Overall parts and service growth 15.2 percent, organic revenue growth just 0.1 percent. LKQ Corporation (Nasdaq:LKQ) today reported revenue for the first quarter of 2019 of $3.1 billion, an increase of 14 percent as compared to $2.7 billion in the first quarter of 2018. For the first quarter, parts and services organic revenue growth was […]
Axalta Reports First Quarter Sales Down on Foreign Currency Impact
Refinish sales down 2.1 percent, but were up 3.5 percent on constant currency basis. Axalta Coating Systems Ltd. (NYSE: AXTA) announced that net sales for its first quarter ending March 31 of $1,119.3 million decreased 4.5 percent year-over-year including a 4.8 percent negative foreign currency impact. Constant currency net sales increased 0.3 percent in the […]
Boyd Group Reports Record Revenue of CA$1.9 billion in 2018
Collision repair facility operators same store sales Up 4.4 percent on per day basis. The Boyd Group Income Fund (TSE:BYD.UN) today reported its financial results for the fourth quarter of 2018 and full year ended December 31, 2018. Sales increased by 18.8 percent to CA$1.9 billion ($1.42 billion) from CA$1.6 billion ($1.23 billion) in 2017, […]
American Family Reports 107 Auto Combined Ratio in 2018
American Family reported its financial results for 2018. The insurer added $955 million to policyholder equity in 2018. This brings the group’s total equity to $9 billion, due largely to its merger with Florida-based mutual insurance company Main Street America, completed Oct. 31. American Family was not immune to drops in the financial markets as […]
State Farm Reports 2018 Underwriting Gain, 8.77% Decline in Auto Claims Cost and Loss Adjustment Expense
In 2018, State Farm experienced a property-casualty underwriting gain, as well as increases in total revenue, net income and net worth. As the number one Auto and Homeowners insurer in the U.S., State Farm remains committed to serving its policyholders. The State Farm property-casualty (P-C) group of companies reported a combined underwriting gain of $1.7 […]
Lawson Products Reports 2018 Sales Up 14.3%
Lawson Products, Inc. (NASDAQ:LAWS), the parent of Kent Automotive, announced results for the fourth quarter and year ended December 31, 2018. Net sales increased 7.0 percent to $86.3 million for the fourth quarter versus $80.6 million for the same period a year ago. Average daily sales grew to $1.414 million in the recent quarter compared […]
LKQ Corporation Revenue Up 22% to $11.9 Billion in 2018
Organic growth for parts and service up 4.4 percent for the year. LKQ Corporation (NASDAQ:LKQ) today announced results for its fourth quarter and full year ended December 31, 2018. For the fourth quarter of 2018, revenue was $3.0 billion, an increase of 22 percent from $2.5 billion for the comparable period of 2017. Parts and […]
Uni-Select Inc. Reports Sales Up 1.1 percent in Fourth Quarter
Announces search for new president and CEO. Launched performance improvement and rightsizing plan for FinishMaster US. Uni-Select Inc. (TSE:UNS) reported on its earnings for the fourth quarter of 2018 and full year results. The company provided updates on its search for a new president and CEO and its previously announced review of “strategic alternatives” for […]
Copart Reports Fiscal Second Quarter Revenue Up 5.6% Revenue Increase
Copart, Inc. (NASDAQ:CPRT) reported financial results for the quarter ended January 31. For the three months ended January 31, 2019, revenue, gross profit, and net income were $484.9 million, $208.2 million, and $131.4 million, respectively. These represent an increase in revenue of $25.8 million, or 5.6 percent; an increase in gross profit of $16.6 million, […]
Allstate Reports Auto Policies in Force Up in Fourth Quarter
Allstate brand auto net written premiums up 5.7 percent in 2018. Sees increase in total losses on newer vehicles due to increased part cost, technology and repair complexity. The Allstate Corporation (NYSE: ALL) reported financial results for the fourth quarter and full year of 2018. “Allstate continues to deliver strong operating results while building the […]