and able to support policyholders, according to a report from Verisk (NASDAQ:VRSK), the global data analytics provider, and the American Property Casualty Insurance Association (APCIA). In […]

Filed Under: News Tagged With: American Property Casualty Insurance Association, Earnings, Property Casualty Insurance, Verisk

Copart Reports Revenue of $939.9 Million in Fiscal Third Quarter

May 19, 2022 By CollisionWeek Editor

Copart, Inc. (NASDAQ: CPRT) reported revenue for the quarter ended April 30 was $939.9 million, an increase of $206.0 million, or 28.1%, from the same period last year. Gross profit was $436.3 million, an increase of $54.9 million, or 14.4%. Net income was $278.6 million, a decrease of $8.2 million, or 2.9% from last year. […]

Filed Under: News Tagged With: Copart, Earnings

Boyd Group Reports Sales of $556.8 Million in First Quarter, Up 32% Compared to Last Year

May 11, 2022 By CollisionWeek Editor

Continuing industry labor shortage and parts supply issues constrain growth. Company reports an unprecedented number of insurers increasing labor rates in response to wage and cost inflation. Boyd Group Services Inc. (TSE:BYD) today announced sales of $556.8 million for the first quarter ended March 31, up 32% from $421.6 million in the same period of […]

Filed Under: News Tagged With: Acquisitions, Boyd Group, Earnings, Openings

CCC Reports Revenue of $186.8 Million in First Quarter

May 6, 2022 By CollisionWeek Editor

Revenue was up 18% from last year. CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) announced total revenue was $186.8 million for the first quarter of 2022 that ended March 31, an increase of 18% from $157.8 million for the first quarter of 2021. Gross profit on a generally accepted accounting principles (GAAP) basis was $137.4 million, […]

Filed Under: News Tagged With: CCC, Earnings

Uni-Select Reports First Quarter Sales Up 10.7% to $409.6 million

May 5, 2022 By CollisionWeek Editor

FinishMaster US segment had 9.2% organic growth in quarter. Uni-Select Inc. (TSE:UNS) today reported consolidated sales of $409.6 million for the first quarter ended March 31, up $39.5 million or 10.7% from the first quarter of 2021. The sales increase was driven by organic growth of 11.6%, with all three segments reporting positive organic growth, […]

Filed Under: News Tagged With: Earnings, FinishMaster, Uni-Select

Berkshire Hathaway Reports GEICO Collision Claims Frequency Up 15-16% in First Quarter Compared to Last Year

May 4, 2022 By CollisionWeek Editor

Reports underwriting loss in quarter as losses and loss adjustment expense were up over 32%. Berkshire Hathaway reported its first quarter 2022 earnings, including details about its GEICO subsidiary, the second largest auto insurer in the U.S. According to the company, GEICO premiums written in the first quarter of 2022 were $10.265 billion, an increase […]

Filed Under: News Tagged With: Claim Frequency, Claim Severity, Earnings, GEICO

Axalta Reports Sales Up 10.4% in First Quarter Compared to Last Year

April 28, 2022 By CollisionWeek Editor

Refinish sales up 15.6% compared to 2021 and volume up 4%. Axalta Coating Systems Ltd. (NYSE:AXTA) reported net sales of $1,174.1 million for its first quarter ended March 31, an increase of 10.4% year-over-year, including a 3.0% foreign currency offset. The year-over-year growth was driven by 8.8% higher average price-mix, a 3.6% M&A benefit, and […]

Filed Under: News Tagged With: Axalta Coating Systems, Earnings

LKQ Corporation Reports Revenue of $3.3 Billion in First Quarter

April 28, 2022 By CollisionWeek Editor

LKQ Corporation (NASDAQ:LKQ) today reported revenue for the first quarter of 2022 was $3.3 billion, an increase of 5.6% as compared to $3.2 billion in the first quarter of 2021. Parts and services organic revenue increased 6.9% (5.6% on a per day basis), while the net impact of acquisitions and divestitures increased revenue by 1.7% […]

Filed Under: News Tagged With: Earnings, LKQ Corporation

Driven Brands Reports Revenue of $468.3 Million in First Quarter

April 27, 2022 By CollisionWeek Editor

Revenue up 42% compared to last year. System-wide revenue was $1.3 billion. Driven Brands Holdings Inc. (NASDAQ:DRVN) today reported revenue was $468.3 million, an increase of 42% versus the prior year for its first quarter ended March 26. For the first quarter, system-wide sales were $1.3 billion, an increase of 26% versus the prior year, […]

Filed Under: News Tagged With: Driven Brands, Earnings

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