LKQ Corporation (NASDAQ:LKQ) today announced revenue for the first quarter of 2020 was $3.0 billion, a decrease of 3.2% as compared to $3.1 billion in the first quarter of 2019. For the first quarter of 2020, parts and services organic revenue decreased 3.5% and 4.7% on a per day basis. Net income for the first […]
Boyd Group Reports First Quarter Results Up 12.5% Versus 2019
Same store sales decreased 1.5%. Company raises CA$200 million to fund future acquisitions and improve balance sheet. Boyd Group Services Inc. (TSE:BYD) announced its preliminary first quarter financial results and that it raised approximately CA$200 million ($143.6 million) through a bought deal share issuance under an agreement with CIBC Capital Markets, Cormark Securities Inc., Goldman […]
PPG Reports Lower First Quarter Sales as Pandemic Impacts Results
PPG (NYSE:PPG) reported first quarter 2020 net sales of about $3.4 billion, down approximately 7% versus the prior year. Selling prices increased more than 1%. Sales volumes were down 8% versus the prior year, in aggregate, including an estimated impact of the COVID-19 pandemic of $225 million, or about 6%. Unfavorable foreign currency translation impacted […]
IAA Reports Revenue Up 6.2% in Fourth Quarter and Full Year Fiscal 2019 Financial Results
IAA, Inc. (NYSE: IAA) reported its revenue increased 6.2% to $355.9 million in the fourth quarter of 2019 ended December 29, up from $335.2 million in the fourth quarter of fiscal 2018. Fourth quarter revenue includes $2.4 million of revenue from DDI, which was acquired on July 31, 2019. Foreign currency movements had a negative impact […]
Boyd Group Reports Revenue Up 22.5% in 2019
Same-store sales up 3.3%. Will pause closing new acquisitions during COVID-19 crisis. The Boyd Group Services Inc. (TSE:BYD) today reported 2019 sales of increased by 22.5% to CA$2.3 billion ($1.59 billion) from CA$1.9 billion ($1.32 billion) in 2018, including same-store sales increases of 3.3%. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased 24.3% […]
State Farm Reports Lower Earned Premiums in 2019 Due to Reductions in Customer Premiums
State Farm announced that in 2019, its property and casualty insurance companies experienced growth in policies while reporting lower earned premium compared to 2018. According to the company the decrease in property-casualty (P-C) earned premium reflects a focus on returning value to customers in the form of lower premiums when appropriate. The State Farm P-C […]
GEICO Reports Auto Policies in Force Up 6.4% in 2019
Voluntary policies increased by over 1 million last year. Claims frequency declined, but severity increased. Berkshire Hathaway reported its 2019 earnings on February 22, including details of its GEICO Insurance operations. GEICO’s premiums written and earned in 2019 increased 5.5% and 6.6%, respectively, compared to 2018. According to the company’s annual report, these increases were […]
LKQ Reports Full Year 2019 Sales Up 5.3%
LKQ Corporation (NASDAQ:LKQ) today reported revenue for the fourth quarter of 2019 of $3.01 billion, an increase of 0.2% as compared to $3.00 billion in the fourth quarter of 2018. For the fourth quarter of 2019, parts and services organic revenue increased 0.9%, and acquisition revenue growth was 0.2%, while the impact of exchange rates […]
Uni-Select Inc. Reports Fourth Quarter Sales Down Compared to 2018, Full Year Sales Up
Uni-Select Inc. (TSE:UNS) reported its financial results for the fourth quarter and the year ended December 31, 2019 as well as providing updates on its Performance Improvement Plan (PIP). Sales were down 1.5% in constant currency to $412.6 million in the fourth quarter and up 1.1% in constant currency to $1,739.6 million for 2019, driven […]
Allstate Reports Fourth Quarter Revenue Up 21% Compared to 2018
The Allstate Corporation (NYSE:ALL) reported total revenue of $11.47 billion in the fourth quarter of 2019 up 21.0% compared to the prior year quarter. Property-Liability insurance premiums earned increased by 5.4%. Allstate brand auto insurance net written premium grew 3.8%, and policies in force increased 1.5% in the fourth quarter of 2019 compared to the […]