Reports above market refinish performance in U.S. and Canada. PPG (NYSE:PPG) reported fourth quarter 2019 net sales of nearly $3.7 billion, up approximately 1% versus the prior year. Net sales in constant currencies grew about 2% year-over-year, aided by higher selling prices of almost 2%. Sales volumes declined nearly 3% versus the prior year. Unfavorable […]
Universal Technical Institute Reports Fiscal 2019 Revenue Up 4.6%
Universal Technical Institute, Inc. (NYSE:UTI) reported financial results for the fiscal 2019 fourth quarter and full year ended September 30, 2019. Fourth quarter revenue increased 9.2% versus the prior year quarter to $87.7 million, driving fiscal 2019 revenue for the full year to $331.5 million, up 4.6% versus the prior year. New student starts, excluding […]
U.S. Property/Casualty Insurers Preliminary Nine-Month 2019 Results Show 13% Underwriting Income Increase
A.M Best reports the U.S. property/casualty (P/C) industry’s net underwriting income improved in the first nine months of 2019 by 13% compared with the same prior-year period to $4.5 billion, as growth in net earned premiums offset year-over-year increases in incurred losses and loss adjustment expenses, underwriting expenses and policyholder dividends. This financial review is […]
Copart Reports Revenue Up Over 20% in Fiscal First Quarter
Copart, Inc. (NASDAQ:CPRT) reported financial results for its fiscal first quarter ended October 31. For the quarter, revenue was $554.4 million, up 93.1 million or 20.2% over the same period last year. Gross profit was $254.9 million and net income was $218.2 million. These represent an increase in gross profit of $59.0 million, or 30.1%; […]
Uni-Select Reports Third Quarter Sales of $450.8 million
FinishMaster U.S. segment reported sales of $215.7 million. Uni-Select Inc. (TSE:UNS), the parts distributor and parent of FinishMaster, reported consolidated sales of $450.8 million for the third quarter ended September 30, when compared to the same quarter last year, were affected by a foreign currency conversion impact amounting to $6.8 million or 1.5%. Consolidated organic […]
IAA Reports Revenue Up Over 11% in Third Quarter
IAA, Inc. (NYSE:IAA) announced consolidated revenues increased 11.3% to $357.3 million results for the third quarter of fiscal 2019, which ended September 29, up from $321.1 million in the third quarter of fiscal 2018. John Kett, Chief Executive Officer and President, stated, “We are pleased with our third quarter top and bottom line performance. Our […]
Boyd Group Reports Revenue Up 23.4% in Third Quarter
Same store sales up 1.7% on days adjusted basis. The Boyd Group Income Fund (TSE:BYD.UN) today reported its third quarter sales increased by 23.4% to CA$567.0 million ($428.19 million) from CA$459.6 million ($347.08 million) in 2018, including same-store sales increases of 3.3%. Same store sales increased 1.7% on a days adjusted basis, recognizing one additional […]
LKQ Corporation Announces Revenue of $3.15 Billion, Up 1% in Third Quarter
Parts and services organic revenue increased 2.3%; 0.9% on a per day basis. Announces $500 million additional stock buyback. LKQ Corporation (NASDAQ:LKQ) today reported revenue for the third quarter of 2019 of $3.15 billion, an increase of 0.8% as compared to $3.12 billion in the third quarter of 2018. For the third quarter of 2019, […]
Axalta Reports Third Quarter Sales Down Due to Impact of Currency Conversion and Sale of China Joint Venture
Organic refinish sales up on constant currency basis. Axalta Coating Systems Ltd. (NYSE:AXTA) reported third quarter net sales of $1,107.0 million decreased 3.4% year-over-year, including a 2.0% negative foreign currency impact and negative 1.8% inorganic impact primarily associated with the second quarter 2019 sale of its interest in a China powder joint venture. Constant currency […]
Enterprise Holdings Reports Record Revenue for 10th Consecutive Year
Generating worldwide revenue of $25.9 billion in fiscal year 2019 (FY2019), Enterprise Holdings, Inc. and its affiliate Enterprise Fleet Management achieved record revenue for the tenth consecutive year. “The strength of Enterprise Holdings – the car rental business as well as the adjacent business lines – is a testament to employees’ unwavering focus on offering […]
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